Posts - Bank of Canada
https://www.bankofcanada.ca/rss-feeds/
Bank of Canada RSS Feedsen2024-03-29T13:29:11+00:002022 Annual Retrospective Newsletter
https://www.bankofcanada.ca/wp-content/uploads/2023/02/2022-annual-retrospective-newsletter.pdf
Starting this year, we will be using the January issue of our newsletter to look back at our research activities over the past year and to celebrate the achievements of our colleagues.2023-01-31T06:00:07+00:00en2022 Annual Retrospective Newsletter2023-01-31Introducing the Bank of Canada’s Market Participants Survey
https://www.bankofcanada.ca/2023/01/staff-analytical-note-2023-1/
The Market Participants Survey (MPS) gathers financial market participants’ expectations for key macroeconomic and financial variables and for monetary policy. This staff analytical note describes the MPS’s objectives and main features, its process and design, and how Bank of Canada staff use the results.2023-01-30T14:00:34+00:00enIntroducing the Bank of Canada’s Market Participants Survey2023-01-30Fiscal Stimulus and Skill Accumulation over the Life Cycle
https://www.bankofcanada.ca/2023/01/staff-working-paper-2023-9/
Using micro data from the U.S. Consumer Expenditure Survey and Current Population Survey, I document that government spending shocks affect individuals differently over the life cycle.2023-01-30T10:26:17+00:00enFiscal Stimulus and Skill Accumulation over the Life Cycle2023-01-30Business fluctuations and cyclesFiscal policyProductivityStaff Working Paper 2023-9https://www.bankofcanada.ca/wp-content/uploads/2023/01/swp2023-9.pdfFiscal Stimulus and Skill Accumulation over the Life CycleLaure SimonJanuary 2023DD1D12D15EE2E21E6E62JJ1J11J2J24Climate Variability and International Trade
https://www.bankofcanada.ca/2023/01/staff-working-paper-2023-8/
This paper quantifies the impact of hurricanes on seaborne international trade to the United States. Matching the timing of hurricane–trade route intersections with monthly U.S. port-level trade data, we isolate the unanticipated effects of a hurricane hitting a trade route using two separate identification schemes: an event study and a local projection.2023-01-30T10:17:33+00:00enClimate Variability and International Trade2023-01-30Climate changeInternational topicsStaff Working Paper 2023-8https://www.bankofcanada.ca/wp-content/uploads/2023/01/swp2023-8.pdfStaff Working Paper 2023-8Geoffrey R. DunbarWalter SteingressBen TomlinJanuary 2023CC2C22C5FF1F14F18QQ5Q54Stress Relief? Funding Structures and Resilience to the Covid Shock
https://www.bankofcanada.ca/2023/01/staff-working-paper-2023-7/
Funding structures affected the amount of financial stress different countries and sectors experienced during the spread of COVID-19 in early 2020. Policy responses targeting specific vulnerabilities were more effective at mitigating this stress than those supporting banks or the economy more broadly.2023-01-30T08:46:15+00:00enStress Relief? Funding Structures and Resilience to the Covid Shock2023-01-30Coronavirus disease (COVID-19)Exchange ratesFinancial institutionsFinancial stabilityFinancial system regulation and policiesInternational topicsStaff Working Paper 2023-7https://www.bankofcanada.ca/wp-content/uploads/2023/01/swp2023-7.pdfStress Relief? Funding Structures and Resilience to the Covid ShockKristin ForbesChristian FriedrichDennis ReinhardtJanuary 2023EE4E44E6E65FF3F31F36F4F42GG1G18G2G23G3G38CARR Meeting (January 30, 2023)
https://www.bankofcanada.ca/2023/01/carr-meeting-january-30-2023/
2023-01-30T07:10:24+00:00enCARR Meeting (January 30, 2023)2023-01-30Bank of Canada announces change to maximum bid rate for securities repo operations
https://www.bankofcanada.ca/2023/01/change-maximum-bid-securities-repo-operations/
The Bank of Canada is announcing a change to the pricing of the securities repo operations (SRO).2023-01-27T14:00:42+00:00enBank of Canada announces change to maximum bid rate for securities repo operations2023-01-27Risk Amplification Macro Model (RAMM)
https://www.bankofcanada.ca/2023/01/technical-report-123/
The Risk Amplification Macro Model (RAMM) is a new nonlinear two-country dynamic model that captures rare but severe adverse shocks. The RAMM can be used to assess the financial stability implications of both domestic and foreign-originated risk scenarios.2023-01-26T10:06:18+00:00enRisk Amplification Macro Model (RAMM)2023-01-26Business fluctuations and cyclesEconometric and statistical methodsFinancial stabilityMonetary policy transmissionTechnical Report 123https://www.bankofcanada.ca/wp-content/uploads/2023/01/tr123.pdfRisk Amplification Macro Model (RAMM)Kerem TuzcuogluJanuary 2023CC5C51EE3E37E4E44FF4F44(Un)Conventional Monetary and Fiscal Policy
https://www.bankofcanada.ca/2023/01/staff-working-paper-2023-6/
We build a tractable New Keynesian model to study and compare four types of monetary and fiscal policy: policy rate adjustments, quantitative easing, lump-sum fiscal transfers and government spending. We find that tax-financed fiscal policy is more stimulative than debt-financed policy, and optimal policy coordination needs at least two of these four policy instruments.2023-01-26T09:35:25+00:00en(Un)Conventional Monetary and Fiscal Policy2023-01-26Fiscal policyMonetary policyStaff Working Paper 2023-6https://www.bankofcanada.ca/wp-content/uploads/2023/01/swp2023-6.pdfStaff Working Paper 2023-6Jing Cynthia WuYinxi XieJanuary 2023EE4E6E61E62E63The 2021–22 Surge in Inflation
https://www.bankofcanada.ca/2023/01/staff-discussion-paper-2023-3/
The rise in inflation in 2021–22 sparked a growing literature and debate over the causes of the surge as well as the near- and medium-term path for inflation. This review offers three key messages.2023-01-26T09:16:42+00:00enThe 2021–22 Surge in Inflation2023-01-26Inflation and pricesInflation targetsMonetary policyStaff Discussion Paper 2023-3https://www.bankofcanada.ca/wp-content/uploads/2023/01/sdp2023-3.pdfStaff Discussion Paper 2023-3Oleksiy KryvtsovJames (Jim) C. MacGeeLuis UzedaJanuary 2023EE3E31E5E52E58