Posts

• February 15, 2011

  2010 survey shows increased public familiarity with the Bank of Canada

  Results of a December 2010 telephone survey of public awareness and understanding of the Bank of Canada's mandate and policies.
• February 10, 2011

  Commodity Prices: The Long and the Short of It

  Remarks John Murray IPAC-Saskatchewan/Johnson/Shoyama Graduate School of Public Policy Regina, Saskatchewan

  Commodity prices are once again making headlines. Some commodity prices, such as those for copper and cattle, have reached record highs; others are rising quickly and approaching previous peaks.

  Content Type(s): Press, Speeches and appearances, Remarks

• Counterfeit Quality and Verification in a Monetary Exchange

  Staff Working Paper 2011-4 Ben Fung, Enchuan Shao

  Recent studies on counterfeiting in a monetary search framework show that counterfeiting does not occur in a monetary equilibrium. These findings are inconsistent with the observation that counterfeiting of bank notes has been a serious problem in some countries.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Bank notes JEL Code(s): D, D8, D82, D83, E, E4, E42, E5, E50

• Discounting in Mortgage Markets

  Staff Working Paper 2011-3 Jason Allen, Robert Clark, Jean-François Houde

  This paper studies discounting in mortgage markets. Using transaction-level data on Canadian mortgages, we document that over time there's been an increase in the average discount, along with substantial dispersion.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Financial institutions, Financial services JEL Code(s): D, D4, G, G2, G21, L, L0
• February 2, 2011

  Canada’s Competitive Imperative: Investing in Productivity Gains

  Remarks Tiff Macklem Productivity Alberta Calgary, Alberta

  Canada’s advantages were very apparent through the financial crisis. They sheltered us from the worst of the storm and put Canada at the front of the pack coming out of the recession.

  Content Type(s): Press, Speeches and appearances, Remarks
• February 1, 2011

  Canada's Competitive Imperative: Investing in Productivity Gains

  Remarks Tiff Macklem Productivity Alberta Edmonton, Alberta

  Canada’s advantages were very apparent through the financial crisis. They sheltered us from the worst of the storm and put Canada at the front of the pack coming out of the recession.

  Content Type(s): Press, Speeches and appearances, Remarks

• The Impact of the Global Business Cycle on Small Open Economies: A FAVAR Approach for Canada

  Staff Working Paper 2011-2 Garima Vasishtha, Philipp Maier

  Building on the growing evidence on the importance of large data sets for empirical macroeconomic modeling, we use a factor-augmented VAR (FAVAR) model with more than 260 series for 20 OECD countries to analyze how global developments affect the Canadian economy.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Business fluctuations and cycles, Econometric and statistical methods, International topics JEL Code(s): C, C3, C32, F, F4, F41

• Financial Spillovers Across Countries: The Case of Canada and the United States

  Staff Discussion Paper 2011-1 Kimberly Beaton, Brigitte Desroches

  The authors investigate financial spillovers across countries with an emphasis on the effect of shocks to financial conditions in the United States on financial conditions and economic activity in Canada. These questions are addressed within a global vector autoregression model.

  Content Type(s): Staff research, Staff discussion papers Research Topic(s): Business fluctuations and cycles, Economic models, Financial stability, International topics JEL Code(s): E, E2, E27, E3, E32, F, F3, F36, F4, F40

• Building New Plants or Entering by Acquisition? Estimation of an Entry Model for the U.S. Cement Industry

  Staff Working Paper 2011-1 Héctor Pérez Saiz

  In many industries, firms usually have two choices when expanding into new markets: They can either build a new plant (greenfield entry) or they can acquire an existing incumbent. In the U.S. cement industry, the comparative advantage (e.g., TFP or size) of entrants versus incumbents and regulatory entry barriers are important factors that determine the means of expansion.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Econometric and statistical methods, Market structure and pricing, Productivity JEL Code(s): L, L1, L13, L4, L40, L6, L61
• January 19, 2011

  Release of the Monetary Policy Report

  Opening statement Mark Carney Ottawa, Ontario

  The global economic recovery is proceeding at a somewhat faster pace than the Bank had anticipated, although risks remain elevated. Private domestic demand in the United States has picked up and will be reinforced by recently announced monetary and fiscal stimulus.

  Content Type(s): Press, Speeches and appearances, Opening statements