March 13, 2018
Posts
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Can Media and Text Analytics Provide Insights into Labour Market Conditions in China?
The official Chinese labour market indicators have been seen as problematic, given their small cyclical movement and their only-partial capture of the labour force. In our paper, we build a monthly Chinese labour market conditions index (LMCI) using text analytics applied to mainland Chinese-language newspapers over the period from 2003 to 2017. -
Blockchain Revolution Without the Blockchain
The technology behind blockchain has attracted a lot of attention. However, this technology is for the most part not well understood. There is no consensus on what benefits it may bring or on how it may fail. -
The Macroeconomic Effects of Quantitative Easing in the Euro Area: Evidence from an Estimated DSGE Model
This paper estimates an open-economy dynamic stochastic general equilibrium model with Bayesian techniques to analyse the macroeconomic effects of the European Central Bank’s (ECB’s) quantitative easing (QE) programme. Using data on government debt stocks and yields across maturities, we identify the parameter governing portfolio adjustment in the private sector. -
Dismiss the Gap? A Real-Time Assessment of the Usefulness of Canadian Output Gaps in Forecasting Inflation
We use a new real-time database for Canada to study various output gap measures. This includes recently developed measures based on models incorporating many variables as inputs (and therefore requiring real-time data for many variables). -
March 8, 2018
Canada’s Economic Expansion: A Progress Report
Deputy Governor Tim Lane discusses the issues that led Governing Council to hold the policy interest rate at 1.25 per cent in their March 7 decision. -
March 8, 2018
$10 Bank Note Unveil
Due to poor weather and power outages in the Halifax area, today’s official unveiling event for the new $10 bank note may experience technical difficulties. -
March 8, 2018
New $10 bank note featuring Viola Desmond unveiled on International Women’s Day
Finance Minister Bill Morneau and Bank of Canada Governor Stephen S. Poloz today unveiled the new $10 bank note featuring Viola Desmond during a ceremony at the Halifax Central Library. -
March 8, 2018
Unveiling of New $10 Note
Governor Stephen S. Poloz joins Minister Morneau and Wanda Robson at the unveiling of Canada’s new $10 note. -
March 7, 2018
Bank of Canada maintains overnight rate target at 1 1/4 per cent
The Bank of Canada today maintained its target for the overnight rate at 1 1/4 per cent. The Bank Rate is correspondingly 1 1/2 per cent and the deposit rate is 1 per cent.
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