Laurence Savoie-Chabot - Latest - Bank of Canada
https://www.bankofcanada.ca/rss-feeds/
Bank of Canada RSS Feedsen2024-03-29T15:24:49+00:00Assessing Labour Market Slack for Monetary Policy
https://www.bankofcanada.ca/2021/10/staff-discussion-paper-2021-15/
Measuring labour market slack is essential for central banks: without full employment in the economy, inflation will not stay close to target. We propose a comprehensive approach to assessing labour market slack that reflects the complexity and diversity of the labour market.2021-10-06T10:00:14+00:00enAssessing Labour Market Slack for Monetary Policy2021-10-06Business fluctuations and cyclesCoronavirus disease (COVID-19)Econometric and statistical methodsLabour marketsMonetary policyErik EnsLaurence Savoie-ChabotKurt SeeShu Lin WeeOctober 2021EE2E24JJ2J21J6The Trend Unemployment Rate in Canada: Searching for the Unobservable
https://www.bankofcanada.ca/2019/03/staff-working-paper-2019-13/
In this paper, we assess several methods that have been used to measure the Canadian trend unemployment rate (TUR). We also consider improvements and extensions to some existing methods.2019-03-29T16:16:07+00:00enThe Trend Unemployment Rate in Canada: Searching for the Unobservable2019-03-29Business fluctuations and cyclesEconomic modelsInflation and pricesLabour marketsStaff Working Paper 2019-13https://www.bankofcanada.ca/wp-content/uploads/2019/03/swp2019-13.pdfThe Trend Unemployment Rate in Canada: Searching for the UnobservableDany BrouilletteMarie-Noëlle RobitailleLaurence Savoie-ChabotPierre St-AmantBassirou GueyeElise NelsonMarch 2019CC5C52C53EE2E24E27Price check: Inflation in Canada
https://www.bankofcanada.ca/2019/02/price-check-inflation-in-canada/
Why prices change, and what it means for the economy.2019-02-21T12:00:35+00:00enPrice check: Inflation in Canada2019-02-21Introducing a Systematic Measure of Idiosyncratic Prices
https://www.bankofcanada.ca/2018/10/staff-analytical-note-2018-33/
There is a risk that Bank of Canada staff may inadvertently be biased when analyzing inflation: when inflation surprises on the downside, staff might emphasize negative idiosyncratic factors. When inflation surprises on the upside, staff might emphasize the positive idiosyncratic factors.2018-10-18T11:36:32+00:00enIntroducing a Systematic Measure of Idiosyncratic Prices2018-10-18Bending the Curves: Wages and Inflation
https://www.bankofcanada.ca/2018/05/staff-analytical-note-2018-15/
As economic slack continues to be absorbed and the labour market tightens, wage growth and inflation could increase faster than expected, which would suggest convexity in their Phillips curves. This note investigates whether there is convexity in the Phillips curves for Canadian wage growth and inflation by testing different empirical approaches over the post-inflation-targeting period.2018-05-30T11:47:36+00:00enBending the Curves: Wages and Inflation2018-05-30Global Factors and Inflation in Canada
https://www.bankofcanada.ca/2017/10/staff-analytical-note-2017-17/
This note investigates whether the recent weakness in inflation in Canada can be related to global factors not included in the current staff analytical framework (domestic slack, movements in commodity prices and in the exchange rate). A global common factor for inflation among selected advanced economies appears to contain marginal information for Canadian inflation beyond what is found in movements in commodity prices and the exchange rate.2017-10-25T06:01:39+00:00enGlobal Factors and Inflation in Canada2017-10-25Ce que révèle une analyse sectorielle des dynamiques récentes de l’inflation au Canada
https://www.bankofcanada.ca/2016/07/staff-analytical-note-2016-7/
Decomposing total inflation in Canada as measured by the consumer price index (CPI) into its key macroeconomic factors, as presented in the most recent Monetary Policy Report, is an interesting exercise that shows how the exchange rate pass-through, commodity prices and the output gap have influenced the evolution of the total inflation rate over time. This aggregate approach, however, may mask important sectoral changes.2016-07-13T10:01:27+00:00enCe que révèle une analyse sectorielle des dynamiques récentes de l’inflation au Canada2016-07-13Un examen plus approfondi des pressions salariales au Canada
https://www.bankofcanada.ca/2016/07/staff-analytical-note-2016-6/
In this note, we provide a brief outline of the recent developments in wage measures in Canada. We then assess whether wage growth is consistent with its fundamentals.2016-07-13T10:00:43+00:00enUn examen plus approfondi des pressions salariales au Canada2016-07-13Exchange Rate Pass-Through to Consumer Prices: Theory and Recent Evidence
https://www.bankofcanada.ca/2015/10/discussion-paper-2015-9/
In an open economy such as Canada’s, exchange rate movements can have a material impact on consumer prices. This is particularly important in the current context, with the significant depreciation of the Canadian dollar vis-a-vis the U.S. dollar since late 2012.2015-10-20T14:11:21+00:00enExchange Rate Pass-Through to Consumer Prices: Theory and Recent Evidence2015-10-20Exchange ratesInflation and pricesDiscussion Paper 2015-9https://www.bankofcanada.ca/wp-content/uploads/2015/10/dp2015-91.pdfExchange Rate Pass-Through to Consumer Prices: Theory and Recent EvidenceLaurence Savoie-ChabotMikael KhanOctober 2015EE3E31E5E52FF3F31