C8 - Data Collection and Data Estimation Methodology; Computer Programs - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T14:29:09+00:00COVID-19 Hasn’t Killed Merchant Acceptance of Cash: Results from the 2023 Merchant Acceptance Survey
https://www.bankofcanada.ca/2024/03/staff-discussion-paper-2024-2/
The Bank of Canada’s Merchant Acceptance Survey finds that 96% of small and medium-sized businesses in Canada accepted cash in 2023. Acceptance of debit and credit cards has increased to 89%, and acceptance of digital payments has also increased. However, Canada is far from being a cashless society.2024-03-25T12:20:03+00:00enCOVID-19 Hasn’t Killed Merchant Acceptance of Cash: Results from the 2023 Merchant Acceptance Survey2024-03-25Bank notesDigital currencies and fintechEconometric and statistical methodsStaff Discussion Paper 2024-2https://www.bankofcanada.ca/wp-content/uploads/2024/03/sdp2024-2.pdfCOVID-19 Hasn’t Killed Merchant Acceptance of Cash: Results from the 2023 Merchant Acceptance SurveyAngelika WelteKatrina TalaveraLiang WangJoy WuMarch 2024CC8DD2D22EE4LL2Flood risk and residential lending
https://www.bankofcanada.ca/2024/01/flood-risk-and-residential-lending/
We present key findings of a recent study that evaluates the credit risk that flooding poses to the residential lending activities of Canadian banks and credit unions. Results show that such risk currently appears modest but could become larger with climate change.2024-01-15T15:00:26+00:00enFlood risk and residential lending2024-01-15Climate-Related Flood Risk to Residential Lending Portfolios in Canada
https://www.bankofcanada.ca/2023/12/staff-discussion-paper-2023-33/
We assess the potential financial risks of current and projected flooding caused by extreme weather events in Canada. We focus on the residential real estate secured lending (RESL) portfolios of Canadian financial institutions (FIs) because RESL portfolios are an important component of FIs’ balance sheets and because the assets used to secure such loans are immobile and susceptible to climate-related extreme weather events.2023-12-20T15:56:24+00:00enClimate-Related Flood Risk to Residential Lending Portfolios in Canada2023-12-20Central bank researchClimate changeCredit risk managementEconometric and statistical methodsFinancial institutionsFinancial stabilityStaff Discussion Paper 2023-33https://www.bankofcanada.ca/wp-content/uploads/2023/12/sdp2023-33.pdfClimate-Related Flood Risk to Residential Lending Portfolios in CanadaCraig JohnstonGeneviève ValléeHossein HosseiniBrett LindsayMiguel MolicoMarie-Christine TremblayAidan WittsDecember 2023CC8C81GG2G21QQ5Q54Identifying Nascent High-Growth Firms Using Machine Learning
https://www.bankofcanada.ca/2023/10/staff-working-paper-2023-53/
Firms that grow rapidly have the potential to usher in new innovations, products or processes (Kogan et al. 2017), become superstar firms (Haltiwanger et al. 2013) and impact the aggregate labour share (Autor et al. 2020; De Loecker et al. 2020). We explore the use of supervised machine learning techniques to identify a population of nascent high-growth firms using Canadian administrative firm-level data.2023-10-16T15:24:11+00:00enIdentifying Nascent High-Growth Firms Using Machine Learning2023-10-16Econometric and statistical methodsFirm dynamicsStaff Working Paper 2023-53https://www.bankofcanada.ca/wp-content/uploads/2023/10/swp2023-53.pdfIdentifying Nascent High-Growth Firms Using Machine LearningStephanie HouleRyan MacdonaldOctober 2023CC5C55C8C81LL2L25Digitalization: Implications for Monetary Policy
https://www.bankofcanada.ca/2023/08/staff-discussion-paper-2023-18/
We explore the implications of digitalization for monetary policy, both in terms of how monetary policy affects the economy and in terms of data analysis and communication with the public.2023-08-15T12:03:16+00:00enDigitalization: Implications for Monetary Policy2023-08-15DigitalizationInflation and pricesMarket structure and pricingMonetary policyMonetary policy communicationsMonetary policy transmissionStaff Discussion Paper 2023-18https://www.bankofcanada.ca/wp-content/uploads/2023/08/sdp2023-18.pdfStaff Discussion Paper 2023-18Vivian ChuTatjana DahlhausChristopher HajzlerPierre-Yves YanniAugust 2023CC4C8EE3E31E32E5E52Cryptoasset Ownership and Use in Canada: An Update for 2022
https://www.bankofcanada.ca/2023/07/staff-discussion-paper-2023-14/
We find that Bitcoin ownership declined from 13% in 2021 to 10% in 2022. This drop occurred against a background of steep price declines and an increasingly tight regulatory atmosphere.2023-07-26T13:38:30+00:00enCryptoasset Ownership and Use in Canada: An Update for 20222023-07-26Bank notesDigital currencies and fintechEconometric and statistical methodsStaff Discussion Paper 2023-14https://www.bankofcanada.ca/wp-content/uploads/2023/07/sdp2023-14.pdfStaff Discussion Paper 2023-14Daniela BalutelChristopher HenryDoina RusuJuly 2023CC8C81EE4OO5O51Why Consumers Disagree About Future Inflation
https://www.bankofcanada.ca/2023/06/staff-discussion-paper-2023-11/
Since 2022, consumer inflation expectations have shifted, with a significant increase in those expecting high inflation in the coming year and a surge in those expecting deflation further in the future. Using data from the Canadian Survey of Consumer Expectations, this paper seeks to assess the factors that influence people to expect high inflation, moderate inflation or deflation.2023-06-22T16:09:14+00:00enWhy Consumers Disagree About Future Inflation2023-06-22Inflation and pricesStaff Discussion Paper 2023-11https://www.bankofcanada.ca/wp-content/uploads/2023/06/sdp2023-11.pdfStaff Discussion Paper 2023-11Naveen RaiPatrick SabourinJune 2023CC8C83DD8D84EE3E31What People Believe About Monetary Finance and What We Can(’t) Do About It: Evidence from a Large-Scale, Multi-Country Survey Experiment
https://www.bankofcanada.ca/2023/06/staff-working-paper-2023-36/
We conduct a large-scale survey to shed light on what people believe about public finance. An experiment demonstrates that central bank communication can persistently shift views on monetary financing. It further suggests that views on monetary financing impact support for fiscal discipline.2023-06-14T09:52:58+00:00enWhat People Believe About Monetary Finance and What We Can(’t) Do About It: Evidence from a Large-Scale, Multi-Country Survey Experiment2023-06-14Central bank researchFiscal policyMonetary policyStaff Working Paper 2023-36https://www.bankofcanada.ca/wp-content/uploads/2023/06/swp2023-36.pdfWhat People Believe About Monetary Finance and What We Can(’t) Do About It: Evidence from a Large-Scale, Multi-Country Survey ExperimentCars HommesJulien PinterIsabelle SalleJune 2023CC8C83EE5E58E6E60E62E7E70GG5G53HH3H31Turning 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 2023CC5C55C8C82EE3E37Introducing 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 Survey2023-01-30