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Bank of Canada RSS Feedsen2024-03-29T05:48:22+00:00Research Update - December 2019
https://www.bankofcanada.ca/wp-content/uploads/2020/01/monthly-research-newsletter-december-2019.pdf
This monthly newsletter features the latest research publications by Bank of Canada economists including external publications and working papers published on the Bank of Canada’s website.2019-12-31T06:00:37+00:00enResearch Update - December 20192019-12-31Monetary Policy and Government Debt Dynamics Without Commitment
https://www.bankofcanada.ca/2019/12/staff-working-paper-2019-52/
I show that maturity considerations affect the optimal conduct of monetary and fiscal policy during a period of government debt reduction. I consider a New Keynesian model and study a dynamic game of monetary and fiscal policy authorities without commitment, characterizing the incentives that drive the choice of interest rate.2019-12-30T09:16:41+00:00enMonetary Policy and Government Debt Dynamics Without Commitment2019-12-30Fiscal policyMonetary policyStaff Working Paper 2019-52https://www.bankofcanada.ca/wp-content/uploads/2019/12/swp2019-52.pdfMonetary Policy and Government Debt Dynamics Without CommitmentDmitry MatveevDecember 2019EE5E52E6E62E63Advertisement for the position of Governor of the Bank of Canada
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Governor Stephen S. Poloz is stepping down in June 2020. Learn more about this leadership opportunity.2019-12-30T07:15:02+00:00enAdvertisement for the position of Governor of the Bank of Canada2019-12-30Technology Adoption in Input-Output Networks
https://www.bankofcanada.ca/2019/12/staff-working-paper-2019-51/
We study how input-output networks affect the speed of technology adoption. In particular, we model the decision to adopt the programming language Python 3 by software packages. Python 3 provides advanced features but is not backward compatible with Python 2, which implies it comes with adoption costs.2019-12-23T15:39:25+00:00enTechnology Adoption in Input-Output Networks2019-12-23Economic modelsFirm dynamicsProductivityStaff Working Paper 2019-51https://www.bankofcanada.ca/wp-content/uploads/2019/12/swp2019-51.pdfTechnology Adoption in Input-Output NetworksXintong HanLei XuDecember 2019CC6C61LL2L23L8L86OO1O14O3O33Monetary Payoff and Utility Function in Adaptive Learning Models
https://www.bankofcanada.ca/2019/12/staff-working-paper-2019-50/
When players repeatedly face an identical or similar game (e.g., coordination game, technology adoption game, or product choice game), they may learn through experience to perform better in the future. This learning behaviour has important economic implications.2019-12-20T15:53:25+00:00enMonetary Payoff and Utility Function in Adaptive Learning Models2019-12-20Econometric and statistical methodsEconomic modelsStaff Working Paper 2019-50https://www.bankofcanada.ca/wp-content/uploads/2019/12/swp2019-50.pdfMonetary Payoff and Utility Function in Adaptive Learning ModelsErhao XieDecember 2019CC5C57C7C72C9C92Creations and Redemptions in Fixed-Income Exchange-Traded Funds: A Shift from Bonds to Cash
https://www.bankofcanada.ca/2019/12/staff-analytical-note-2019-34/
The creation and redemption activity of fixed-income exchange-traded funds listed in the United States has shifted. Funds of established issuers have traditionally exchanged their shares for baskets of bonds. In contrast, young funds managed by new issuers tend to create and redeem their shares almost exclusively in cash. Cash transactions imply that new funds are taking on exposure to liquidity risk. This has implications for financial stability.2019-12-20T11:08:56+00:00enCreations and Redemptions in Fixed-Income Exchange-Traded Funds: A Shift from Bonds to Cash2019-12-20On the Evolution of Multiple Jobholding in Canada
https://www.bankofcanada.ca/2019/12/staff-working-paper-2019-49/
The number of workers who hold more than one job (a.k.a. multiple jobholders) has increased recently in Canada. While this seems to echo the view that non-standard work arrangements are becoming pervasive, the increase has in fact been trivial compared with the long-run rise of multiple jobholding that has occurred since the mid-1970s.2019-12-19T13:34:31+00:00enOn the Evolution of Multiple Jobholding in Canada2019-12-19Econometric and statistical methodsLabour marketsStaff Working Paper 2019-49https://www.bankofcanada.ca/wp-content/uploads/2019/12/swp2019-49.pdfOn the Evolution of Multiple Jobholding in CanadaOlena KostyshynaEtienne LaléDecember 2019EE2E24JJ2J21J22J6J60Furor over the Fed : Presidential Tweets and Central Bank Independence
https://www.bankofcanada.ca/2019/12/staff-analytical-note-2019-33/
We illustrate how market data can be informative about the interactions between monetary and fiscal policy. Federal funds futures are private contracts that reflect investor’s expectations about monetary policy decisions.2019-12-18T12:14:31+00:00enFuror over the Fed : Presidential Tweets and Central Bank Independence2019-12-18Model Uncertainty and Wealth Distribution
https://www.bankofcanada.ca/2019/12/staff-working-paper-2019-48/
This paper studies the implications of model uncertainty for wealth distribution in a tractable general equilibrium model with a borrowing constraint and robustness à la Hansen and Sargent (2008). Households confront model uncertainty about the process driving the return of the risky asset, and they choose robust policies.2019-12-17T08:29:50+00:00enModel Uncertainty and Wealth Distribution2019-12-17Asset pricingBusiness fluctuations and cyclesEconomic modelsStaff Working Paper 2019-48https://www.bankofcanada.ca/wp-content/uploads/2019/12/swp2019-48.pdfModel Uncertainty and Wealth DistributionEdouard DjeutemShaofeng XuDecember 2019DD3D8EE2CARR Meeting (December 16, 2019)
https://www.bankofcanada.ca/2019/12/carr-meeting-december-16-2019/
2019-12-16T13:42:23+00:00enCARR Meeting (December 16, 2019)2019-12-16