F43 - Economic Growth of Open Economies - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T13:35:24+00:00The Propagation of Regional Shocks in Housing Markets: Evidence from Oil Price Shocks in Canada
https://www.bankofcanada.ca/2018/11/staff-working-paper-2018-56/
How do global oil price shocks spread through Canada’s economy? With Canada’s regionally diverse economy in mind, we explore the implications of oil price shocks for Canadian housing markets and regional economies. We show that the belief that oil price shocks only matter in oil-rich regions is false.2018-11-27T08:25:21+00:00enThe Propagation of Regional Shocks in Housing Markets: Evidence from Oil Price Shocks in Canada2018-11-27Econometric and statistical methodsHousingInternational topicsLabour marketsRegional economic developmentsStaff Working Paper 2018-56https://www.bankofcanada.ca/wp-content/uploads/2018/11/swp2018-56.pdfThe Propagation of Regional Shocks in Housing Markets: Evidence from Oil Price Shocks in CanadaLutz KilianXiaoqing ZhouNovember 2018FF4F43QQ3Q33Q4Q43RR1R12R3R31An Update on the Neutral Rate of Interest
https://www.bankofcanada.ca/wp-content/uploads/2017/11/boc-review-autumn2017-dorich.pdf
The neutral rate serves as a benchmark for measuring monetary stimulus and provides a medium- to long-run anchor for the real policy rate. Global neutral rate estimates have been falling over the past few decades. Factors such as population aging, high corporate savings, and low trend productivity growth are likely to continue supporting a low global neutral rate. These global factors as well as domestic factors are exerting downward pres-sure on the Canadian real neutral rate, which is estimated to be between 0.5 to 1.5 per cent. This low neutral rate has important implications for monetary policy and financial stability.2017-11-16T12:16:01+00:00enAn Update on the Neutral Rate of Interest2017-11-16Global Real Activity for Canadian Exports: GRACE
https://www.bankofcanada.ca/2017/01/staff-discussion-paper-2017-2/
Canadian exports have often disappointed since the Great Recession. The apparent disconnect between exports and the Bank of Canada’s current measure of foreign demand has created an impetus to search for an alternative.2017-01-18T10:00:24+00:00enGlobal Real Activity for Canadian Exports: GRACE2017-01-18Balance of payments and componentsEconometric and statistical methodsExchange ratesStaff Discussion Paper 2017-2https://www.bankofcanada.ca/wp-content/uploads/2017/01/sdp2017-2.pdfGlobal Real Activity for Canadian Exports: GRACEAndré BinetteTony ChernisDaniel de MunnikJanuary 2017FF1F10F14F4F43Capital Flows to Developing Countries: Is There an Allocation Puzzle?
https://www.bankofcanada.ca/2016/11/staff-working-paper-2016-53/
Foreign direct investment inflows are positively related to growth across developing countries—but so are savings in excess of investment. I develop an explanation for this well-established puzzle by focusing on the limited availability of consumer credit in developing countries together with general equilibrium effects.2016-11-25T11:31:40+00:00enCapital Flows to Developing Countries: Is There an Allocation Puzzle?2016-11-25Foreign reserves managementInterest ratesInternational financial marketsStaff Working Paper 2016-53https://www.bankofcanada.ca/wp-content/uploads/2016/11/swp2016-53.pdfCapital Flows to Developing Countries: Is There an Allocation Puzzle?Josef SchrothNovember 2016EE1E13E2E21FF4F43Is Slower Growth the New Normal in Advanced Economies?
https://www.bankofcanada.ca/wp-content/uploads/2015/11/boc-review-autumn15-reza.pdf
This article reviews and examines some of the main explanations for the slow growth that many advanced economies continue to experience seven years after the 2007–09 global financial crisis. Does this muted recovery reflect just a prolonged cycle in the aftermath of a financial crisis? Is it due to a structural inadequacy of demand leading to a long-lasting liquidity trap? Or is it largely supply side in nature, reflecting demographic and technological factors?2015-11-19T10:50:27+00:00enIs Slower Growth the New Normal in Advanced Economies?2015-11-19An Update - Canadian Non-Energy Exports: Past Performance and Future Prospects
https://www.bankofcanada.ca/2015/10/discussion-paper-2015-10/
In light of the fact that Canada was continuing to lose market share in the United States, Binette, de Munnik and Gouin-Bonenfant (2014) studied 31 Canadian non-energy export (NEX) categories to assess their individual performance.2015-10-20T14:11:37+00:00enAn Update - Canadian Non-Energy Exports: Past Performance and Future Prospects2015-10-20Balance of payments and componentsExchange ratesInternational topicsDiscussion Paper 2015-10https://www.bankofcanada.ca/wp-content/uploads/2015/10/dp2015-101.pdfAn Update - Canadian Non-Energy Exports: Past Performance and Future ProspectsAndré BinetteDaniel de MunnikJulie MelansonOctober 2015FF1F10F14F4F43A New Data Set of Quarterly Total Factor Productivity in the Canadian Business Sector
https://www.bankofcanada.ca/2015/02/working-paper-2015-6/
In this paper, a quarterly growth-accounting data set is built for the Canadian business sector with the top-down approach of Diewert and Yu (2012). Inputs and outputs are measured and used to estimate the quarterly total factor productivity (TFP).2015-02-05T11:59:24+00:00enA New Data Set of Quarterly Total Factor Productivity in the Canadian Business Sector2015-02-05ProductivityWorking Paper 2015-6 https://www.bankofcanada.ca/wp-content/uploads/2015/02/wp2015-6.pdfA New Data Set of Quarterly Total Factor Productivity in the Canadian Business SectorShutao CaoSharon KozickiFebruary 2015DD2D24FF4F43OO4O47Canadian Non-Energy Exports: Past Performance and Future Prospects
https://www.bankofcanada.ca/2014/04/discussion-paper-2014-1/
Canada has continued to lose market share in the United States since the Great Recession, beyond what our bilateral competitiveness measures (relative unit labour costs) would suggest.2014-04-24T12:01:57+00:00enCanadian Non-Energy Exports: Past Performance and Future Prospects2014-04-24Balance of payments and componentsExchange ratesDiscussion Paper 2014-1https://www.bankofcanada.ca/wp-content/uploads/2014/04/dp2014-1.pdfCanadian Non-Energy Exports: Past Performance and Future ProspectsAndré BinetteDaniel de MunnikÉmilien Gouin-BonenfantApril 2014FF1F10F14F4F43The Evolution of Canada’s Global Export Market Share
https://www.bankofcanada.ca/2012/10/working-paper-2012-31/
Following gains during the 1990s, Canada’s global market share of goods exports has declined markedly in recent years. In this regard, the constant market share analysis framework is used to decompose changes in Canada’s global market share into competitiveness and structural effects over the 1990‐2010 period, as well as to draw some comparisons to a number of other countries.2012-10-03T11:12:53+00:00enThe Evolution of Canada’s Global Export Market Share2012-10-03Balance of payments and componentsExchange ratesInternational topicsWorking Paper 2012-31https://www.bankofcanada.ca/wp-content/uploads/2012/10/wp2012-31.pdfThe Evolution of Canada’s Global Export Market ShareDaniel de MunnikJocelyn JacobWesley SzeOctober 2012FF1F10F14F4F43Convergence in a Stochastic Dynamic Heckscher-Ohlin Model
https://www.bankofcanada.ca/2006/07/working-paper-2006-23/
The authors characterize the equilibrium for a small economy in a dynamic Heckscher-Ohlin model with uncertainty.2006-07-01T15:07:42+00:00enConvergence in a Stochastic Dynamic Heckscher-Ohlin Model2006-07-01Economic modelsWorking Paper 2006-23 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp06-23.pdfConvergence in a Stochastic Dynamic Heckscher-Ohlin ModelPartha ChatterjeeMalik ShukayevJuly 2006FF4F43OO4O41