Job Ladder and Business Cycles Staff working paper 2022-14 Felipe Alves During downturns, workers get stuck in low-productivity jobs and wages remain stagnant. I build an heterogenous agent incomplete market model with a full job ladder that accounts for these facts. An adverse financial shock calibrated to the US Great Recession replicates the period’s slow recovery and missing disinflation. Content Type(s): Staff research, Staff working papers JEL Code(s): D, D3, D31, D5, D52, E, E2, E21, E24, E3, E31, E32 Research Theme(s): Models and tools, Economic models, Monetary policy, Real economy and forecasting, Structural challenges, Demographics and labour supply
July 2, 2026 Updates to Government of Canada Cash Management Bond Buyback Program The Bank of Canada and the Department of Finance are announcing today that the maximum repurchase amount for Government of Canada Cash Management Bond Buyback (CMBB) operations will no longer be fixed at $2 billion per operation and instead be determined by available excess cash at the time of the operation. Content Type(s): Press, Market notices
May 27, 1998 Bank of Canada Governor speaks at La Conférence de Montréal Media Relations In a speech delivered today to delegates to La Conférence de Montréal, Bank of Canada Governor Gordon Thiessen examined the impact of financial market globalization on the world economy. Content Type(s): Press, Press releases
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