Immigration and Provision of Public Goods: Evidence at the Local Level in the U.S. Staff Working Paper 2023-57 Anna Maria Mayda, Mine Z. Senses, Walter Steingress Using U.S. county-level data from 1990 to 2010, we study the causal impact of immigration on the provision of local public goods. We uncover substantial heterogeneity across immigrants with different skills and immigrants of different generations, which leads to unequal fiscal effects across U.S. counties. Content Type(s): Staff research, Staff working papers Research Topic(s): Fiscal policy, International topics, Regional economic developments JEL Code(s): F, F2, F22, H, H4, H41, H7, J, J6, J61, J68, R, R5
November 22, 2023 Speech by Tiff Macklem, Governor of the Bank of Canada On Wednesday, November 22, 2023, Tiff Macklem, Governor of the Bank of Canada, will speak before the Saint John Region Chamber of Commerce. Content Type(s): Press, Media advisories
November 22, 2023 Ending the pain of high inflation Remarks Tiff Macklem Saint John Region Chamber of Commerce Saint John, New Brunswick Bank of Canada Governor Tiff Macklem explains how high inflation is hurting Canadians and how monetary policy is working to bring inflation back to target. Content Type(s): Press, Speeches and appearances, Remarks Research Topic(s): Inflation and prices, Inflation: costs and benefits, Interest rates, Labour markets, Monetary policy, Price stability
November 22, 2023 Fighting to get back to low inflation Speech summary Tiff Macklem Saint John Region Chamber of Commerce Saint John, New Brunswick Governor Tiff Macklem outlines how high inflation is hurting Canadians and how monetary policy is working to bring it down. He also explains why the Bank of Canada must stay the course in its inflation fight. Content Type(s): Press, Speeches and appearances, Speech summaries Research Topic(s): Inflation and prices, Inflation: costs and benefits, Interest rates, Labour markets, Monetary policy, Price stability
November 21, 2023 CFIF Meeting (November 21, 2023) Content Type(s): Meetings Source(s): Canadian Fixed-Income Forum
November 20, 2023 CARR Meeting (November 20, 2023) Content Type(s): Meetings Source(s): Canadian Alternative Reference Rate Working Group
November 17, 2023 Quarterly Financial Report - Third Quarter 2023 Quarterly Financial Report - Third Quarter 2023 - For the period ended September 30, 2023 Content Type(s): Publications, Quarterly Financial Report
How Far Do Canadians Need to Travel to Access Cash? Staff Discussion Paper 2023-28 Heng Chen, Daneal O’Habib, Hongyu Xiao This paper develops a travel-based metric to measure Canadians’ access to cash from automated banking machines (ABMs) and financial institution branches. We find that, overall, access to cash remained stable between 2019 and 2022. The total number of ABMs in Canada increased by 3.7% and the total number of branches decreased by 5.2% during that period. Content Type(s): Staff research, Staff discussion papers Research Topic(s): Bank notes, Financial services, Regional economic developments JEL Code(s): G, G2, G21, J, J1, J15, R, R5, R51