Kurt See - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T21:02:49+00:00Uncovering the Differences Among Displaced Workers: Evidence from Canadian Job Separation Records
https://www.bankofcanada.ca/2023/10/staff-working-paper-2023-55/
We revisit the measurement of the sources and consequences of job displacement using Canadian job separation records.2023-10-27T10:08:52+00:00enUncovering the Differences Among Displaced Workers: Evidence from Canadian Job Separation Records2023-10-27Labour marketsPotential outputProductivityStaff Working Paper 2023-55https://www.bankofcanada.ca/wp-content/uploads/2023/10/swp2023-55.pdfUncovering the Differences Among Displaced Workers: Evidence from Canadian Job Separation RecordsSerdar BirinciYoungmin ParkThomas PughKurt SeeOctober 2023EE2E24E3E32JJ3J31J6J63J65Labor Market Shocks and Monetary Policy
https://www.bankofcanada.ca/2023/10/staff-working-paper-2023-52/
We develop a heterogeneous-agent New Keynesian model featuring a frictional labor market with on-the-job search to quantitatively study the positive and normative implications of employer-to-employer transitions for inflation.2023-10-05T14:31:46+00:00enLabor Market Shocks and Monetary Policy2023-10-05Business fluctuations and cyclesInflation and pricesLabour marketsMonetary policyStaff Working Paper 2023-52https://www.bankofcanada.ca/wp-content/uploads/2023/10/swp2023-52.pdfStaff Working Paper 2023-52Serdar BirinciFatih KarahanYusuf MercanKurt SeeOctober 2023EE1E12E2E24E5E52JJ3J31J6J62J64Benchmarks for assessing labour market health: 2023 update
https://www.bankofcanada.ca/2023/05/staff-analytical-note-2023-7/
We enhance benchmarks for assessing strength in the Canadian labour market. We find the labour market remains tight despite recent strong increases in labour supply, including among prime-working-age women. We also assess the anticipated easing in labour conditions in a context of high population growth.2023-05-29T10:01:05+00:00enBenchmarks for assessing labour market health: 2023 update2023-05-29Benchmarks 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 health2022-04-13Heterogeneity and Monetary Policy: A Thematic Review
https://www.bankofcanada.ca/2022/02/staff-discussion-paper-2022-2/
The theory that rich economic diversity of businesses and households both affects and is shaped by economy-wide fluctuations has strong implications for monetary policy. This review places these insights in a Canadian context.2022-02-02T09:25:14+00:00enHeterogeneity and Monetary Policy: A Thematic Review2022-02-02Economic modelsMonetary policy and uncertaintyMonetary policy transmissionStaff Discussion Paper 2022-2https://www.bankofcanada.ca/wp-content/uploads/2022/02/sdp2022-2.pdfHeterogeneity and Monetary Policy: A Thematic ReviewFelipe AlvesChristian BustamanteXing GuoKatya KartashovaSoyoung LeeThomas Michael PughKurt SeeYaz TerajimaAlexander UeberfeldtFebruary 2022DD2D25D3D31EE2E22E24E5E50E52Job Applications and Labour Market Flows
https://www.bankofcanada.ca/2021/10/staff-working-paper-2021-49/
Although the number of job applications has risen, job-finding rates remain relatively unchanged while job-separation rates have significantly declined. Rather than raising the probability of finding a job, we find that a rise in applications raises the probability of finding a good match, as evidenced by the decline in separation rates.2021-10-12T15:46:40+00:00enJob Applications and Labour Market Flows2021-10-12Labour marketsProductivityStaff Working Paper 2021-49https://www.bankofcanada.ca/wp-content/uploads/2021/10/swp2021-49.pdfStaff Working Paper 2021-49Serdar BirinciKurt SeeShu Lin WeeOctober 2021EE2E24JJ6J63J64Assessing Labour Market Slack for Monetary Policy
https://www.bankofcanada.ca/2021/10/staff-discussion-paper-2021-15/
Measuring labour market slack is essential for central banks: without full employment in the economy, inflation will not stay close to target. We propose a comprehensive approach to assessing labour market slack that reflects the complexity and diversity of the labour market.2021-10-06T10:00:14+00:00enAssessing Labour Market Slack for Monetary Policy2021-10-06Business fluctuations and cyclesCoronavirus disease (COVID-19)Econometric and statistical methodsLabour marketsMonetary policyErik EnsLaurence Savoie-ChabotKurt SeeShu Lin WeeOctober 2021EE2E24JJ2J21J6Exploring the potential benefits of inflation overshooting
https://www.bankofcanada.ca/2021/07/staff-analytical-note-2021-16/
After a period with the interest rate at the effective lower bound, temporarily overshooting inflation may offer important economic benefits. This may be especially true for vulnerable segments of the population, such as workers with low attachment to the labour force and the long-term unemployed.2021-07-20T09:26:46+00:00enExploring the potential benefits of inflation overshooting2021-07-20Labor Market Policies During an Epidemic
https://www.bankofcanada.ca/2020/12/staff-working-paper-2020-54/
We study the labour market and welfare effects of expanding unemployment insurance benefits and introducing payroll subsidies during the COVID-19 pandemic. We find that both policies are complementary and are beneficial to different types of workers. Payroll subsidies preserve the employment of workers in highly productive jobs, while unemployment insurance replaces lost income for workers who experience inevitable job loss.2020-12-16T08:59:45+00:00enLabor Market Policies During an Epidemic2020-12-16Business fluctuations and cyclesCoronavirus disease (COVID-19)Fiscal policyLabour marketsStaff Working Paper 2020-54https://www.bankofcanada.ca/wp-content/uploads/2020/12/swp2020-54.pdfStaff Working Paper 2020-54Serdar BirinciFatih KarahanYusuf MercanKurt SeeDecember 2020EE2E24E6E62JJ6J64The Heterogeneous Effects of COVID-19 on Canadian Household Consumption, Debt and Savings
https://www.bankofcanada.ca/2020/11/staff-working-paper-2020-51/
The impact of COVID-19 on Canadian households’ debt and unplanned savings varies by household income. Low-income and high-income households accrued unplanned savings, while middle-income households tended to accumulate more debt.2020-11-27T10:28:16+00:00enThe Heterogeneous Effects of COVID-19 on Canadian Household Consumption, Debt and Savings2020-11-27Business fluctuations and cyclesCoronavirus disease (COVID-19)Financial stabilityStaff Working Paper 2020-51https://www.bankofcanada.ca/wp-content/uploads/2020/11/swp2020-51.pdfThe Heterogeneous Effects of COVID-19 on Canadian Household Consumption, Debt and SavingsJames (Jim) C. MacGeeThomas Michael PughKurt SeeNovember 2020EE2E21E24GG5G51