In addition to the research grants for leading academics at Canadian universities provided under the Fellowship Program - Research Grants, the Bank of Canada has the following awards:

Bank of Canada’s Top Research Award

The Bank of Canada’s Top Research Award recognizes achievements in economic and financial system research coming from within our organization. The award is issued annually to the individual or group who made the most significant contribution to our research agenda through work published in the previous calendar year.

2017: Wataru Miyamoto, “Government Spending Multipliers Under the Zero Lower Bound: Evidence from Japan

Best Student Paper Award - Annual NFA Conference

The Bank of Canada Best Student Paper Award recognizes the best paper written by a student and accepted for presentation at the Northern Finance Association (NFA) Annual Conference. The award has been given annually since 2015, when it replaced the Best Paper Award.

Past winners:

2017: Nuri Ersahin (University of Illinois at Urbana-Champaign)​
2016: ​Christoph Schiller (Rotman School of Management, University of Toronto)
​2015: ​Zhe Wang (Stanford) and Yi Chen (Yale)

Best Paper Award - Annual NFA Conference

The Bank of Canada Award for the Best Paper on the Canadian Financial System was given annually between 2003 and 2013. Eligible papers included all those accepted for presentation at the Northern Finance Association (NFA) Annual Conference.

Past winners:

2018: Ryan Kim (Columbia University)
2013: Talis Putnins (University of Technology Sydney)
2012: Hamed Mahmudi (Oklahoma)
2011: D.J. Cumming (York), Ari Pandes (Calgary), Michael Robinson (Calgary)
2010: Martin Boyer (HEC Montréal), Lea Stern (Ohio State)
2009: Blake Phillips (Alberta), Aditya Kaul (Alberta)
2008: Ari Pandes (Calgary), Elizabeth Maynes (York)
2007: Haibo Fan (Concordia), Lorne Switzer (Concordia)
2006: Georges Dionne (HEC Montréal), Maria Pacurar, Pierre Duchesne
2005: Lawrence Kryzanowski (Concordia), Skander Lazrak (Brock)
2004: Craig Wilison (Saskatchewan), Robert Elliott (Calgary)
2003: Susan Christoffersen (McGill), Chris Geczy (Wharton), David Musto (Wharton), Adam Reed (North Carolina)

Graduate Student Paper Award

The Bank of Canada Graduate Student Paper Award is conferred annually at a workshop held here at the Bank. The purpose of this award is to promote high-quality research in the subject areas relevant for the Bank’s mandate.

The award is open to Permanent Canadian Resident graduate (PhD) students at any institution worldwide and graduate (PhD) students enrolled at a Canadian university.

More information about the award and eligibility: 2019 Bank of Canada Student Paper Award - Call for Nominations.

Past winners and runners-up:

2018: Award winner, Christoph Schiller (Toronto), runner-up Kurt See (Minnesota)
2017: Award winner, Pierluca Pannella (University of British Columbia)
2016: Award winner, Bingjing Li (University of British Columbia), runner-up Oscar Becerra (University of British Columbia)
2015: Award winner, Hugo Jales (University of British Columbia), runners-up Chad Kendall (University of British Columbia) and Derek Messacar (Toronto)
2014: Award winner, Jonathan Hoddenbagh (Boston College), runner-up Edouard Djeutem (Simon Fraser University)