Research - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T18:58:35+00:00Bitcoin Awareness, Ownership and Use: 2016–20
https://www.bankofcanada.ca/2022/04/staff-discussion-paper-2022-10/
In this paper, we examine trends in Canadian ownership of Bitcoin and other cryptocurrencies from 2016 to 2020 using data from surveys conducted by the Bank of Canada.2022-04-19T09:14:16+00:00enBitcoin Awareness, Ownership and Use: 2016–202022-04-19Bank notesDigital currencies and fintechEconometric and statistical methodsStaff Discussion Paper 2022-10https://www.bankofcanada.ca/wp-content/uploads/2022/04/sdp2022-10.pdfBitcoin Awareness, Ownership and Use: 2016–20Daniela BalutelMarie-Hélène FeltGradon NichollsMarcel VoiaApril 2022CC1C12EE4OO5O51Uncertainty and Monetary Policy Experimentation: Empirical Challenges and Insights from Academic Literature
https://www.bankofcanada.ca/2022/04/staff-discussion-paper-2022-9/
Central banks face considerable uncertainty when conducting monetary policy. The COVID-19 pandemic brought this issue back to the forefront of policy discussions. We draw from academic literature to review key sources of uncertainty and how they affect the conduct of monetary policy.2022-04-18T08:28:26+00:00enUncertainty and Monetary Policy Experimentation: Empirical Challenges and Insights from Academic Literature2022-04-18Central bank researchMonetary policy and uncertaintyPotential outputStaff Discussion Paper 2022-9https://www.bankofcanada.ca/wp-content/uploads/2022/04/sdp2022-9.pdfUncertainty and Monetary Policy Experimentation: Empirical Challenges and Insights from Academic LiteratureMatteo CacciatoreDmitry MatveevRodrigo SekkelApril 2022EE3E5Cash and COVID-19: What happened in 2021
https://www.bankofcanada.ca/2022/04/staff-discussion-paper-2022-8/
Using data from the Bank Note Distribution System and consumer surveys, we find that bank notes in circulation remained high through 2021. Canadians continued to rely on electronic methods of payment, but a significant share also continued using cash for payments.2022-04-14T12:24:16+00:00enCash and COVID-19: What happened in 20212022-04-14Bank notesCentral bank researchCoronavirus disease (COVID-19)Digital currencies and fintechEconometric and statistical methodsStaff Discussion Paper 2022-8https://www.bankofcanada.ca/wp-content/uploads/2022/04/sdp2022-8.pdfCash and COVID-19: What happened in 2021Heng ChenWalter EngertKim HuynhDaneal O’HabibJoy WuJulia ZhuApril 2022CC1C12C9EE4OO5O54Assessing global potential output growth and the US neutral rate: April 2022
https://www.bankofcanada.ca/2022/04/staff-analytical-note-2022-4/
We expect global potential output growth to increase from 2.7% in 2021 to 2.9% by 2024. Compared with the April 2021 assessment, global potential output growth is marginally slower. The current range for the US neutral rate is 2% to 3%, 0.25 percentage points higher than staff’s last assessment.2022-04-13T14:09:59+00:00enAssessing global potential output growth and the US neutral rate: April 20222022-04-13Potential output and the neutral rate in Canada: 2022 reassessment
https://www.bankofcanada.ca/2022/04/staff-analytical-note-2022-3/
We expect potential output growth to be lower in 2021 than anticipated in the April 2021 assessment. By 2025, growth is expected to reach 2.3%. We assess that the Canadian nominal neutral rate increased slightly to lie in the range of 2.00% to 3.00%.2022-04-13T14:07:41+00:00enPotential output and the neutral rate in Canada: 2022 reassessment2022-04-13Benchmarks for assessing labour market health
https://www.bankofcanada.ca/2022/04/staff-analytical-note-2022-2/
We propose a range of benchmarks for assessing labour market strength for monetary policy. This work builds on a previous framework that considers how diverse and segmented the labour market is. We apply these benchmarks to the Canadian labour market and find that it has more than recovered from the COVID-19 shock.2022-04-13T14:04:42+00:00enBenchmarks for assessing labour market health2022-04-13Exports and the Exchange Rate: A General Equilibrium Perspective
https://www.bankofcanada.ca/2022/04/staff-working-paper-2022-18/
How do a country’s exports change when its currency depreciates? Does it matter which forces drive the exchange rate deprecation in the first place? We find that this relationship varies greatly depending on what drives exchange rate movements, and we conclude that the direct relationship between the exchange rate and exports is weak for Canada.2022-04-04T14:42:27+00:00enExports and the Exchange Rate: A General Equilibrium Perspective2022-04-04Balance of payments and componentsBusiness fluctuations and cyclesExchange rate regimesExchange ratesInternational topicsMonetary policy transmissionTrade integrationStaff Working Paper 2022-18https://www.bankofcanada.ca/wp-content/uploads/2022/04/swp2022-18.pdfExports and the Exchange Rate: A General Equilibrium PerspectivePatrick AlexanderAbeer RezaApril 2022FF3F31F32F33F4F41What COVID-19 May Leave Behind: Technology-Related Job Postings in Canada
https://www.bankofcanada.ca/2022/04/staff-working-paper-2022-17/
COVID-19 affects technology adoption: online job postings for technology-related occupations fall less during pandemic lockdowns and pick up faster during reopenings than postings for more traditional occupations.2022-04-04T14:14:59+00:00enWhat COVID-19 May Leave Behind: Technology-Related Job Postings in Canada2022-04-04Coronavirus disease (COVID-19)Econometric and statistical methodsLabour marketsStaff Working Paper 2022-17https://www.bankofcanada.ca/wp-content/uploads/2022/04/swp2022-17.pdfWhat COVID-19 May Leave Behind: Technology-Related Job Postings in CanadaAlejandra BellatinGabriela GalassiApril 2022JJ2J23J24OO1O14Addictive Platforms
https://www.bankofcanada.ca/2022/04/staff-working-paper-2022-16/
We study competition for consumer attention, in which platforms can sacrifice service quality for attention. A platform can choose the “addictiveness” of its service.2022-04-04T11:18:35+00:00enAddictive Platforms2022-04-04Economic modelsStaff Working Paper 2022-16https://www.bankofcanada.ca/wp-content/uploads/2022/04/swp2022-16.pdfAddictive PlatformsShota IchihashiByung-Cheol KimApril 2022DD4D40LL5L51Contribution of Human Capital Accumulation to Canadian Economic Growth
https://www.bankofcanada.ca/2022/04/staff-discussion-paper-2022-7/
This paper quantifies the contribution of human capital accumulation to the growth of real gross domestic product (GDP) in Canada.2022-04-01T14:53:39+00:00enContribution of Human Capital Accumulation to Canadian Economic Growth2022-04-01Econometric and statistical methodsLabour marketsPotential outputProductivityStaff Discussion Paper 2022-7https://www.bankofcanada.ca/wp-content/uploads/2022/04/sdp2022-7.pdfStaff Discussion Paper 2022-7Audra BowlusYoungmin ParkChris RobinsonApril 2022DD2D24EE2E24JJ2J24J3J31OO4O47