Cyclicality of Schooling: New Evidence from Unobserved Components Models
What is the time-varying impact of economic cycles on decisions to invest in human capital?
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1356
result(s)
Predicting Payment Migration in Canada
Staff Working Paper 2020-37
Anneke Kosse,
Zhentong Lu,
Gabriel Xerri
Developments are underway to replace Canada’s two core payment systems with three new systems. We use a discrete choice model to predict migration patterns of end-users and financial institutions for future systems and discuss their policy implications.
Content Type(s):
Staff research,
Staff working papers
Research Topic(s):
Financial institutions,
Financial services,
Financial stability,
Financial system regulation and policies,
Payment clearing and settlement systems
JEL Code(s):
C,
C3,
E,
E4,
E42,
G,
G1,
G2,
G28
Child Skill Production: Accounting for Parental and Market-Based Time and Goods Investments
Staff Working Paper 2020-36
Elizabeth Caucutt,
Lance Lochner,
Joseph Mullins,
Youngmin Park
Can daycare replace parents’ time spent with children? We explore this by using data on how parents spend time and money on children and how this spending is related to their child’s development.
Content Type(s):
Staff research,
Staff working papers
Research Topic(s):
Fiscal policy,
Labour markets,
Potential output,
Productivity
JEL Code(s):
D,
D1,
D13,
H,
H3,
H31,
J,
J2,
J22,
J24
Why Do Central Banks Make Public Announcements of Open Market Operations?
Staff Working Paper 2020-35
Narayan Bulusu
Central banks communicate the results of open market operations. This helps participants in financial markets more accurately estimate the prevailing demand and supply conditions in the market for overnight loans.
Content Type(s):
Staff research,
Staff working papers
Research Topic(s):
Central bank research,
Monetary policy implementation
JEL Code(s):
D,
D5,
D52,
E,
E5,
E58,
G,
G2,
G21
Monetary Policy and Cross-Border Interbank Market Fragmentation: Lessons from the Crisis
Staff Working Paper 2020-34
Tobias Blattner,
Jonathan Swarbrick
We present a two-country model featuring risky lending and cross-border interbank market frictions.
Content Type(s):
Staff research,
Staff working papers
Research Topic(s):
Business fluctuations and cycles,
Credit and credit aggregates,
International financial markets,
Monetary policy framework,
Monetary policy transmission
JEL Code(s):
E,
E4,
E44,
E5,
E52,
F,
F3,
F32,
F36
Survival Analysis of Bank Note Circulation: Fitness, Network Structure and Machine Learning
Staff Working Paper 2020-33
Diego Rojas,
Juan Estrada,
Kim Huynh,
David T. Jacho-Chávez
Using the Bank of Canada's Currency Information Management Strategy, we analyze the network structure traced by a bank note’s travel in circulation and find that the denomination of the bank note is important in our potential understanding of the demand and use of cash.
Content Type(s):
Staff research,
Staff working papers
Research Topic(s):
Bank notes,
Econometric and statistical methods,
Payment clearing and settlement systems
JEL Code(s):
C,
C5,
C52,
C6,
C65,
C8,
C81,
E,
E4,
E42,
E5,
E51
The Interplay of Financial Education, Financial Literacy, Financial Inclusion and Financial Stability: Any Lessons for the Current Big Tech Era?
Staff Working Paper 2020-32
Nicole Jonker,
Anneke Kosse
The objective of this paper is twofold. First, we assess whether financial education might be a suitable tool to promote the financial inclusion opportunities that big techs provide. Second, we study how this potential financial inclusion could impact financial stability.
Content Type(s):
Staff research,
Staff working papers
Research Topic(s):
Development economics,
Digital currencies and fintech,
Financial markets,
Financial services,
Financial stability
JEL Code(s):
D,
D1,
D14,
D9,
D91,
D92,
G,
G2,
G21,
G23,
O,
O1,
O16
Average is Good Enough: Average-inflation Targeting and the ELB
Staff Working Paper 2020-31
Robert Amano,
Stefano Gnocchi,
Sylvain Leduc,
Joel Wagner
The Great Recession and current pandemic have focused attention on the constraint on nominal interest rates from the effective lower bound.
Content Type(s):
Staff research,
Staff working papers
Research Topic(s):
Business fluctuations and cycles,
Economic models,
Monetary policy framework
JEL Code(s):
E,
E3,
E31,
E32,
E5,
E52
Ten Isn’t Large! Group Size and Coordination in a Large-Scale Experiment
Staff Working Paper 2020-30
Jasmina Arifovic,
Cars Hommes,
Anita Kopányi-Peuker,
Isabelle Salle
Economic activities typically involve coordination among a large number of agents. These agents have to anticipate what other agents think before making their own decisions.
Content Type(s):
Staff research,
Staff working papers
Research Topic(s):
Financial markets,
Financial stability
JEL Code(s):
C,
C9,
C92,
D,
D8,
D83,
D9,
D90,
G,
G2,
G20
Maturity Composition and the Demand for Government Debt
Staff Working Paper 2020-29
Jason Allen,
Jakub Kastl,
Milena Wittwer
The main objectives of debt management are to raise stable and low-cost funding to meet the government’s financial needs and to maintain a well-functioning market for government securities.
Content Type(s):
Staff research,
Staff working papers
Research Topic(s):
Debt management,
Financial markets
JEL Code(s):
C,
C1,
C14,
D,
D4,
D44,
E,
E5,
E58,
G,
G1,
G12