Research

High-quality, innovative research underpins everything we do. Explore the broad range of staff research that our people have the intellectual freedom to pursue, and learn about the ways in which the Bank collaborates with and supports the external research community.

You can also browse all our research and subscribe to our research newsletter and latest research feed.

Staff research

Staff research is produced independently from the Bank’s Governing Council. This research may support or challenge prevailing policy orthodoxy or differ from official Bank views. Therefore, views expressed are solely those of the authors, and no responsibility for them should be attributed to the Bank.

Staff analytical notes

Staff analytical notes are short articles that focus on topical issues relevant to the current economic and financial context.

Staff working papers

Staff working papers provide a forum for staff to publish work-in-progress research intended for journal publication.

Staff discussion papers

Staff discussion papers are completed staff research studies on a wide variety of subjects relevant to central bank policy.

Technical reports

Technical reports provide detailed descriptions of staff research project methodologies and model development.

Research leadership

Profiles of the Bank’s economic research leadership, featuring their publications, education, and research fields.

Research staff

Profiles of the Bank’s research staff, featuring their publications, education and research fields.

Authors

Listing of current and past authors of Bank research papers, articles and other publications, 1994 to present.


Collaboration

Financial System Research Centre

The FSRC promotes financial system research in Canada to inform policy and improve the economic and financial well-being of Canadians.

Visiting Scholar Program

This program provides outstanding scholars with an opportunity to work at the Bank of Canada.

Conferences and workshops

Papers and proceedings from Bank of Canada conferences and workshops

Partnerships in Innovation and Technology (PIVOT) Program

We’re looking for innovators to help us respond to challenges that may not have a commercial solution readily available.


Awards

Research paper awards

At the Bank of Canada, we’re pleased to offer awards for research papers by students and by staff.

Scholarship awards

The Bank of Canada’s Scholarship and Work Placement program is designed to assist students with disabilities and Indigenous students in furthering their education and to encourage them to take an interest in the work performed by the Bank of Canada.

Fellowship Program

Learn more about a program to foster excellence in research in Canada and develop partnerships with experts outside the Bank of Canada in areas important to the Bank’s mandate.

The Governor's Challenge

The Governor’s Challenge simulates the monetary policy decision-making process by putting students in the role of advisor to the Bank’s Governing Council.


Browse research

Find Bank of Canada research by keyword, author, content type, JEL code, topic or date of publication.

Research newsletters

Our newsletter summarizes internal and external publication contributions by Bank of Canada researchers.

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Latest research

Digital Payments: A Framework for Inclusive Design

We propose a framework for designing cognitively accessible payment and banking interfaces through design guidelines, testing and proposed measures to optimize system learnability and user workload. We include, as a case study, the results of testing this framework with users with cognitive disabilities, using a prototype system for voice payments.

Monetary Policy Governance: Bank of Canada Practices to Support Policy Effectiveness

Staff Discussion Paper 2024-14 Brigitte Desroches, Sharon Kozicki, Laure Simon
We examine different monetary policy governance structures and discuss the important roles of non-legislated processes and practices. We also provide an update on monetary policy governance at the Bank of Canada and how it has evolved over time.

Ecosystem Models for a Central Bank Digital Currency: Analysis Framework and Potential Models

This note analyzes different economic models of a central bank digital currency (CBDC) ecosystem where the central bank chooses different levels of market involvement and usage of policy levers. The analysis suggests that there are trade-offs between the costs to the central bank and its ability to achieve policy goals like universal access.

Household Food Inflation in Canada

Staff Working Paper 2024-33 Olena Kostyshyna, Maude Ouellet
We study food inflation rates for Canadian households during periods of low and high inflation from 2012Q4 to 2023Q4. Households experienced more varied inflation rates during the recent high inflation. Cumulative food inflation has been 2.2 percentage points higher for lower-income households than for highest-income households since the inflation surge.
Content Type(s): Staff research, Staff working papers Topic(s): Inflation and prices JEL Code(s): E, E2, E21, E3, E30, E31, L, L8, L81

Let’s Get Physical: Impacts of Climate Change Physical Risks on Provincial Employment

Staff Working Paper 2024-32 Thibaut Duprey, Soojin Jo, Geneviève Vallée
We analyze 40 years’ worth of natural disasters using a local projection framework to assess their impact on provincial labour markets in Canada. We find that disasters decrease hours worked within a week and lower wage growth in the medium run. Our study highlights that disasters affect vulnerable workers through the income channel.

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