Research

High-quality, innovative research underpins everything we do. Find out about the Bank’s current research priorities, 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 supports and collaborates with the external research community. You can also browse our research and subscribe to our monthly research newsletter and latest research feed.

Research Priorities

Guided by the Bank’s medium-term plan and shaped by the policy environment, the Bank dedicates significant effort and resources to a range of annual and multi-year research priorities.

The Bank’s Medium‐term Research Plan, 2019–21

Increasing the relevance and visibility of Bank research

Digital Currencies and Fintech

Understanding digital currencies and related financial technologies is an important part of our research agenda.

Toward 2021

Reviewing the Monetary Policy Framework.

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.

Author List

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

Staff Working Papers

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

Our People

Profiles of the Bank’s economic research staff, featuring sections on their publications, education, and research interests.

Staff Discussion Papers

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

Research Newsletter

Subscribe to our monthly newsletter summarizing internal and external publication contributions by Bank of Canada researchers.

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

Information on the Bank of Canada’s collaborative research program for outstanding scholars

Conferences, Seminars and Workshops

Papers and proceedings from Bank of Canada conferences, seminars, 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.

Latest Research

The Bank of Canada's New Quarterly Projection Model, Part 1. The Steady-State Model: SSQPM

This report is the first documenting the Bank of Canada's new model of the Canadian economy, the Quarterly Projection Model (QPM). QPM is used at the Bank of Canada for both economic projections and policy analysis. Here the authors focus on the model's long-run properties, describing SSQPM, a model of the steady state of QPM […]
Content Type(s): Staff Research, Technical Reports Topic(s): Economic models JEL Code(s): C, C5, C51, E, E1, E13

Wealth, Disposable Income and Consumption: Some Evidence for Canada

Technical Report No. 71 Tiff Macklem
The author develops a measure of aggregate private sector wealth in Canada and examines its ability to explain aggregate consumption of non-durables and services. This wealth measure includes financial, physical and human wealth. The author measures human wealth as the expected present value of aggregate labour income, net of government expenditures, based on a discrete […]
Content Type(s): Staff Research, Technical Reports Topic(s): Domestic demand and components JEL Code(s): D, D9, D91, E, E2, E21

L'endettement du secteur privé au Canada: un examen macroéconomique

Staff Working Paper 1994-7 Jean-François Fillion
In this study, the author examines the hypothesis of private-sector debt overhang, which suggests that households and businesses may on occasion find themselves holding too much debt and so decide to reduce it by cutting back expenditures. His aim is to determine whether this hypothesis can help explain the weakness of credit growth and the sluggishness of the recent economic recovery in Canada.