Sluggish Exports in Advanced Economies: How Much Is Due to Demand?
Exports in advanced economies have been relatively sluggish since 2011, growing at a much slower pace than observed before the global financial crisis.
Staff discussion papers are completed staff research studies on a wide variety of subjects relevant to central bank policy.
Content older than 10 years is available on the Bank’s Open Access Repository.
295
result(s)
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
Research 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
Research 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
Research 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
Research 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
The Neutral Rate of Interest in Canada
Staff Discussion Paper 2014-5
Rhys R. Mendes
A measure of the neutral policy interest rate can be used to gauge the stance of monetary policy. We define the neutral rate as the real policy rate consistent with output at its potential level and inflation equal to target after the effects of all cyclical shocks have dissipated.
Content Type(s):
Staff research,
Staff discussion papers
Research Topic(s):
Interest rates,
Monetary policy transmission
JEL Code(s):
E,
E4,
E40,
E42,
E43,
E5,
E50,
E52,
E58
Removal of the Unwinding Provisions in the Automated Clearing Settlement System: A Risk Assessment
Staff Discussion Paper 2014-4
Nicholas Labelle,
Varya Taylor
A default in the Automated Clearing Settlement System (ACSS) occurs when a Direct Clearer is unable to settle its final obligation.
Content Type(s):
Staff research,
Staff discussion papers
Research Topic(s):
Financial stability,
Payment clearing and settlement systems
JEL Code(s):
C,
C1,
C15,
G,
G0,
G01,
G2,
G3
Forecasting Short-Term Real GDP Growth in the Euro Area and Japan Using Unrestricted MIDAS Regressions
Staff Discussion Paper 2014-3
Maxime Leboeuf,
Louis Morel
In this paper, the authors develop a new tool to improve the short-term forecasting of real GDP growth in the euro area and Japan. This new tool, which uses unrestricted mixed-data sampling (U-MIDAS) regressions, allows an evaluation of the usefulness of a wide range of indicators in predicting short-term real GDP growth.
Content Type(s):
Staff research,
Staff discussion papers
Research Topic(s):
Econometric and statistical methods,
International topics
JEL Code(s):
C,
C5,
C50,
C53,
E,
E3,
E37,
E4,
E47
Electronic Money and Payments: Recent Developments and Issues
Staff Discussion Paper 2014-2
Ben Fung,
Miguel Molico,
Gerald Stuber
The authors review recent developments in retail payments in Canada and elsewhere, with a focus on e-money products, and assess their potential public policy implications.
Content Type(s):
Staff research,
Staff discussion papers
Research Topic(s):
Bank notes,
Digital currencies and fintech,
Financial services,
Payment clearing and settlement systems
JEL Code(s):
E,
E4,
E41,
E42
Canadian Non-Energy Exports: Past Performance and Future Prospects
Staff Discussion Paper 2014-1
André Binette,
Daniel de Munnik,
Émilien Gouin-Bonenfant
Canada has continued to lose market share in the United States since the Great Recession, beyond what our bilateral competitiveness measures (relative unit labour costs) would suggest.
Content Type(s):
Staff research,
Staff discussion papers
Research Topic(s):
Balance of payments and components,
Exchange rates
JEL Code(s):
F,
F1,
F10,
F14,
F4,
F43