Posts - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T13:39:53+00:00Research Update - September 2021
https://www.bankofcanada.ca/wp-content/uploads/2021/10/monthly-research-newsletter-september-2021.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.2021-09-30T06:00:42+00:00enResearch Update - September 20212021-09-30More Money for Some: The Redistributive Effects of Open Market Operations
https://www.bankofcanada.ca/2021/09/staff-working-paper-2021-46/
I use a search-theoretic model of money to study how open market operations affect the conduct of monetary policy and what this means for households along the wealth distribution. In the model, households vary in the size and composition of their portfolios, which in turn implies that they may be unevenly affected by open market operations.2021-09-29T14:21:05+00:00enMore Money for Some: The Redistributive Effects of Open Market Operations2021-09-29Inflation and pricesMonetary policyMonetary policy implementationMonetary policy transmissionStaff Working Paper 2021-46https://www.bankofcanada.ca/wp-content/uploads/2021/09/swp2021-46.pdfStaff Working Paper 2021-46Christian BustamanteSeptember 2021EE2E21E3E32E5E52Covariates Hiding in the Tails
https://www.bankofcanada.ca/2021/09/staff-working-paper-2021-45/
We characterize the bias in cross-sectional Hill estimates caused by common underlying factors and propose two simple-to-implement remedies. To test for the presence, direction and size of the bias, we use monthly US stock returns and annual US Census county population data.2021-09-29T14:11:22+00:00enCovariates Hiding in the Tails2021-09-29Econometric and statistical methodsStaff Working Paper 2021-45https://www.bankofcanada.ca/wp-content/uploads/2021/09/swp2021-45.pdfStaff Working Paper 2021-45Milian BachemLerby ErgunCasper G. de VriesSeptember 2021CC0C01C1C14C5C58Debt Management Strategy Consultations – 2022-23
https://www.bankofcanada.ca/2021/09/debt-management-strategy-consultations-2022-23/
The Department of Finance and the Bank of Canada are seeking the views of government securities distributors, institutional investors, and other interested parties on issues related to the design and operation of the Government of Canada’s domestic debt program for 2022-23 and beyond.2021-09-28T16:15:33+00:00enDebt Management Strategy Consultations – 2022-232021-09-28CARR Meeting (September 27, 2021)
https://www.bankofcanada.ca/2021/09/carr-meeting-september-27-2021/
2021-09-27T10:26:31+00:00enCARR Meeting (September 27, 2021)2021-09-27Monitoring payment deferrals during the COVID-19 pandemic—update, July 2021
https://www.bankofcanada.ca/2021/09/monitoring-payment-deferrals-during-the-covid-19-pandemic-update-july-2021/
In the initial stages of the COVID-19 pandemic, Canada’s financial institutions allowed households to defer payments on a range of loans. With nearly all of these deferrals having expired, we provide a final update of how these loans have performed through to July 2021.2021-09-24T15:00:02+00:00enMonitoring payment deferrals during the COVID-19 pandemic—update, July 20212021-09-24A Q-Theory of Banks
https://www.bankofcanada.ca/2021/09/staff-working-paper-2021-44/
Using stock market data on banks, we show that the book value of loans recognizes losses with a delay. This delayed accounting is important for regulation because the requirements regulators impose are based on book values.2021-09-24T14:28:26+00:00enA Q-Theory of Banks2021-09-24Financial institutionsFinancial stabilityFinancial system regulation and policiesStaff Working Paper 2021-44https://www.bankofcanada.ca/wp-content/uploads/2021/09/swp2021-44.pdfStaff Working Paper 2021-44Juliane BeganauSaki BigioJeremy MajerovitzMatías VieyraSeptember 2021EE4E44GG2G21G3G32G33RPAC Meeting (September 23 and 24, 2021)
https://www.bankofcanada.ca/2021/09/rpac-meeting-september-23-24-2021/
Topics: Registration scope, registration process2021-09-23T14:00:00+00:00enRPAC Meeting (September 23 and 24, 2021)2021-09-23Advance provision of benchmark details for Government of Canada bond auctions
https://www.bankofcanada.ca/2021/09/advance-provision-benchmark-bond-auctions/
Effective immediately, the Bank of Canada, as fiscal agent to the Government of Canada, is announcing that benchmark details (maturity date) for Government of Canada bonds will now be published ahead of each fiscal quarter within its existing Quarterly Bond Schedule publications.2021-09-22T15:30:06+00:00enAdvance provision of benchmark details for Government of Canada bond auctions2021-09-22Can the characteristics of new mortgages predict borrowers’ financial stress? Insights from the 2014 oil price decline
https://www.bankofcanada.ca/2021/09/staff-analytical-note-2021-22/
We study the relationship between characteristics of new mortgages and borrowers’ financial stress in Canada’s energy-intensive regions following the 2014 collapse in oil prices. We find that borrowers with limited home equity were more likely to have difficulty repaying debt.2021-09-22T15:00:12+00:00enCan the characteristics of new mortgages predict borrowers’ financial stress? Insights from the 2014 oil price decline2021-09-22