Staff discussion papers are completed staff research studies on a wide variety of subjects relevant to central bank policy.
270
result(s)
On the Nexus of Monetary Policy and Financial Stability: Recent Developments and Research
Staff Discussion Paper 2015-7
Oleksiy Kryvtsov,
Miguel Molico,
Ben Tomlin
Because financial and macroeconomic conditions are tightly interconnected, financial stability considerations are an important element of any monetary policy framework. Yet, the circumstances under which it would be appropriate for the Bank to use monetary policy to lean against financial risks need to be more fully specified (Côté 2014).
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
Financial stability,
Monetary policy framework
JEL Code(s):
E,
E0,
E4,
E44,
E5,
E52,
E58,
G,
G1,
G18
Public Policy Objectives and the Next Generation of CPA Systems: An Analytical Framework
Staff Discussion Paper 2015-6
James Chapman,
Jonathan Chiu,
Sajjad Jafri,
Héctor Pérez Saiz
The payments landscape in Canada is rapidly changing and will continue to evolve, fuelled by strong and persistent drivers. In Canada, the Canadian Payments Association (CPA) is on a path to modernize Canada’s core payment systems.
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
Economic models,
Financial services,
Financial system regulation and policies,
Payment clearing and settlement systems
JEL Code(s):
E,
E4,
E42,
L,
L1,
L14,
L15,
L5,
L52
Decomposing Movements in U.S. Non-Energy Import Market Shares
Staff Discussion Paper 2015-5
Russell Barnett,
Karyne B. Charbonneau
Country market shares of U.S. non-energy imports have changed considerably since 2002, with varying volatility across three subperiods: pre-crisis (2002–07), crisis (2007–09) and post-crisis (2009–14). In this paper, we analyze market shares for four main trading partners of the United States (Canada, Mexico, China and Japan).
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
International topics
JEL Code(s):
F,
F1,
F10,
F14,
F4
2013 Methods-of-Payment Survey Results
Staff Discussion Paper 2015-4
Christopher Henry,
Kim Huynh,
Rallye Shen
As the sole issuer of bank notes, the Bank of Canada conducts methods-of-payment (MOP) surveys to obtain a detailed and representative snapshot of Canadian payment choices, with a focus on cash usage.
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
Bank notes,
Digital currencies and fintech
JEL Code(s):
E,
E4
Sluggish Exports in Advanced Economies: How Much Is Due to Demand?
Staff Discussion Paper 2015-3
Louis Morel
Exports in advanced economies have been relatively sluggish since 2011, growing at a much slower pace than observed before the global financial crisis.
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
International topics,
Recent economic and financial developments
JEL Code(s):
F,
F1,
F4
Changing Labour Market Participation Since the Great Recession: A Regional Perspective
Staff Discussion Paper 2015-2
Calista Cheung,
Dmitry Granovsky,
Gabriella Velasco
This paper discusses broad trends in labour force participation and part-time employment across different age groups since the Great Recession and uses provincial data to identify changes related to population aging, cyclical effects and other factors.
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
Labour markets,
Recent economic and financial developments,
Regional economic developments
JEL Code(s):
E,
E2,
E24,
E3,
E32,
J,
J1,
J2,
J21,
J6
Measuring Potential Output at the Bank of Canada: The Extended Multivariate Filter and the Integrated Framework
Staff Discussion Paper 2015-1
Lise Pichette,
Pierre St-Amant,
Ben Tomlin,
Karine Anoma
Estimating potential output and the output gap - the difference between actual output and its potential - is important for the proper conduct of monetary policy. However, the measurement and interpretation of potential output, and hence the output gap, is fraught with uncertainty, since it is unobservable.
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
Economic models,
Inflation and prices,
Labour markets,
Productivity
JEL Code(s):
E,
E0,
E3,
E31,
E5,
E52
Why Do Canadian Firms Invest and Operate Abroad? Implications for Canadian Exports
Staff Discussion Paper 2014-7
Martin Coiteux,
Patrick Rizzetto,
Lena Suchanek,
Jane Voll
Canadian foreign direct investment and sales of Canadian multinational firms’ operations abroad, particularly in the manufacturing industry and in the United States, have accelerated sharply over the past decade.
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
International topics,
Recent economic and financial developments
JEL Code(s):
F,
F1,
F10,
F2,
F21,
F23,
F4,
F41
Integrating Uncertainty and Monetary Policy-Making: A Practitioner’s Perspective
Staff Discussion Paper 2014-6
Stephen S. Poloz
This paper discusses how central banking is evolving in light of recent experience, with particular emphasis on the incorporation of uncertainty into policy decision-making.
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
Economic models,
Financial stability,
Monetary policy and uncertainty,
Monetary policy communications,
Monetary policy framework
JEL Code(s):
C,
C5,
C50,
E,
E3,
E37,
E5,
E6,
E61