June 18, 2020
Domestic demand and components
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June 18, 2020
Living with limits: household behaviour in Canada in the time of COVID-19
Deputy Governor Lawrence Schembri explains how the COVID-19 pandemic has affected household spending and economic activity, and discusses what the recovery is expected to look like. -
May 20, 2020
Decisive actions in difficult times
Deputy Governor Timothy Lane talks about the Bank’s decisive actions in response to COVID-19, and how these will help Canadians now and in the future. -
May 20, 2020
Policies for the Great Global Shutdown and Beyond
Deputy Governor Timothy Lane explains how the Bank is helping Canadian households and businesses weather the COVID-19 crisis, and how our actions today are laying a solid foundation for our future economic recovery. -
Disaggregating Household Sensitivity to Monetary Policy by Expenditure Category
Because the Bank of Canada has started withdrawing monetary stimulus, monitoring the transmission of these changes to monetary policy will be important. Subcomponents of consumption and housing will likely respond differently to a monetary policy tightening, both in terms of the aggregate effect and timing. -
September 27, 2018
Technological Disruption and Opportunity
Governor Poloz talks about how new digital technologies create opportunities in the economy and affect how the Bank conducts monetary policy. -
August 25, 2018
The Fourth Industrial Revolution and Central Banking
Governor Poloz talks about the economic benefits expected from disruptive digital technologies and the implications for monetary policy. -
Did U.S. Consumers Respond to the 2014–2015 Oil Price Shock? Evidence from the Consumer Expenditure Survey
The impact of oil price shocks on the U.S. economy is a topic of considerable debate. In this paper, we examine the response of U.S. consumers to the 2014–2015 negative oil price shock using representative survey data from the Consumer Expenditure Survey. -
March 13, 2018
Today’s Labour Market and the Future of Work
Governor Stephen S. Poloz discusses the untapped potential in Canada’s labour market and how it extends into the workforce of tomorrow. -
Identification of Random Resource Shares in Collective Households Without Preference Similarity Restrictions
Resource shares, defined as the fraction of total household spending going to each person in a household, are important for assessing individual material well-being, inequality and poverty. They are difficult to identify because consumption is measured typically at the household level, and many goods are jointly consumed, so that individual-level consumption in multi-person households is not directly observed.