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2333
result(s)
Benchmarks for assessing labour market health
Staff Analytical Note 2022-2
Erik Ens,
Corinne Luu,
Kurt See,
Shu Lin Wee
We propose a range of benchmarks for assessing labour market strength for monetary policy. This work builds on a previous framework that considers how diverse and segmented the labour market is. We apply these benchmarks to the Canadian labour market and find that it has more than recovered from the COVID-19 shock.
Content Type(s):
Staff research,
Staff analytical notes
Topic(s):
Business fluctuations and cycles,
Coronavirus disease (COVID-19),
Econometric and statistical methods,
Labour markets,
Monetary policy
JEL Code(s):
E,
E2,
E24,
J,
J2,
J21,
J6
Exports and the Exchange Rate: A General Equilibrium Perspective
Staff Working Paper 2022-18
Patrick Alexander,
Abeer Reza
How do a country’s exports change when its currency depreciates? Does it matter which forces drive the exchange rate deprecation in the first place? We find that this relationship varies greatly depending on what drives exchange rate movements, and we conclude that the direct relationship between the exchange rate and exports is weak for Canada.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Balance of payments and components,
Business fluctuations and cycles,
Exchange rate regimes,
Exchange rates,
International topics,
Monetary policy transmission,
Trade integration
JEL Code(s):
F,
F3,
F31,
F32,
F33,
F4,
F41
What COVID-19 May Leave Behind: Technology-Related Job Postings in Canada
Staff Working Paper 2022-17
Alejandra Bellatin,
Gabriela Galassi
COVID-19 affects technology adoption: online job postings for technology-related occupations fall less during pandemic lockdowns and pick up faster during reopenings than postings for more traditional occupations.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Coronavirus disease (COVID-19),
Econometric and statistical methods,
Labour markets
JEL Code(s):
J,
J2,
J23,
J24,
O,
O1,
O14
Addictive Platforms
Staff Working Paper 2022-16
Shota Ichihashi,
Byung-Cheol Kim
We study competition for consumer attention, in which platforms can sacrifice service quality for attention. A platform can choose the “addictiveness” of its service.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Economic models
JEL Code(s):
D,
D4,
D40,
L,
L5,
L51
Contribution of Human Capital Accumulation to Canadian Economic Growth
Staff Discussion Paper 2022-7
Audra Bowlus,
Youngmin Park,
Chris Robinson
This paper quantifies the contribution of human capital accumulation to the growth of real gross domestic product (GDP) in Canada.
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
Econometric and statistical methods,
Labour markets,
Potential output,
Productivity
JEL Code(s):
D,
D2,
D24,
E,
E2,
E24,
J,
J2,
J24,
J3,
J31,
O,
O4,
O47
Real Exchange Rate Decompositions
Staff Discussion Paper 2022-6
Bruno Feunou,
Jean-Sébastien Fontaine,
Ingomar Krohn
We break down the exchange rate based on an explicit link between fixed income and currency markets. We isolate a foreign exchange risk premium and show it is the main driver of the exchange rate between the Canadian and US dollars, especially on monetary policy and macroeconomic news announcement days.
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
Asset pricing,
Exchange rates,
International financial markets,
Monetary policy transmission
JEL Code(s):
E,
E4,
E43,
F,
F3,
F31,
G,
G1,
G12
Equilibrium in Two-Sided Markets for Payments: Consumer Awareness and the Welfare Cost of the Interchange Fee
Staff Working Paper 2022-15
Kim Huynh,
Gradon Nicholls,
Oleksandr Shcherbakov
We construct and estimate a structural two-stage model of equilibrium in a market for payments in order to quantify the network externalities and identify the main determinants of consumer and merchant decisions.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Bank notes,
Digital currencies and fintech,
Econometric and statistical methods,
Financial services
JEL Code(s):
C,
C5,
C51,
D,
D1,
D12,
E,
E4,
E42,
L,
L1,
L14
Job Ladder and Business Cycles
Staff Working Paper 2022-14
Felipe Alves
During downturns, workers get stuck in low-productivity jobs and wages remain stagnant. I build an heterogenous agent incomplete market model with a full job ladder that accounts for these facts. An adverse financial shock calibrated to the US Great Recession replicates the period’s slow recovery and missing disinflation.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Business fluctuations and cycles,
Inflation and prices,
Labour markets,
Productivity
JEL Code(s):
D,
D3,
D31,
D5,
D52,
E,
E2,
E21,
E24,
E3,
E31,
E32
Vertical Bargaining and Obfuscation
Staff Working Paper 2022-13
Edona Reshidi
Is obscuring prices always bad for consumers? The answer depends on the market structure and on the negotiating power between manufacturers and retailers.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Economic models,
Market structure and pricing
JEL Code(s):
C,
C7,
C70,
L,
L1,
L13,
L4,
L42