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2334
result(s)
Evolving Temperature Dynamics in Canada: Preliminary Evidence Based on 60 Years of Data
Staff Working Paper 2021-22
Robert Amano,
Marc-André Gosselin,
Julien McDonald-Guimond
Are summers getting hotter? Do daily temperatures change more than they used to? Using daily Canadian temperature data from 1960 to 2020 and modern econometric methods, we provide economists and policy-makers evidence on the important climate change issue of evolving temperatures.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Climate change,
Econometric and statistical methods
JEL Code(s):
C,
C2,
C22,
Q,
Q5,
Q54
COVID-19’s impact on the financial health of Canadian businesses: An initial assessment
Staff Analytical Note 2021-8
Timothy Grieder,
Mikael Khan,
Juan Ortega,
Callie Symmers
Despite COVID-19 challenges, bold policy measures in Canada have helped businesses manage cash flow pressures and kept insolvency filings low. But the impact of the pandemic has been uneven, and the financial health of some firms may further deteriorate over the next year.
Content Type(s):
Staff research,
Staff analytical notes
Topic(s):
Coronavirus disease (COVID-19),
Credit and credit aggregates,
Financial stability,
Firm dynamics,
Recent economic and financial developments,
Sectoral balance sheet
JEL Code(s):
G,
G3,
G31,
G32,
G33,
G38
Optimal Monetary and Macroprudential Policies
Staff Working Paper 2021-21
Josef Schroth
Optimal coordination of monetary and macroprudential policies implies higher risk weights on (safe) bonds any time that banks are required to hold additional capital buffers. Coordination also implies a somewhat tighter monetary-policy stance whenever such capital buffers are released.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Credit and credit aggregates,
Financial stability,
Financial system regulation and policies,
Inflation targets,
Monetary policy
JEL Code(s):
E,
E4,
E44,
E6,
E60,
G,
G2,
G21,
G28
Behaviour in the Canadian large-value payment system: COVID-19 vs. the global financial crisis
Staff Analytical Note 2021-7
Alexander Chaudhry,
Anneke Kosse,
Karen Sondergard
Unlike the 2008–09 global financial crisis, the onset of the COVID-19 crisis did not raise stress levels in Canada’s Large Value Transfer System. Swift changes to the Bank of Canada’s collateral policy and its large-scale asset purchase programs likely eased liquidity pressures in the system.
Content Type(s):
Staff research,
Staff analytical notes
Topic(s):
Coronavirus disease (COVID-19),
Financial institutions,
Financial stability,
Payment clearing and settlement systems
JEL Code(s):
E,
E4,
E42,
E5,
E51,
E58,
E6,
E65
Four Decades of Canadian Earnings Inequality and Dynamics Across Workers and Firms
Staff Working Paper 2021-20
Audra Bowlus,
Émilien Gouin-Bonenfant,
Huju Liu,
Lance Lochner,
Youngmin Park
We use four decades of Canadian matched employer-employee data to explore how inequality and the dynamics of individual earnings have evolved over time in Canada. We also examine how the earnings growth of individuals is related to the growth of their employers.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Econometric and statistical methods,
Firm dynamics,
Labour markets,
Potential output,
Productivity
JEL Code(s):
D,
D2,
D22,
D3,
D31,
E,
E2,
E24,
J,
J2,
J24,
J3,
J31,
J6,
J63
Payments on Digital Platforms: Resiliency, Interoperability and Welfare
Staff Working Paper 2021-19
Jonathan Chiu,
Tsz-Nga Wong
This paper studies the business model choice between running a cash platform and a token platform, as well as its welfare and policy implications.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Digital currencies and fintech,
Monetary policy,
Payment clearing and settlement systems
JEL Code(s):
E,
E4,
E5,
L,
L5
Potential output and the neutral rate in Canada: 2021 update
Staff Analytical Note 2021-6
Dany Brouillette,
Guyllaume Faucher,
Martin Kuncl,
Austin McWhirter,
Youngmin Park
We expect potential output growth to be higher than in the October 2020 reassessment. By 2024, growth will be slightly above its average growth from 2010 to 2019. We assess that the Canadian nominal neutral rate continues to lie in the range of 1.75 to 2.75 percent.
Content Type(s):
Staff research,
Staff analytical notes
Topic(s):
Economic models,
Interest rates,
Labour markets,
Monetary policy,
Potential output,
Productivity
JEL Code(s):
E,
E2,
E23,
E24,
E3,
E37,
E4,
E43,
E5,
E52
Assessing global potential output growth and the US neutral rate: April 2021
Staff Analytical Note 2021-5
Thomas J. Carter,
Xin Scott Chen,
Ali Jaffery,
Christopher Hajzler,
Jonathan Lachaine,
Peter Shannon,
Subrata Sarker,
Graeme Westwood,
Beiling Yan
We expect global potential output growth to rise to 3 percent by 2022. Relative to the last assessment in October 2020, potential output growth has been revised up across all the regions. The range of the US neutral rate remains unchanged relative to the autumn 2020 assessment.
Content Type(s):
Staff research,
Staff analytical notes
Topic(s):
Interest rates,
Monetary policy,
Potential output,
Productivity
JEL Code(s):
E,
E1,
E2,
E4,
E5,
F,
F0,
O,
O4
Adoption of Digital Technologies: Insights from a Global Survey Initiative
Staff Discussion Paper 2021-7
James Fudurich,
Lena Suchanek,
Lise Pichette
Firms are at the forefront of adopting new technology. Using survey data from a global network of central banks, we assess the effects of digitalization on firms’ pricing and employment decisions.
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
Firm dynamics,
Inflation and prices,
Labour markets
JEL Code(s):
D,
D2,
D22,
E,
E3,
E31,
J,
J2,
J21,
O,
O3,
O33