E20 - General - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T15:23:36+00:00Assessing the effects of higher immigration on the Canadian economy and inflation
https://www.bankofcanada.ca/2023/12/staff-analytical-note-2023-17/
We assess the complex macroeconomic implications of Canada’s recent population increases. We find that newcomers significantly boost the non-inflationary, potential growth of the economy, but existing imbalances in the housing sector may be exacerbated. Greater housing supply is needed to complement the long-term economic benefits of population growth.2023-12-07T12:35:52+00:00enAssessing the effects of higher immigration on the Canadian economy and inflation2023-12-07The uneven economic consequences of COVID 19: A structural analysis
https://www.bankofcanada.ca/2021/08/staff-analytical-note-2021-17/
Using a structural model, we study the economic consequences of the COVID-19 shock. The uneven consequences, such as higher unemployment among young households, amplify the negative implications for the macroeconomy, household vulnerabilities and consumption inequality. Government support programs have stimulated the economy and lowered inequality and medium-term vulnerabilities.2021-08-06T08:25:00+00:00enThe uneven economic consequences of COVID 19: A structural analysis2021-08-06The Anatomy of Sentiment-Driven Fluctuations
https://www.bankofcanada.ca/2021/07/staff-working-paper-2021-33/
We show that changes in sentiment that aren’t related to fundamentals can drive persistent macroeconomic fluctuations even when all economic agents are rational. Changes in sentiment can also affect how fundamental shocks affect macroeconomic outcomes.2021-07-15T10:06:37+00:00enThe Anatomy of Sentiment-Driven Fluctuations2021-07-15Business fluctuations and cyclesEconomic modelsStaff Working Paper 2021-33https://www.bankofcanada.ca/wp-content/uploads/2021/07/swp2021-33.pdfThe Anatomy of Sentiment-Driven FluctuationsSushant AcharyaJess BenhabibZhen HuoJuly 2021EE2E20E3E32FF4F44ToTEM III: The Bank of Canada’s Main DSGE Model for Projection and Policy Analysis
https://www.bankofcanada.ca/2021/06/technical-report-119/
ToTEM III is the most recent generation of the Bank of Canada’s main dynamic stochastic general equilibrium model for projection and policy analysis. The model helps Bank staff tell clear and coherent stories about the Canadian economy’s current state and future evolution.2021-06-28T08:50:52+00:00enToTEM III: The Bank of Canada’s Main DSGE Model for Projection and Policy Analysis2021-06-28Business fluctuations and cyclesEconomic modelsHousingInterest ratesMonetary policyTechnical Report 2021-119https://www.bankofcanada.ca/wp-content/uploads/2021/06/tr119.pdfTechnical Report 2021-119Paul CorriganHélène DesgagnésJosé DorichVadym LepetyukWataru MiyamotoYang ZhangJune 2021EE1E17E2E20E3E30E4E40E5E50E6E62E65FF4F40F41GG5G51The Bank of Canada COVID‑19 stringency index: measuring policy response across provinces
https://www.bankofcanada.ca/2021/02/staff-analytical-note-2021-1/
We construct an index that systematically measures and tracks the stringency of government policy responses to the COVID-19 pandemic across Canadian provinces. Researchers can use this stringency index to analyze how the pandemic is affecting the economy.2021-02-26T14:00:34+00:00enThe Bank of Canada COVID‑19 stringency index: measuring policy response across provinces2021-02-26Assessing Global Potential Output Growth: October 2020
https://www.bankofcanada.ca/2020/11/staff-discussion-paper-2020-10/
This paper presents updated estimates of potential output growth for the global economy through 2022. Global potential output growth is expected to decline sharply in the aftermath of the COVID-19 pandemic and recover partially by the end of the projection horizon of the October 2020 Monetary Policy Report.2020-11-10T13:42:32+00:00enAssessing Global Potential Output Growth: October 20202020-11-10Potential outputProductivityStaff Discussion Paper 2020-10https://www.bankofcanada.ca/wp-content/uploads/2020/11/sdp2020-10.pdfAssessing Global Potential Output Growth: October 2020Xin Scott ChenAli JafferyGuillaume NolinKarim SalhabPeter ShannonSubrata SarkerNovember 2020EE1E10E2E20OO4Assessing Global Potential Output Growth: April 2019
https://www.bankofcanada.ca/2019/05/staff-analytical-note-2019-13/
This note presents the updated estimates of potential output growth for the global economy through 2021. Global potential output is expected to grow by 3.3 per cent per year over the projection horizon.2019-05-02T14:16:06+00:00enAssessing Global Potential Output Growth: April 20192019-05-02The Role of Corporate Saving over the Business Cycle: Shock Absorber or Amplifier?
https://www.bankofcanada.ca/2018/12/staff-working-paper-2018-59/
We document countercyclical corporate saving behavior with the degree of countercyclicality varying nonmonotonically with firm size. We then develop a dynamic stochastic general equilibrium model with heterogeneous firms to explain the pattern and study its implications for business cycles.2018-12-17T15:00:32+00:00enThe Role of Corporate Saving over the Business Cycle: Shock Absorber or Amplifier?2018-12-17Business fluctuations and cyclesEconomic modelsStaff Working Paper 2018-59https://www.bankofcanada.ca/wp-content/uploads/2018/12/swp2018-59.pdfThe Role of Corporate Saving over the Business Cycle: Shock Absorber or Amplifier?Xiaodan GaoShaofeng XuDecember 2018EE2E20E22E3E32GG3G31G32Assessing Global Potential Output Growth: April 2018
https://www.bankofcanada.ca/2018/04/staff-analytical-note-2018-9/
This note presents our estimates of potential output growth for the global economy through 2020. Overall, we expect global potential output growth to remain broadly stable over the projection horizon, averaging 3.3 per cent, although there is considerable uncertainty surrounding these estimates.2018-04-15T10:00:01+00:00enAssessing Global Potential Output Growth: April 20182018-04-15Assessing Global Potential Output Growth
https://www.bankofcanada.ca/2017/04/staff-analytical-note-2017-3/
This note estimates potential output growth for the global economy through 2019. While there is considerable uncertainty surrounding our estimates, overall we expect global potential output growth to rise modestly, from 3.1 per cent in 2016 to 3.4 per cent in 2019.2017-04-12T10:00:07+00:00enAssessing Global Potential Output Growth2017-04-12