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3865 Results

Can Capital Deepening Explain the Global Decline in Labor’s Share?

Staff working paper 2019-3 Andrew Glover, Jacob Short
We estimate an aggregate elasticity of substitution between capital and labor near or below one, which implies that capital deepening cannot explain the global decline in labor's share. Our methodology derives from transition paths in the neo-classical growth model.
June 19, 2013

Canada’s Economic Capacity Needs To Be Rebuilt and Confidence Strengthened, says Bank of Canada Governor Stephen S. Poloz

For Canada’s economy to grow in a self-sustaining, self-generating fashion, capacity needs to be rebuilt and business confidence strengthened, Bank of Canada Governor Stephen S. Poloz said today in a speech to the Oakville Chamber of Commerce. Although the Canadian economy has recovered the jobs and output lost during the recession, the structural damage caused […]
Content Type(s): Press, Press releases
September 12, 2007

A Clear Case for Transparency

Remarks David Dodge Canada-U.K. Chamber of Commerce London, United Kingdom
We have seen a remarkable continuation of robust global growth, fuelled by increases in international trade and facilitated by the continuing evolution and expansion of capital markets. Domestic demand began to grow more strongly in Europe and Asia and to slow in the United States, and this began to ease some of the concerns related to global imbalances that I spoke about during my last visit.

Uncertainty and Monetary Policy Experimentation: Empirical Challenges and Insights from Academic Literature

Staff discussion paper 2022-9 Matteo Cacciatore, Dmitry Matveev, Rodrigo Sekkel
Central banks face considerable uncertainty when conducting monetary policy. The COVID-19 pandemic brought this issue back to the forefront of policy discussions. We draw from academic literature to review key sources of uncertainty and how they affect the conduct of monetary policy.

Un examen plus approfondi des pressions salariales au Canada

Staff analytical note 2016-6 Dany Brouillette, Laurence Savoie-Chabot
In this note, we provide a brief outline of the recent developments in wage measures in Canada. We then assess whether wage growth is consistent with its fundamentals.
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