Research - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T05:02:00+00:00Financial Distress and Hedging: Evidence from Canadian Oil Firms
https://www.bankofcanada.ca/2019/04/staff-discussion-paper-2019-4/
The paper explores the link between financial distress and the commodity price hedging behaviour of Canadian oil firms.2019-04-29T15:11:39+00:00enFinancial Distress and Hedging: Evidence from Canadian Oil Firms2019-04-29Financial marketsFirm dynamicsFinancial Distress and Hedging: Evidence from Canadian Oil Firmshttps://www.bankofcanada.ca/wp-content/uploads/2019/04/sdp2019-4.pdfFinancial Distress and Hedging: Evidence from Canadian Oil FirmsKun MoFarrukh SuvankulovSophie GriffithsApril 2019GG3G32QQ4Q40Disentangling the Factors Driving Housing Resales
https://www.bankofcanada.ca/2019/04/staff-analytical-note-2019-12/
We use a recently developed model and loan-level microdata to decompose movements in housing resales since 2015. We find that fundamental factors, namely housing affordability and full-time employment, have had offsetting effects on resales over our study period.2019-04-17T11:16:02+00:00enDisentangling the Factors Driving Housing Resales2019-04-17The Neutral Rate in Canada: 2019 Update
https://www.bankofcanada.ca/2019/04/staff-analytical-note-2019-11/
This note provides an update on Bank of Canada staff’s assessment of the Canadian neutral rate. The neutral rate is the policy rate needed to keep output at its potential level and inflation at target once the effects of any cyclical shocks have dissipated. This medium- to long-run concept serves as a benchmark for gauging the degree of monetary stimulus provided by a given policy setting.2019-04-17T11:12:06+00:00enThe Neutral Rate in Canada: 2019 Update2019-04-17Potential Output in Canada: 2019 Reassessment
https://www.bankofcanada.ca/2019/04/staff-analytical-note-2019-10/
Potential output is expected to grow on average at 1.8 per cent over 2019–21 and at 1.9 per cent in 2022. While the contribution of trend labour input to potential output growth is expected to decrease between 2019 and 2022, the contribution of trend labour productivity is projected to increase.2019-04-17T11:03:16+00:00enPotential Output in Canada: 2019 Reassessment2019-04-17Could Canadian Bond Funds Add Stress to the Financial System?
https://www.bankofcanada.ca/2019/04/staff-analytical-note-2019-9/
We create a hypothetical scenario to study the role bond funds play in intensifying shocks to the financial system. Using data from 2018 and 2007, we find that bond funds play a larger role now than they did in the past.2019-04-15T07:21:11+00:00enCould Canadian Bond Funds Add Stress to the Financial System?2019-04-15Labor Mobility in a Monetary Union
https://www.bankofcanada.ca/2019/04/staff-working-paper-2019-15/
The optimal currency literature has stressed the importance of labor mobility as a precondition for the success of monetary unions. But only a few studies formally link labor mobility to macroeconomic adjustment and policy. In this paper, we study macroeconomic dynamics and optimal monetary policy in an economy with cyclical labor flows across two distinct regions that share trade links and a common monetary framework.2019-04-12T10:08:57+00:00enLabor Mobility in a Monetary Union2019-04-12Business fluctuations and cyclesEconomic modelsLabour marketsMonetary policy frameworkRegional economic developmentsStaff Working Paper 2019-15https://www.bankofcanada.ca/wp-content/uploads/2019/04/swp2019-15.pdfLabor Mobility in a Monetary UnionDaniela HauserMartin SenecaApril 2019EE3E32E5E52FF4Bond Funds and Fixed-Income Market Liquidity: A Stress-Testing Approach
https://www.bankofcanada.ca/2019/04/technical-report-115/
This report provides a detailed technical description of a stress test model for investment funds called Ceto.2019-04-11T16:25:19+00:00enBond Funds and Fixed-Income Market Liquidity: A Stress-Testing Approach2019-04-11Economic modelsFinancial institutionsFinancial marketsFinancial stabilityTechnical Report 115https://www.bankofcanada.ca/wp-content/uploads/2019/04/tr115.pdfBond Funds and Fixed-Income Market Liquidity: A Stress-Testing ApproachRohan AroraGuillaume Bédard-PagéGuillaume Ouellet LeblancRyan ShotlanderApril 2019GG1G12G14G2G20G23Firm-level Investment Under Imperfect Capital Markets in Ukraine
https://www.bankofcanada.ca/2019/04/staff-working-paper-2019-14/
This paper develops and estimates a model of firm-level fixed capital investment when
firms face borrowing constraints.2019-04-10T13:15:12+00:00enFirm-level Investment Under Imperfect Capital Markets in Ukraine2019-04-10Econometric and statistical methodsEconomic modelsFirm dynamicsStaff Working Paper 2019-14https://www.bankofcanada.ca/wp-content/uploads/2019/04/swp2019-14.pdfFirm-level Investment Under Imperfect Capital Markets in UkraineOleksandr ShcherbakovApril 2019CC6C61C63DD2D24GG3G31Global Commodity Markets and Rebalancing in China: The Case of Copper
https://www.bankofcanada.ca/2019/04/staff-discussion-paper-2019-3/
Given that China accounts for about half of global copper consumption, it is reasonable to expect that any significant change in Chinese copper consumption will have an impact on the global market.2019-04-03T10:06:16+00:00enGlobal Commodity Markets and Rebalancing in China: The Case of Copper2019-04-03Econometric and statistical methodsInternational topicsStaff Discussion Paper 2019-3https://www.bankofcanada.ca/wp-content/uploads/2019/04/sdp2019-3.pdfGlobal Commodity Markets and Rebalancing in China: The Case of CopperJeannine BailliuDoga BilginKun MoKurt NiquidetBenjamin SawatzkyApril 2019OO1O13O14QQ0Q02