Nicholas Labelle - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T05:53:40+00:00Decomposing Canada’s Market Shares: An Update
https://www.bankofcanada.ca/2018/08/staff-analytical-note-2018-26/
Building on the shift-share analysis of Barnett and Charbonneau (2015), this note decomposes Canada’s market shares in the United States, Europe and China for imports of non-energy goods into competitiveness, preference shifts and an interaction term. We find that, despite the depreciation of the dollar, Canada continued to lose market share over 2014–17 (around 0.4 percentage points lost per year on average over four years).2018-08-27T09:50:58+00:00enDecomposing Canada’s Market Shares: An Update2018-08-27Could a Higher Inflation Target Enhance Macroeconomic Stability?
https://www.bankofcanada.ca/2018/04/staff-working-paper-2018-17/
Recent international experience with the effective lower bound on nominal interest rates has rekindled interest in the benefits of inflation targets above 2 per cent. We evaluate whether an increase in the inflation target to 3 or 4 per cent could improve macroeconomic stability in the Canadian economy.2018-04-06T13:57:48+00:00enCould a Higher Inflation Target Enhance Macroeconomic Stability?2018-04-06Economic modelsInflation targetsMonetary policy frameworkStaff Working Paper 2018-17https://www.bankofcanada.ca/wp-content/uploads/2018/04/swp2018-17.pdfCould a Higher Inflation Target Enhance Macroeconomic Stability?José DorichNicholas LabelleVadym LepetyukRhys R. MendesApril 2018EE3E32E37E4E43E5E52Using Speed and Credit Limits to Address the Procyclicality of Initial Margin at Central Counterparties
https://www.bankofcanada.ca/2016/09/staff-discussion-paper-2016-18/
This paper proposes a practical approach to address the procyclicality of initial margin at central counterparties (CCPs) that can work even in periods of extreme stress. The approach allows CCPs to limit the speed of margin increases resulting from spikes in market volatility.2016-09-12T13:15:25+00:00enUsing Speed and Credit Limits to Address the Procyclicality of Initial Margin at Central Counterparties2016-09-12Financial marketsFinancial stabilityFinancial system regulation and policiesPayment clearing and settlement systemsStaff Discussion Paper 2016-18https://www.bankofcanada.ca/wp-content/uploads/2016/09/sdp2016-18.pdfUsing Speed and Credit Limits to Address the Procyclicality of Initial Margin at Central CounterpartiesNikil ChandeNicholas LabelleSeptember 2016GG1G18The Case of Serial Disappointment
https://www.bankofcanada.ca/2016/07/staff-analytical-note-2016-10/
Similar to those of other forecasters, the Bank of Canada’s forecasts of global GDP growth have shown persistent negative errors over the past five years. This is in contrast to the pre-crisis period, when errors were consistently positive as global GDP surprised to the upside. All major regions have contributed to the forecast errors observed since 2011, although the United States has been the most persistent source of notable errors.2016-07-22T10:07:29+00:00enThe Case of Serial Disappointment2016-07-22Removal of the Unwinding Provisions in the Automated Clearing Settlement System: A Risk Assessment
https://www.bankofcanada.ca/2014/07/discussion-paper-2014-4/
A default in the Automated Clearing Settlement System (ACSS) occurs when a Direct Clearer is unable to settle its final obligation.2014-07-23T11:34:02+00:00enRemoval of the Unwinding Provisions in the Automated Clearing Settlement System: A Risk Assessment2014-07-23Financial stabilityPayment clearing and settlement systemsDiscussion Paper 2014-4https://www.bankofcanada.ca/wp-content/uploads/2014/07/dp2014-4.pdfRemoval of the Unwinding Provisions in the Automated Clearing Settlement System: A Risk AssessmentNicholas LabelleVarya TaylorJuly 2014CC1C15GG0G01G2G3Central Counterparties and Systemic Risk
https://www.bankofcanada.ca/wp-content/uploads/2011/12/fsr-1210-chande.pdf
2010-12-09T11:10:52+00:00enCentral Counterparties and Systemic Risk2010-12-09