Research - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T21:21:40+00:00Turning Words into Numbers: Measuring News Media Coverage of Shortages
https://www.bankofcanada.ca/2023/03/staff-discussion-paper-2023-8/
We develop high-frequency, news-based indicators using natural language processing methods to analyze news media texts. Our indicators track both supply (raw, intermediate and final goods) and labour shortages over time. They also provide weekly time-varying topic narratives about various types of shortages.2023-03-31T13:55:17+00:00enTurning Words into Numbers: Measuring News Media Coverage of Shortages2023-03-31Coronavirus disease (COVID-19)Econometric and statistical methodsMonetary policy and uncertaintyRecent economic and financial developmentsStaff Discussion Paper 2023-8https://www.bankofcanada.ca/wp-content/uploads/2023/03/sdp2023-8.pdfStaff Discussion Paper 2023-8Lin ChenStephanie HouleMarch 2023CC5C55C8C82EE3E37What Consistent Responses on Future Inflation by Consumers Can Reveal
https://www.bankofcanada.ca/2023/03/staff-discussion-paper-2023-7/
We analyze factors that may explain consistent answers to questions about inflation expectations in the Canadian Survey of Consumer Expectations. We also compare the inflation forecasts of consumers with consistent responses with those of professional forecasters.2023-03-31T13:09:50+00:00enWhat Consistent Responses on Future Inflation by Consumers Can Reveal2023-03-31Central bank researchInflation and pricesStaff Discussion Paper 2023-7https://www.bankofcanada.ca/wp-content/uploads/2023/03/sdp2023-7.pdfStaff Discussion Paper 2023-7Sarah MillerPatrick SabourinMarch 2023DD8D80D84EE3E31Supply Drivers of US Inflation Since the COVID-19 Pandemic
https://www.bankofcanada.ca/2023/03/staff-working-paper-2023-19/
This paper examines the contribution of several supply factors to US headline inflation since the start of the COVID-19 pandemic. We identify six supply shocks using a structural VAR model: labor supply, labor productivity, global supply chain, oil price, price mark-up and wage mark-up shocks.2023-03-31T13:04:01+00:00enSupply Drivers of US Inflation Since the COVID-19 Pandemic2023-03-31Business fluctuations and cyclesEconometric and statistical methodsInflation and pricesStaff Working Paper 2023-19https://www.bankofcanada.ca/wp-content/uploads/2023/03/swp2023-19.pdfStaff Working Paper 2023-19Serdar KabacaKerem TuzcuogluMarch 2023CC3C32EE3E31E32Central Bank Forecasting: A Survey
https://www.bankofcanada.ca/2023/03/staff-working-paper-2023-18/
We review the literature on central bank forecasting with a special focus on the Federal Reserve, European Central Bank, Bank of England and Bank of Canada.2023-03-31T08:24:55+00:00enCentral Bank Forecasting: A Survey2023-03-31Monetary policyStaff Working Paper 2023-18https://www.bankofcanada.ca/wp-content/uploads/2023/03/swp2023-18.pdfStaff Working Paper 2023-18Carola Conces BinderRodrigo SekkelMarch 2023EE4E47E5E52E58A Review of the Bank of Canada’s Market Operations Related to COVID-19
https://www.bankofcanada.ca/2023/03/staff-discussion-paper-2023-6/
This paper reviews the range of extraordinary programs launched by the Bank of Canada in response to the pandemic-related financial market disruption. It provides some recommendations for future interventions to ensure the programs are appropriately structured for the financial and economic stresses they are intended to address.2023-03-29T12:30:11+00:00enA Review of the Bank of Canada’s Market Operations Related to COVID-192023-03-29Coronavirus disease (COVID-19)Financial marketsFinancial stabilityStaff Discussion Paper 2023-6https://www.bankofcanada.ca/wp-content/uploads/2023/03/sdp2023-6.pdfStaff Discussion Paper 2023-6Grahame JohnsonMarch 2023DD4D47EE4E41E5GG0G01G1G14G2G21G23HH1H12Persistent Debt and Business Cycles in an Economy with Production Heterogeneity
https://www.bankofcanada.ca/2023/03/staff-working-paper-2023-17/
We examine the role of debt in amplifying and propagating recessions. Firms’ debt adjustment makes recessions deeper but makes expansions gradual. In particular, when the aggregate business leverage is ten percentage points above average, the half-life of the recovery doubles.2023-03-13T13:09:10+00:00enPersistent Debt and Business Cycles in an Economy with Production Heterogeneity2023-03-13Business fluctuations and cyclesFirm dynamicsProductivityStaff Working Paper 2023-17https://www.bankofcanada.ca/wp-content/uploads/2023/03/swp2023-17.pdfStaff Working Paper 2023-17Aubhik KhanSoyoung LeeMarch 2023EE2E23E3E30E32Cost Pass-Through with Capacity Constraints and International Linkages
https://www.bankofcanada.ca/2023/03/staff-working-paper-2023-16/
How are regional cost shocks passed through into global prices? We investigate the role of short-run capacity constraints and show that they can induce stark non-linearities in the pass-through. We highlight this effect for the market for ammonia, a commodity produced largely from natural gas.2023-03-10T09:52:52+00:00enCost Pass-Through with Capacity Constraints and International Linkages2023-03-10Climate changeEconometric and statistical methodsInflation and pricesInternational topicsStaff Working Paper 2023-16https://www.bankofcanada.ca/wp-content/uploads/2023/03/swp2023-16.pdfCost Pass-Through with Capacity Constraints and International LinkagesReinhard EllwangerHinnerk GnutzmannPiotr ŚpiewanowskiMarch 2023LL1L13L6L65QQ4Q40Q5Q54