May 4, 2017
Canada and Mexico: Common Issues in Uncommon Times
Governor Stephen S. Poloz discusses how shared economic traits leave Canada and Mexico well placed to face global challenges.
Posts
-
-
May 1, 2017
Protection of Personal Information
This policy describes the steps the Bank takes to protect the privacy of outside individuals who interact with the Bank. -
May 1, 2017
Website Privacy Practices
Learn about our use of cookies, IP addresses, social media, and related matters. -
-
April 28, 2017
Research Update - April 2017
This monthly newsletter features the latest research publications by Bank of Canada economists including external publications and working papers published on the Bank of Canada’s website. -
-
-
-
Vertical Specialization and Gains from Trade
Multi-stage production is widely recognized as an important feature of the modern global economy. This feature has been incorporated into many state-of-the-art quantitative trade models, and has been shown to deliver significant additional gains from international trade. -
Downward Nominal Wage Rigidity Meets the Zero Lower Bound
We add downward nominal wage rigidity to a standard New Keynesian model with sticky prices and wages, where the zero lower bound on nominal interest rates is allowed to bind. We find that wage rigidity not only reduces the frequency of zero bound episodes but also mitigates the severity of corresponding recessions.