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 Topic(s): Central bank research, Econometric and statistical methods, Economic models JEL Code(s): A, A1, A10, B, B2, B23, C, C4, C45, C5, C55
October 27, 2023 Overnight Reverse Repo Operations: Terms and conditions Read the terms and conditions of the Overnight Reverse Repo Operations.
Uncovering the Differences Among Displaced Workers: Evidence from Canadian Job Separation Records Staff Working Paper 2023-55 Serdar Birinci, Youngmin Park, Thomas Pugh, Kurt See We revisit the measurement of the sources and consequences of job displacement using Canadian job separation records. Content Type(s): Staff research, Staff working papers Topic(s): Labour markets, Potential output, Productivity JEL Code(s): E, E2, E24, E3, E32, J, J3, J31, J6, J63, J65
Borrow Now, Pay Even Later: A Quantitative Analysis of Student Debt Payment Plans Staff Working Paper 2023-54 Michael Boutros, Nuno Clara, Francisco Gomes We investigate alternative student debt contracts that defer payments and ease the burden of student loans on US households by preserving disposable income early in borrowers’ lives. Our model shows substantial welfare gains from these contracts relative to existing plans and gains similar to the Biden administration's proposals but with a significantly lower cost. Content Type(s): Staff research, Staff working papers Topic(s): Asset pricing, Economic models, Financial markets, Labour markets, Market structure and pricing JEL Code(s): E, E2, G, G5, H, H3
October 26, 2023 Bank of Canada announces appointment of Nick Leswick as Executive Director of Policy Media Relations Ottawa, Ontario The Bank of Canada today announced that Nick Leswick has been appointed to the new role of Executive Director of Policy, effective January 9, 2024. Content Type(s): Press, Press releases
October 26, 2023 Bank of Canada announces changes to Overnight Reverse Repo operations The Bank’s Overnight Reverse Repo (ORR) operations help reinforce the Bank’s target for the overnight rate in a floor system with large settlement balances. Content Type(s): Press, Market notices Source(s): Overnight repo and overnight reverse repo operations