D - Microeconomics - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T23:38:20+00:002017 Methods-of-Payment Survey Report
https://www.bankofcanada.ca/2018/12/staff-discussion-paper-2018-17/
Cash use is declining while contactless and mobile payments are on the rise.2018-12-14T08:44:01+00:00en2017 Methods-of-Payment Survey Report2018-12-14Bank notesDigital currencies and fintechFinancial servicesStaff Discussion Paper 2018-17https://www.bankofcanada.ca/wp-content/uploads/2018/12/sdp2018-17.pdf2017 Methods-of-Payment Survey ReportChristopher HenryKim HuynhAngelika WelteDecember 2018DD8D83EE4E41The Cost of the Government Bond Buyback and Switch Programs in Canada
https://www.bankofcanada.ca/2018/12/staff-analytical-note-2018-41/
This note examines the costs of the Government of Canada bond buyback and switch programs between 1998 and 2016. Our analysis indicates that the auction design of the buyback program was effective in retiring government debt with minimal costs resulting from bid shading in auctions and price impact.2018-12-11T14:10:58+00:00enThe Cost of the Government Bond Buyback and Switch Programs in Canada2018-12-11The Impact of Recent Policy Changes on the Canadian Mortgage Market
https://www.bankofcanada.ca/2018/11/staff-analytical-note-2018-35/
Recent policy changes are having a clear impact on the mortgage market. The number of new, highly indebted borrowers has fallen, and overall mortgage activity has slowed significantly.2018-11-14T08:00:05+00:00enThe Impact of Recent Policy Changes on the Canadian Mortgage Market2018-11-14The Framework for Risk Identification and Assessment
https://www.bankofcanada.ca/2018/11/technical-report-113/
Risk assessment models are an important component of the Bank’s analytical tool kit for assessing the resilience of the financial system. We describe the Framework for Risk Identification and Assessment (FRIDA), a suite of models developed at the Bank of Canada to quantify the impact of financial stability risks to the broader economy and a range of financial system participants (households, businesses and banks).2018-11-13T11:51:05+00:00enThe Framework for Risk Identification and Assessment2018-11-13Economic modelsFinancial institutionsFinancial stabilityHousingTechnical Report 113https://www.bankofcanada.ca/wp-content/uploads/2018/11/tr113.pdfThe Framework for Risk Identification and AssessmentCameron MacDonaldVirginie TracletNovember 2018CC3C5C6C7DD1EE0E00E2E27E3E37E4E47GG0G2G21How Long Does It Take You to Pay? A Duration Study of Canadian Retail Transaction Payment Times
https://www.bankofcanada.ca/2018/09/staff-working-paper-2018-46/
Using an exclusive data set of payment times for retail transactions made in Canada, I show that cash is the most time-efficient method of payment (MOP) when compared with payments by debit and credit cards. I model payment efficiency using Cox proportional hazard models, accounting for consumer choice of MOP.2018-09-07T15:08:12+00:00enHow Long Does It Take You to Pay? A Duration Study of Canadian Retail Transaction Payment Times2018-09-07Bank notesEconometric and statistical methodsPayment clearing and settlement systemsStaff Working Paper 2018-46https://www.bankofcanada.ca/wp-content/uploads/2018/09/swp2018-46.pdfHow Long Does It Take You to Pay? A Duration Study of Canadian Retail Transaction Payment TimesGeneviève ValléeSeptember 2018CC2C25C3C36C4C41DD2D23EE4E41E42The Impact of Government Debt Supply on Bond Market Liquidity: An Empirical Analysis of the Canadian Market
https://www.bankofcanada.ca/2018/07/staff-working-paper-2018-35/
This paper finds that Government of Canada benchmark bonds tend to be more illiquid over the subsequent month when there is a large increase in government debt supply. The result is both statistically and economically significant, stronger for the long-term than the short-term sector, and is robust when other macro factors are controlled for.2018-07-24T16:16:15+00:00enThe Impact of Government Debt Supply on Bond Market Liquidity: An Empirical Analysis of the Canadian Market2018-07-24Asset pricingDebt managementFinancial marketsStaff Working Paper 2018-35https://www.bankofcanada.ca/wp-content/uploads/2018/07/swp2018-35.pdfThe Impact of Government Debt Supply on Bond Market Liquidity: An Empirical Analysis of the Canadian MarketJeffrey GaoJianjian JinJacob ThompsonJuly 2018DD5D53GG1G12G18G2G3G32Does Outward Foreign Investment Matter for Canadian Productivity? Evidence from Greenfield Investments
https://www.bankofcanada.ca/2018/07/staff-working-paper-2018-31/
This paper seeks to understand how outward foreign direct investment (FDI) affects the productivity of Canadian firms. We estimate the impact of outward greenfield investment on measures of firm-level productivity using FDI data from roughly 2,000 Canadian firms and more than 4,000 outward FDI projects over the 2003–14 period.2018-07-16T15:46:51+00:00enDoes Outward Foreign Investment Matter for Canadian Productivity? Evidence from Greenfield Investments2018-07-16Firm dynamicsProductivityStaff Working Paper 2018-31https://www.bankofcanada.ca/wp-content/uploads/2018/07/swp2018-31.pdfDoes Outward Foreign Investment Matter for Canadian Productivity? Evidence from Greenfield InvestmentsNaveen RaiLena SuchanekMaria BernierJuly 2018DD2D24FF2F21F23A Look Inside the Box: Combining Aggregate and Marginal Distributions to Identify Joint Distributions
https://www.bankofcanada.ca/2018/07/staff-working-paper-2018-29/
This paper proposes a method for estimating the joint distribution of two or more variables when only their marginal distributions and the distribution of their aggregates are observed. Nonparametric identification is achieved by modelling dependence using a latent common-factor structure.2018-07-04T10:50:38+00:00enA Look Inside the Box: Combining Aggregate and Marginal Distributions to Identify Joint Distributions2018-07-04Bank notesDigital currencies and fintechEconometric and statistical methodsStaff Working Paper 2018-29https://www.bankofcanada.ca/wp-content/uploads/2018/07/swp2018-29.pdfA Look Inside the Box: Combining Aggregate and Marginal Distributions to Identify Joint DistributionsMarie-Hélène FeltJuly 2018CC1C14DD1D14EE4E41Readability and the Bank of Canada
https://www.bankofcanada.ca/2018/06/staff-analytical-note-2018-20/
In this note, I assess the readability of Bank of Canada publications using a formula commonly used for this type of evaluation. I find that Bank publications are more difficult to read than the media articles and other content our target audiences likely consume. This suggests that more simple writing can help the Bank better meet its communication objectives.2018-06-27T09:06:56+00:00enReadability and the Bank of Canada2018-06-27The Scale and Scope of Online Retail
https://www.bankofcanada.ca/2018/06/staff-analytical-note-2018-19/
This paper studies the growth of online retail over the period 1999–2012, using confidential firm-product-level data for Canada. The revenue of online retailers is decomposed into the contributions of product scope (the number of product categories) and product scale (average revenue per product category).2018-06-21T10:55:59+00:00enThe Scale and Scope of Online Retail2018-06-21