Posts

• Search Frictions, Financial Frictions and Labour Market Fluctuations in Emerging Markets

  Staff Working Paper 2014-35 Sumru Altug, Serdar Kabaca

  This paper examines the role of the extensive and intensive margins of labour input in the context of a business cycle model with a financial friction. We document significant variation in the hours worked per worker for many emerging-market economies. Both employment and hours worked per worker are positively correlated with each other and with output.

  Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Development economics, Interest rates, International topics, Labour markets JEL Code(s): E, E4, E44, F, F4, F41, J, J4, J40

• Housework and Fiscal Expansions

  Staff Working Paper 2014-34 Stefano Gnocchi, Daniela Hauser, Evi Pappa

  We build an otherwise-standard business cycle model with housework, calibrated consistently with data on time use, in order to discipline consumption-hours complementarity and relate its strength to the size of fiscal multipliers.

  Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Fiscal policy JEL Code(s): E, E2, E24, E3, E32, E5, E52, E6, E62

• Competition in the Cryptocurrency Market

  Staff Working Paper 2014-33 Neil Gandal, Hanna Halaburda

  We analyze how network effects affect competition in the nascent cryptocurrency market. We do so by examining the changes over time in exchange rate data among cryptocurrencies.

  Content Type(s): Staff research, Staff working papers Topic(s): Digital currencies and fintech JEL Code(s): L, L1

• Commodity Price Co-Movement and Global Economic Activity

  Staff Working Paper 2014-32 Ron Alquist, Olivier Coibion

  Guided by a macroeconomic model in which non-energy commodity prices are endogenously determined, we apply a new factor-based identification strategy to decompose the historical sources of changes in commodity prices and global economic activity.

  Content Type(s): Staff research, Staff working papers Topic(s): Economic models, International topics JEL Code(s): E, E3, F, F4
• August 1, 2014

  Weekly Financial Statistics - 1 August 2014

  Content Type(s): Publications, Historical: Weekly Financial Statistics
• July 31, 2014

  Banking and Financial Statistics - July 2014

  Content Type(s): Publications, Historical: Banking and Financial Statistics
• July 31, 2014

  Research Update - July 2014

  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): Research newsletters
• July 29, 2014

  Bank of Canada Publishes 2015 Schedule for Policy Interest Rate Announcements and Release of the Monetary Policy Report

  Media Relations Ottawa, Ontario

  The Bank of Canada today published its 2015 schedule of the key dates for policy interest rate announcements and release of the quarterly Monetary Policy Report, and reconfirmed the scheduled announcement dates for the remainder of this year.

  Content Type(s): Press, Press releases
• July 28, 2014

  Qualifying Central Counterparties

  This notice is being jointly issued by the Bank of Canada (BoC), the Alberta Securities Commission (ASC), the Autorité des marchés financiers (AMF, Québec), the British Columbia Securities Commission (BCSC), the Manitoba Securities Commission (MSC) and the Ontario Securities Commission (OSC).

  Content Type(s): Press, Market notices
• July 25, 2014

  Weekly Financial Statistics - 25 July 2014

  Content Type(s): Publications, Historical: Weekly Financial Statistics