Econometric and statistical methods - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T10:18:13+00:00Monetary 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 2019CC5C57C7C72C9C92On 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 2019EE2E24JJ2J21J22J6J602018 Merchant Acceptance Survey
https://www.bankofcanada.ca/2019/12/staff-analytical-note-2019-31/
In 2015, the Bank of Canada surveyed merchants and found that cash was nearly universally accepted (Fung, Huynh and Kosse 2017). Since 2015, retail payments in Canada have become increasingly digitalized, as many Canadians have adopted digital payment innovations like contactless cards and Interac e-Transfer.2019-12-11T07:23:38+00:00en2018 Merchant Acceptance Survey2019-12-11Extreme Downside Risk in Asset Returns
https://www.bankofcanada.ca/2019/12/staff-working-paper-2019-46/
Financial markets can experience sudden and extreme downward movements. Investors are highly concerned about the performance of their assets in such scenarios. Some assets perform badly in a downturn in the market; others have milder reactions.2019-12-06T09:33:41+00:00enExtreme Downside Risk in Asset Returns2019-12-06Asset pricingEconometric and statistical methodsStaff Working Paper 2019-46https://www.bankofcanada.ca/wp-content/uploads/2019/12/SWP2019-46.pdfExtreme Downside Risk in Asset ReturnsLerby ErgunDecember 2019CC1C14GG1G11G122018 Bitcoin Omnibus Survey: Awareness and Usage
https://www.bankofcanada.ca/2019/11/staff-discussion-paper-2019-10/
The Bank of Canada continues to use the Bitcoin Omnibus Survey (BTCOS) to monitor trends in Canadians’ awareness, ownership and use of Bitcoin. The most recent iteration was conducted in late 2018, following an 85 percent decline in the price of Bitcoin throughout the year.2019-11-05T11:27:10+00:00en2018 Bitcoin Omnibus Survey: Awareness and Usage2019-11-05Bank notesDigital currencies and fintechEconometric and statistical methodsStaff Discussion Paper 2019-10https://www.bankofcanada.ca/wp-content/uploads/2019/11/sdp2019-10.pdf2018 Bitcoin Omnibus Survey: Awareness and UsageChristopher HenryKim HuynhGradon NichollsMitchell NicholsonNovember 2019CC1C12EE4OO5O51No Double Standards: Quantifying the Impact of Standard Harmonization on Trade
https://www.bankofcanada.ca/2019/09/staff-working-paper-2019-36/
Product standards are omnipresent in industrialized societies. Though standardization can be beneficial for domestic producers, divergent product standards have been categorized as a major obstacle to international trade. This paper quantifies the effect of standard harmonization on trade flows and characterizes the extent to which it changes the cost and demand structure of exporting.2019-09-12T09:24:50+00:00enNo Double Standards: Quantifying the Impact of Standard Harmonization on Trade2019-09-12Econometric and statistical methodsInternational topicsStaff Working Paper 2019-36https://www.bankofcanada.ca/wp-content/uploads/2019/09/swp2019-36.pdfNo Double Standards: Quantifying the Impact of Standard Harmonization on TradeJulia SchmidtWalter SteingressSeptember 2019FF1F13F14F15LL1L15The Intergenerational Correlation of Employment: Is There a Role for Work Culture?
https://www.bankofcanada.ca/2019/09/staff-working-paper-2019-33/
We document a substantial positive correlation of employment status between mothers and their children in the United States, linking data from the National Longitudinal Survey of Youth 1979 (NLSY79) and the NLSY79 Children and Young Adults. After controlling for ability, education and wealth, a one-year increase in a mother’s employment is associated with six weeks more employment of her child on average.2019-09-05T13:25:53+00:00enThe Intergenerational Correlation of Employment: Is There a Role for Work Culture?2019-09-05Econometric and statistical methodsEconomic modelsLabour marketsStaff Working Paper 2019-33https://www.bankofcanada.ca/wp-content/uploads/2019/09/swp2019-33.pdfThe Intergenerational Correlation of Employment: Is There a Role for Work Culture?Gabriela GalassiDavid KollLukas MayrSeptember 2019EE2E24JJ2J21J22J6J62Explaining the Interplay Between Merchant Acceptance and Consumer Adoption in Two-Sided Markets for Payment Methods
https://www.bankofcanada.ca/2019/08/staff-working-paper-2019-32/
Recent consumer and merchant surveys show a decrease in the use of cash at the point of sale. Increasingly, consumers and merchants have access to a growing array of payment innovations as substitutes for cash.2019-08-27T15:45:06+00:00enExplaining the Interplay Between Merchant Acceptance and Consumer Adoption in Two-Sided Markets for Payment Methods2019-08-27Bank notesDigital currencies and fintechEconometric and statistical methodsFinancial servicesStaff Working Paper 2019-32https://www.bankofcanada.ca/wp-content/uploads/2019/08/swp2019-32.pdfExplaining the Interplay Between Merchant Acceptance and Consumer Adoption in Two-Sided Markets for Payment MethodsKim HuynhGradon NichollsOleksandr ShcherbakovAugust 2019CC5C51LL1L13L15L8L81L9L96Resolving Failed Banks: Uncertainty, Multiple Bidding & Auction Design
https://www.bankofcanada.ca/2019/08/staff-working-paper-2019-30/
Bank resolution is costly. In the United States, the Federal Deposit Insurance Corporation (FDIC) typically resolves failing banks by auction.2019-08-23T09:07:34+00:00enResolving Failed Banks: Uncertainty, Multiple Bidding & Auction Design2019-08-23Econometric and statistical methodsFinancial institutionsStaff Working Paper 2019-30https://www.bankofcanada.ca/wp-content/uploads/2019/08/swp2019-30.pdfResolving Failed Banks: Uncertainty, Multiple Bidding & Auction DesignJason AllenRobert ClarkBrent HickmanEric RichertAugust 2019CC5C57DD4D44GG2G21Tail Index Estimation: Quantile-Driven Threshold Selection
https://www.bankofcanada.ca/2019/08/staff-working-paper-2019-28/
The most extreme events, such as economic crises, are rare but often have a great impact. It is difficult to precisely determine the likelihood of such events because the sample is small.2019-08-02T10:52:22+00:00enTail Index Estimation: Quantile-Driven Threshold Selection2019-08-02Econometric and statistical methodsFinancial stabilityStaff Working Paper 2019-28https://www.bankofcanada.ca/wp-content/uploads/2019/08/swp2019-28.pdfTail Index Estimation: Quantile-Driven Threshold SelectionJon DanielssonLerby ErgunCasper G. de VriesLaurens de HaanAugust 2019CC0C01C1C14C5C58