D2 - Production and Organizations - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T10:32:38+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 2024CC8DD2D22EE4LL2Regulation, Emissions and Productivity: Evidence from China’s Eleventh Five-Year Plan
https://www.bankofcanada.ca/2024/03/staff-working-paper-2024-7/
We study the degree to which China’s 11th Five-Year Plan softens trade-offs between emissions and output. Our model suggests efficient regulation could have further increased aggregate productivity by 3.5% and output by 4.7% without any increase in aggregate emissions.2024-03-21T14:07:50+00:00enRegulation, Emissions and Productivity: Evidence from China’s Eleventh Five-Year Plan2024-03-21Climate changeProductivityStaff Working Paper 2024-7https://www.bankofcanada.ca/wp-content/uploads/2024/03/swp2024-7.pdfRegulation, Emissions and Productivity: Evidence from China’s Eleventh Five-Year PlanBrantly CallawayTong LiJoel RodrigueYuya SasakiYong TanMarch 2024CC2C21DD2D24QQ5Q53Digitalization: Prices of Goods and Services
https://www.bankofcanada.ca/2023/10/staff-discussion-paper-2023-27/
This paper outlines and assesses the various channels through which digitalization can affect prices of goods and services.2023-10-31T13:26:19+00:00enDigitalization: Prices of Goods and Services2023-10-31DigitalizationInflation and pricesMarket structure and pricingMonetary policyStaff Discussion Paper 2023-27https://www.bankofcanada.ca/wp-content/uploads/2023/10/sdp2023-27.pdfDigitalization: Prices of Goods and ServicesVivian ChuTatjana DahlhausChristopher HajzlerOctober 2023DD2EE3E31E5E52LL1L11Predicting Changes in Canadian Housing Markets with Machine Learning
https://www.bankofcanada.ca/2023/09/staff-discussion-paper-2023-21/
We apply two machine learning algorithms to forecast monthly growth of house prices and existing homes sales in Canada. Although the algorithms can sometimes outperform a linear model, the improvement in forecast accuracy is not always statistically significant.2023-09-29T13:04:48+00:00enPredicting Changes in Canadian Housing Markets with Machine Learning2023-09-29Econometric and statistical methodsFinancial marketsHousingStaff Discussion Paper 2023-21https://www.bankofcanada.ca/wp-content/uploads/2023/09/sdp2023-21.pdfStaff Discussion Paper 2023-21Johan BrannlundHelen LaoMaureen MacIsaacJing YangSeptember 2023ACC4C45C5C53DD2RR2R3The contribution of firm profits to the recent rise in inflation
https://www.bankofcanada.ca/2023/08/staff-analytical-note-2023-12/
We measure the contribution to inflation from the growth in markups of Canadian firms. The dynamics of inflation and markups suggest that changes in markups could account for less than one-tenth of inflation in 2021. Further, they suggest that peak inflation was driven primarily by changes in the costs of firms.2023-08-01T12:00:51+00:00enThe contribution of firm profits to the recent rise in inflation2023-08-01Markups and inflation during the COVID-19 pandemic
https://www.bankofcanada.ca/2023/06/staff-analytical-note-2023-8/
We find that prices and costs for consumer-oriented firms moved roughly one-for-one during the COVID-19 pandemic. This means firms fully passed rising costs through to the prices they charged. However, our results are suggestive, given data limitations and the uncertainty associated with estimating markups.2023-06-19T11:03:46+00:00enMarkups and inflation during the COVID-19 pandemic2023-06-19SME Failures Under Large Liquidity Shocks: An Application to the COVID-19 Crisis
https://www.bankofcanada.ca/2023/06/staff-working-paper-2023-32/
We study the effects of financial frictions on firm exit when firms face large liquidity shocks. We develop a simple model of firm cost-minimization that introduces a financial friction that limits firms’ borrowing capacity to smooth temporary shocks to liquidity.2023-06-09T09:39:02+00:00enSME Failures Under Large Liquidity Shocks: An Application to the COVID-19 Crisis2023-06-09Coronavirus disease (COVID-19)Firm dynamicsInternational topicsStaff Working Paper 2023-32https://www.bankofcanada.ca/wp-content/uploads/2023/06/swp2023-32.pdfStaff Working Paper 2023-32Pierre-Olivier GourinchasŞebnem Kalemli-ÖzcanVeronika PenciakovaNicholas SanderJune 2023DD2D21D22EE6E65HH8H81Firms’ inflation expectations and price-setting behaviour in Canada: Evidence from a business survey
https://www.bankofcanada.ca/2023/02/staff-analytical-note-2023-3/
Canadian firms’ expectations for high inflation may be influencing their price setting, supporting strong price growth and delays in the transmission of monetary policy. Using data from the Business Outlook Survey, we investigate the reasons behind widespread price growth seen in Canada in 2021 and early 2022.2023-02-27T10:48:42+00:00enFirms’ inflation expectations and price-setting behaviour in Canada: Evidence from a business survey2023-02-27The 2021–22 Merchant Acceptance Survey Pilot Study
https://www.bankofcanada.ca/2023/01/staff-discussion-paper-2023-1/
The rise in digital payment innovations has spurred a discussion about the future of cash at the point of sale. The Bank conducted the 2021–22 Merchant Acceptance Survey Pilot Study to study trends in merchant cash acceptance and monitor conditions for the potential issuance of a central bank digital currency.2023-01-04T16:05:17+00:00enThe 2021–22 Merchant Acceptance Survey Pilot Study2023-01-04Bank notesDigital currencies and fintechEconometric and statistical methodsStaff Discussion Paper 2023-1https://www.bankofcanada.ca/wp-content/uploads/2023/01/sdp2023-01.pdfStaff Discussion Paper 2023-1Angelika WelteJoy WuJanuary 2023CC8DD2D22EE4LL2CANVAS: A Canadian Behavioral Agent-Based Model
https://www.bankofcanada.ca/2022/12/staff-working-paper-2022-51/
The Bank of Canada’s current suite of models faces challenges in addressing network effects that integrate household and firm-level heterogeneity and their behaviours. We develop CANVAS, a Canadian behavioural agent-based model to contribute to the Bank’s next-generation modelling effort. CANVAS improves forecasting performance and expands capacity for model-based scenario analysis.2022-12-20T08:40:00+00:00enCANVAS: A Canadian Behavioral Agent-Based Model2022-12-20Central bank researchEconometric and statistical methodsEconomic modelsFirm dynamicsInflation and pricesStaff Working Paper 2022-51https://www.bankofcanada.ca/wp-content/uploads/2022/12/swp2022-51.pdfCANVAS: A Canadian Behavioral Agent-Based ModelCars HommesMario HeSebastian PolednaMelissa SiqueiraYang ZhangDecember 2022CDD2D22D8D83EE1E17