Geoffrey R. Dunbar - Latest - Bank of Canada
https://www.bankofcanada.ca/rss-feeds/
Bank of Canada RSS Feedsen2024-03-28T20:34:09+00:00Climate 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 2023CC2C22C5FF1F14F18QQ5Q54Are Temporary Oil Supply Shocks Real?
https://www.bankofcanada.ca/2022/12/staff-working-paper-2022-52/
Hurricanes disrupt oil production in the Gulf of Mexico because producers shut in oil platforms to safeguard lives and prevent damage. We examine the effects of these temporary oil supply shocks on real economic activity in the United States.2022-12-20T14:27:55+00:00enAre Temporary Oil Supply Shocks Real?2022-12-20Business fluctuations and cyclesInflation and pricesStaff Working Paper 2022-52https://www.bankofcanada.ca/wp-content/uploads/2022/12/swp2022-52.pdfAre Temporary Oil Supply Shocks Real?Johan BrannlundGeoffrey R. DunbarReinhard EllwangerDecember 2022EE3E31E32QQ3Q31Q4Q41Q43Weather the Storms? Hurricanes, Technology and Oil Production
https://www.bankofcanada.ca/2022/08/staff-working-paper-2022-36/
Do technological improvements mitigate the potential damages from extreme weather events? We show that hurricanes lower offshore oil production in the Gulf of Mexico and that stronger storms have larger impacts. Regulations enacted in 1980 that required improved offshore construction standards only modestly mitigated the production losses.2022-08-09T11:48:11+00:00enWeather the Storms? Hurricanes, Technology and Oil Production2022-08-09Business fluctuations and cyclesClimate changePotential outputStaff Working Paper 2022-36https://www.bankofcanada.ca/wp-content/uploads/2022/08/swp2022-36.pdfWeather the Storms? Hurricanes, Technology and Oil ProductionJohan BrannlundGeoffrey R. DunbarReinhard EllwangerMatthew KrutkiewiczAugust 2022CC2C22C23QQ4Q40Q48Q5Q54Uncovered Return Parity: Equity Returns and Currency Returns
https://www.bankofcanada.ca/2018/05/staff-working-paper-2018-22/
We propose an uncovered expected returns parity (URP) condition for the bilateral spot exchange rate. URP implies that unilateral exchange rate equations are misspecified and that equity returns also affect exchange rates. Fama regressions provide evidence that URP is statistically preferred to uncovered interest rate parity (UIP) for nominal bilateral exchange rates between the US dollar and six countries (Australia, Canada, Japan, Norway, Switzerland and the UK) at the monthly frequency.2018-05-14T14:47:01+00:00enUncovered Return Parity: Equity Returns and Currency Returns2018-05-14Asset pricingExchange ratesInternational financial marketsStaff Working Paper 2018-22https://www.bankofcanada.ca/wp-content/uploads/2018/05/swp2018-22.pdfUncovered Return Parity: Equity Returns and Currency ReturnsEdouard DjeutemGeoffrey R. DunbarMay 2018EE4E43FF3F31GG1G15The (Un)Demand for Money in Canada
https://www.bankofcanada.ca/2018/05/staff-working-paper-2018-20/
A novel dataset from the Bank of Canada is used to estimate the deposit functions for banknotes in Canada for three denominations: $1,000, $100 and $50. The broad flavour
of the empirical findings is that denominations are different monies, and the structural estimates identify the underlying sources of the non-neutrality.2018-05-10T14:08:48+00:00enThe (Un)Demand for Money in Canada2018-05-10Bank notesEconometric and statistical methodsStaff Working Paper 2018-20https://www.bankofcanada.ca/wp-content/uploads/2018/05/swp2018-20.pdfThe (Un)Demand for Money in CanadaCasey JonesGeoffrey R. DunbarMay 2018CC3C31C36EE4E41Identification of Random Resource Shares in Collective Households Without Preference Similarity Restrictions
https://www.bankofcanada.ca/2017/10/staff-working-paper-2017-45/
Resource shares, defined as the fraction of total household spending going to each person in a household, are important for assessing individual material well-being, inequality and poverty. They are difficult to identify because consumption is measured typically at the household level, and many goods are jointly consumed, so that individual-level consumption in multi-person households is not directly observed.2017-10-27T10:19:29+00:00enIdentification of Random Resource Shares in Collective Households Without Preference Similarity Restrictions2017-10-27Domestic demand and componentsEconometric and statistical methodsStaff Working Paper 2017-45https://www.bankofcanada.ca/wp-content/uploads/2017/10/swp2017-45.pdfIdentification of Random Resource Shares in Collective Households Without Preference Similarity RestrictionsGeoffrey R. DunbarArthur LewbelKrishna PendakurOctober 2017CC3C31DD1D11D12D13II3I32The Mode is the Message: Using Predata as Exclusion Restrictions to Evaluate Survey Design
https://www.bankofcanada.ca/2017/10/staff-working-paper-2017-43/
Changes in survey mode (e.g., online, offline) may influence the values of survey responses, and may be particularly problematic when comparing repeated cross-sectional surveys.2017-10-10T09:51:56+00:00enThe Mode is the Message: Using Predata as Exclusion Restrictions to Evaluate Survey Design2017-10-10Econometric and statistical methodsStaff Working Paper 2017-43https://www.bankofcanada.ca/wp-content/uploads/2017/10/swp2017-43.pdfThe Mode is the Message: Using Predata as Exclusion Restrictions to Evaluate Survey DesignHeng ChenGeoffrey R. DunbarRallye ShenOctober 2017CC8Sheltered Income: Estimating Income Under-Reporting in Canada, 1998 and 2004
https://www.bankofcanada.ca/2015/06/working-paper-2015-22/
We use data from the Survey of Financial Security and the Survey of Household Spending to estimate the incidence and extent of income under-reporting in Canada in 1998 and 2004. We estimate that the proportion of households under-reporting income is roughly 35 to 50 per cent in both years.2015-06-26T10:48:01+00:00enSheltered Income: Estimating Income Under-Reporting in Canada, 1998 and 20042015-06-26Domestic demand and componentsWorking Paper 2015-22https://www.bankofcanada.ca/wp-content/uploads/2015/06/wp2015-22.pdfSheltered Income: Estimating Income Under-Reporting in Canada, 1998 and 2004Geoffrey R. DunbarChunling FuJune 2015HH2H26II3I32KK4K42Demographics and the Demand for Currency
https://www.bankofcanada.ca/2014/12/working-paper-2014-59/
I use data from the Bank of Canada’s Bank Note Distribution System and exploit a natural experiment offered by the timing of Easter in the Gregorian calendar to analyze the effects of demographic change for currency demand.2014-12-22T15:47:53+00:00enDemographics and the Demand for Currency2014-12-22Bank notesEconometric and statistical methodsWorking Paper 2014-59https://www.bankofcanada.ca/wp-content/uploads/2014/12/wp2014-59.pdfDemographics and the Demand for CurrencyGeoffrey R. DunbarDecember 2014CC3C31C36EE4E41