May 4, 2017 Canada and Mexico: Common Issues in Uncommon Times Remarks Stephen S. Poloz CanCham México and Club de Industriales Mexico City, Mexico Governor Stephen S. Poloz discusses how shared economic traits leave Canada and Mexico well placed to face global challenges. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Monetary policy, Economy/Economic growth, Inflation, Inflation targeting framework
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April 28, 2017 Weekly Financial Statistics - 28 April 2017 Content Type(s): Publications, Historical: Weekly Financial Statistics
April 28, 2017 Research Update - April 2017 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 27, 2017 Banking and Financial Statistics - April 2017 Content Type(s): Publications, Historical: Banking and Financial Statistics
April 25, 2017 CFIF Meeting (April 25, 2017) Content Type(s): Meetings Source(s): Canadian Fixed-Income Forum
April 21, 2017 Weekly Financial Statistics - 21 April 2017 Content Type(s): Publications, Historical: Weekly Financial Statistics
Vertical Specialization and Gains from Trade Staff working paper 2017-17 Patrick Alexander Multi-stage production is widely recognized as an important feature of the modern global economy. This feature has been incorporated into many state-of-the-art quantitative trade models, and has been shown to deliver significant additional gains from international trade. Content Type(s): Staff research, Staff working papers JEL Code(s): F, F1, F11, F14, F6, F60 Research Theme(s): Models and tools, Economic models, Structural challenges, International trade, finance and competitiveness
Downward Nominal Wage Rigidity Meets the Zero Lower Bound Staff working paper 2017-16 Robert Amano, Stefano Gnocchi We add downward nominal wage rigidity to a standard New Keynesian model with sticky prices and wages, where the zero lower bound on nominal interest rates is allowed to bind. We find that wage rigidity not only reduces the frequency of zero bound episodes but also mitigates the severity of corresponding recessions. Content Type(s): Staff research, Staff working papers JEL Code(s): E, E2, E24, E3, E32, E5, E52 Research Theme(s): Monetary policy, Inflation dynamics and pressures, Monetary policy framework and transmission, Real economy and forecasting