May 31, 2015 Research Update - May 2015 This monthly newsletter features the latest research publications by Bank of Canada economists including external publications and working papers published on the Bank of Canada’s website. Content Type(s): Staff research, Research newsletters
April 6, 2015 Backgrounder on the Question in the Business Outlook Survey Concerning the Intensity of Labour Shortages Starting with the 2015 spring survey, the results from a question on the intensity of labour shortages are being included in the Business Outlook Survey (BOS). This backgrounder briefly describes the question and presents the correlations between the responses and various measures of pressures on production capacity and labour market conditions. Content Type(s): Background materials
Monetary Policy Spillover to Small Open Economies: Is the Transmission Different under Low Interest Rates? Staff working paper 2021-62 Jin Cao, Valeriya Dinger, Tomás Gómez, Zuzana Gric, Martin Hodula, Alejandro Jara, Ragnar Juelsrud, Karolis Liaudinskas, Simona Malovaná, Yaz Terajima Does the transmission of monetary policy change when interest rates are low or negative? We shed light on this question by analyzing the international bank lending channels of monetary policy using regulatory data on banks from four small open economies: Canada, Chile, the Czech Republic and Norway. Content Type(s): Staff research, Staff working papers JEL Code(s): E, E4, E43, E5, E52, E58, F, F3, F34, F4, F42, G, G2, G21, G28 Research Theme(s): Financial system, Financial institutions and intermediation, Household and business credit, Monetary policy, Monetary policy framework and transmission, Structural challenges, International trade, finance and competitiveness
October 17, 2019 Conference on the Economics of Central Bank Digital Currency by the Bank of Canada and Sveriges Riksbank The Bank of Canada and Sveriges Riksbank jointly organized this conference on October 17 and 18, 2019 at the Bank of Canada headquarters in Ottawa, Ontario. The event aimed at providing a forum for central bankers and academic researchers to discuss the arguments for and against the issuance of CBDC and under what conditions, if any, governments should issue their own digital currencies. Content Type(s): Conferences and workshops
August 19, 2021 Quarterly Financial Report - Second Quarter 2021 Quarterly Financial Report - Second Quarter 2021 - For the period ended June 30, 2021 Content Type(s): Publications, Quarterly Financial Report
August 22, 2024 Quarterly Financial Report - Second Quarter 2024 Quarterly Financial Report - Second Quarter 2024 - For the period ended June 30, 2024, unaudited Content Type(s): Publications, Quarterly Financial Report
The Neutral Rate in Canada: 2018 Estimates Staff analytical note 2018-22 Xin Scott Chen, José Dorich The neutral nominal policy rate serves as a benchmark for assessing the degree of monetary stimulus and provides a medium- to long-run anchor for the policy rate. Since quantitative measures of the neutral rate are subject to considerable uncertainty, Bank staff rely on four different approaches to estimate the Canadian neutral rate. Content Type(s): Staff research, Staff analytical notes JEL Code(s): E, E4, E40, E43, E5, E50, E52, E58, F, F4, F41 Research Theme(s): Models and tools, Economic models, Monetary policy, Monetary policy framework and transmission
Assessing tariff pass-through to consumer prices in Canada: Lessons from 2018 Staff analytical note 2025-18 Alexander Lam US trade protectionism is making the economic outlook increasingly uncertain. To assess how consumer prices may respond to tariffs, we examine a tariff episode from 2018 using detailed microdata and the synthetic control method. Content Type(s): Staff research, Staff analytical notes JEL Code(s): E, E3, E30, E31, F, F1, F10, F13, F14 Research Theme(s): Monetary policy, Inflation dynamics and pressures, Structural challenges, International trade, finance and competitiveness
COVID-19 and Financial Stability: Practice Ahead of Theory Staff discussion paper 2022-18 Jing Yang, Hélène Desgagnés, Grzegorz Halaj, Yaz Terajima The COVID-19 pandemic uncovered policy challenges related to the economic measures that were taken to support the economy. Two years later, we attempt to identify the broader impact of these measures and research that needs to follow. Content Type(s): Staff research, Staff discussion papers JEL Code(s): E, E5, E58, E6, E61, G, G2, G21, H, H3, H8, H84 Research Theme(s): Financial system, Financial stability and systemic risk, Financial system regulation and oversight, Household and business credit, Monetary policy, Real economy and forecasting
Machine learning for economics research: when, what and how Staff analytical note 2023-16 Ajit Desai This article reviews selected papers that use machine learning for economics research and policy analysis. Our review highlights when machine learning is used in economics, the commonly preferred models and how those models are used. Content Type(s): Staff research, Staff analytical notes JEL Code(s): A, A1, A10, B, B2, B23, C, C4, C45, C5, C55 Research Theme(s): Models and tools, Econometric, statistical and computational methods, Structural challenges, Digitalization and productivity