August 29, 2014
Quarterly Financial Report - Second Quarter 2014
Quarterly Financial Report - Second Quarter 2014 - For the period ended 30 June 2014
Uncategorized
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August 26, 2014
Bank of Canada Announces the Recipient of its 2014 Law Enforcement Award of Excellence for Counterfeit Deterrence
This award was established in 2004 to recognize the work of Canadians in the field of law enforcement in deterring and preventing the counterfeiting of Canada’s bank notes. -
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Global Inflation Dynamics in the Post-Crisis Period: What Explains the Twin Puzzle?
Inflation dynamics in advanced countries have produced two consecutive puzzles during the years after the global financial crisis. The first puzzle emerged when inflation rates over the period 2009-11 were consistently higher than expected, although economic slack in advanced countries reached its highest level in recent history. -
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Search Frictions, Financial Frictions and Labour Market Fluctuations in Emerging Markets
This paper examines the role of the extensive and intensive margins of labour input in the context of a business cycle model with a financial friction. We document significant variation in the hours worked per worker for many emerging-market economies. Both employment and hours worked per worker are positively correlated with each other and with output. -
Housework and Fiscal Expansions
We build an otherwise-standard business cycle model with housework, calibrated consistently with data on time use, in order to discipline consumption-hours complementarity and relate its strength to the size of fiscal multipliers. -
Competition in the Cryptocurrency Market
We analyze how network effects affect competition in the nascent cryptocurrency market. We do so by examining the changes over time in exchange rate data among cryptocurrencies.