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.

Subscribe to Latest research
Latest research

On the Programmability and Uniformity of Digital Currencies

Staff Working Paper 2025-18 Jonathan Chiu, Cyril Monnet
Central bankers argue that programmable digital currencies may compromise the uniformity of money. We develop a stylized model to examine this argument and the trade-offs involved in circulating programmable money.

Correcting Selection Bias in a Non-Probability Two-Phase Payment Survey

Staff Working Paper 2025-17 Heng Chen, John Tsang
We develop statistical inferences for a non-probability two-phase survey sample when relevant auxiliary information is available from a probability survey sample. The proposed method is assessed by simulation studies and used to analyze a non-probability two phase payment survey.
Content Type(s): Staff research, Staff working papers Research Topic(s): Bank notes, Econometric and statistical methods JEL Code(s): C, C8, C83

Incorporating Trip-Chaining to Measuring Canadians’ Access to Cash

Staff Working Paper 2025-16 Heng Chen, Hongyu Xiao
Our paper employs smartphone data to construct an improved cash access metric by accounting for both spatial agglomeration and households’ travel patterns. We find that incorporating trip-chaining into the travel metric could show that travel costs are from 15 to 25% less than not incorporating trip-chaining and that the biggest decrease is driven by rural residents.
Content Type(s): Staff research, Staff working papers Research Topic(s): Bank notes, Financial services, Regional economic developments JEL Code(s): D, D1, D12, O, O1, O18, R, R2, R22, R4, R41

Assessing tariff pass-through to consumer prices in Canada: Lessons from 2018

Staff Analytical Note 2025-18 Alexander Lam
US trade protectionism is making the economic outlook increasingly uncertain. To assess how consumer prices may respond to tariffs, we examine a tariff episode from 2018 using detailed microdata and the synthetic control method.

Benchmarks for assessing labour market health: 2025 update

Staff Analytical Note 2025-17 Fares Bounajm, Tessa Devakos
We provide an update on the state of the labour market, which has moved into modest excess supply. We also explore why wage growth measures remain elevated and how US trade policy could affect different parts of the labour market. We update the range of benchmarks in our dashboard of indicators.

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