September 16, 2015
Posts
-
-
-
September 10, 2015
Liquidity Risk in Asset Management: Financial Stability Perspective Conference
Conference held on 10 and 11 September 2015 -
The Carrot and the Stick: The Business Cycle Implications of Incentive Pay in the Labor Search Model
This paper considers a real business cycle model with labor search frictions where two types of incentive pay are explicitly introduced following the insights from the micro literature on performance pay (e.g. Lazear, 1986). -
Heterogeneity in the Dynamic Effects of Uncertainty on Investment
How does aggregate profit uncertainty influence investment activity at the firm level? We propose a parsimonious adaptation of a factor-autoregressive conditional heteroscedasticity model to exploit information in a subindustry sales panel for an efficient and tractable estimation of aggregate volatility. -
September 9, 2015
Bank of Canada Unveils and Issues Commemorative $20 Bank Note
At an official ceremony at Rideau Hall, the Bank of Canada today unveiled and issued a special commemorative $20 bank note honouring Her Majesty Queen Elizabeth II. As of this day, Elizabeth II’s reign exceeds that of her great-great-grandmother, Queen Victoria, making Her Majesty the longest-reigning sovereign in Canada’s modern era. -
September 9, 2015
Bank of Canada maintains overnight rate target at 1/2 per cent
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent. -
-
August 31, 2015
Research Update - August 2015
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. -