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

Subscribe to Latest research
Latest research

How Do Agents Form Macroeconomic Expectations? Evidence from Inflation Uncertainty

Staff Working Paper 2024-5 Tao Wang
The uncertainty regarding inflation that is observed in density forecasts of households and professionals helps macroeconomists understand the formation mechanism of inflation expectations. Shocks to inflation take time to be perceived by all agents in the economy, and such rigidity is lower in a high-inflation environment.

Central Bank Digital Currency and Banking Choices

Staff Working Paper 2024-4 Jiaqi Li, Andrew Usher, Yu Zhu
To what extent does a central bank digital currency (CBDC) compete with bank deposits? To answer this question, we develop and estimate a structural model where each household chooses which financial institution to deposit their digital money with.

The Role of International Financial Integration in Monetary Policy Transmission

Staff Working Paper 2024-3 Jing Cynthia Wu, Yinxi Xie, Ji Zhang
We propose an open-economy New Keynesian model with financial integration that allows financial intermediaries to hold foreign long-term bonds. We study the implications of financial integration on monetary policy transmission. Among various aspects of financial integration, the bond duration plays a major role. These results hold for conventional and unconventional monetary policies.

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