D40 - General - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-19T08:47:43+00:00Intermediary Market Power and Capital Constraints
https://www.bankofcanada.ca/2023/10/staff-working-paper-2023-51/
We examine how intermediary capitalization affects asset prices in a framework that allows for intermediary market power. We introduce a model in which capital-constrained intermediaries buy or trade an asset in an imperfectly competitive market, and we show that weaker capital constraints lead to both higher prices and intermediary markups.2023-10-04T14:39:48+00:00enIntermediary Market Power and Capital Constraints2023-10-04Financial institutionsMarket structure and pricingStaff Working Paper 2023-51https://www.bankofcanada.ca/wp-content/uploads/2023/10/swp2023-51.pdfStaff Working Paper 2023-51Jason AllenMilena WittwerOctober 2023DD4D40D44GG1G12G18G2G20LL1L10Addictive Platforms
https://www.bankofcanada.ca/2022/04/staff-working-paper-2022-16/
We study competition for consumer attention, in which platforms can sacrifice service quality for attention. A platform can choose the “addictiveness” of its service.2022-04-04T11:18:35+00:00enAddictive Platforms2022-04-04Economic modelsStaff Working Paper 2022-16https://www.bankofcanada.ca/wp-content/uploads/2022/04/swp2022-16.pdfAddictive PlatformsShota IchihashiByung-Cheol KimApril 2022DD4D40LL5L51Centralizing Over-the-Counter Markets?
https://www.bankofcanada.ca/2021/08/staff-working-paper-2021-39/
Would a shift in trading in fixed-income markets—from over the counter (bilateral trading) to a centralized electronic platform—improve welfare? We use trade-level data on the secondary market for Government of Canada debt to answer this question.2021-08-12T15:49:14+00:00enCentralizing Over-the-Counter Markets?2021-08-12Financial institutionsMarket structure and pricingStaff Working Paper 2021-39https://www.bankofcanada.ca/wp-content/uploads/2021/08/swp2021-39.pdfCentralizing Over-the-Counter Markets?Jason AllenMilena WittwerAugust 2021DD4D40D47GG1G10G2G20LL1L10Adverse Selection with Heterogeneously Informed Agents
https://www.bankofcanada.ca/2018/02/staff-working-paper-2018-7/
A model of over-the-counter markets is proposed. Some asset buyers are informed in that they can identify high quality assets. Heterogeneous sellers with private information choose what type of buyers they want to trade with.2018-02-08T07:38:17+00:00enAdverse Selection with Heterogeneously Informed Agents2018-02-08Economic modelsFinancial marketsFinancial stabilityFinancial system regulation and policiesMarket structure and pricingStaff Working Paper 2018-7https://www.bankofcanada.ca/wp-content/uploads/2018/02/swp2018-7.pdfAdverse Selection with Heterogeneously Informed AgentsMohammad DavoodalhosseiniFebruary 2018DD4D40D8D82D83GG0G01G1G10G2G20Micro Foundations of Price-Setting Behaviour: Evidence from Canadian Firms
https://www.bankofcanada.ca/2007/05/working-paper-2007-31/
How do firms adjust prices in the marketplace? Do they tend to adjust prices infrequently in response to changes in market conditions? If so, why? These remain key questions in macroeconomics, particularly for central banks that work to keep inflation low and stable.2007-05-01T17:09:29+00:00enMicro Foundations of Price-Setting Behaviour: Evidence from Canadian Firms2007-05-01Inflation and pricesMonetary policy transmissionWorking Paper 2007-31 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp07-31.pdfMicro Foundations of Price-Setting Behaviour: Evidence from Canadian FirmsDaniel de MunnikKuan XuMay 2007DD4D40EE3E30LL1L11Survey of Price-Setting Behaviour of Canadian Companies
https://www.bankofcanada.ca/2006/09/working-paper-2006-35/
In many mainstream macroeconomic models, sticky prices play an important role in explaining the effects of monetary policy on the economy.2006-09-05T16:28:22+00:00enSurvey of Price-Setting Behaviour of Canadian Companies2006-09-05Inflation and pricesMonetary policy transmissionWorking Paper 2006-35https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp06-35.pdfSurvey of Price-Setting Behaviour of Canadian CompaniesDavid AmiraultCarolyn KwanGordon WilkinsonSeptember 2006DD4D40EE3E30LL1L11The Economic Theory of Retail Pricing: A Survey
https://www.bankofcanada.ca/2004/03/working-paper-2004-8/
The types of contracts that arise in a typical vertical manufacturer–retailer relationship are more sophisticated than usually assumed in standard macroeconomic models.2004-03-01T11:39:28+00:00enThe Economic Theory of Retail Pricing: A Survey2004-03-01Market structure and pricingWorking Paper 2004-8 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp04-8.pdfThe Economic Theory of Retail Pricing: A SurveyOana SecrieruMarch 2004DD4D40LL2L22L4L42