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136 Results

Child Skill Production: Accounting for Parental and Market-Based Time and Goods Investments

Can daycare replace parents’ time spent with children? We explore this by using data on how parents spend time and money on children and how this spending is related to their child’s development.
February 5, 2020

Securing prosperity is up to all of us

Speech summary Carolyn A. Wilkins Economic Club of Canada Toronto, Ontario
Senior Deputy Governor Carolyn A. Wilkins explains that Canada is well-positioned to secure prosperity and avoid a long period of slow growth if we take the right steps.
February 5, 2020

Our Economic Destiny: Written in R-stars?

Remarks Carolyn A. Wilkins Economic Club of Canada Toronto, Ontario
Senior Deputy Governor Carolyn A. Wilkins talks about how to navigate slow growth and discusses the types of policies that would help secure long-term prosperity.

Technology Adoption in Input-Output Networks

Staff Working Paper 2019-51 Xintong Han, Lei Xu
We study how input-output networks affect the speed of technology adoption. In particular, we model the decision to adopt the programming language Python 3 by software packages. Python 3 provides advanced features but is not backward compatible with Python 2, which implies it comes with adoption costs.
Content Type(s): Staff research, Staff working papers Topic(s): Economic models, Firm dynamics, Productivity JEL Code(s): C, C6, C61, L, L2, L23, L8, L86, O, O1, O14, O3, O33
December 12, 2019

The Bank of Canada’s plans for 2020

Speech summary Stephen S. Poloz Empire Club of Canada Toronto, Ontario
In his traditional year-end speech, Governor Stephen S. Poloz described some of the long-term forces affecting the global and Canadian economies that will shape the Bank’s work in 2020.

Lending Standards, Productivity and Credit Crunches

Staff Working Paper 2019-25 Jonathan Swarbrick
We propose a macroeconomic model in which adverse selection in investment drives the amplification of macroeconomic fluctuations, in line with prominent roles played by the credit crunch and collapse of the asset-backed security market in the financial crisis.
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