Posts
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September 21, 2015
Canada able to handle swings in resource prices, says Governor Poloz
The Canadian economy is able to deal with the challenges posed by large movements in resource prices, Bank of Canada Governor Stephen S. Poloz said today. In a speech at Calgary Economic Development’s 2016 Economic Outlook event, Governor Poloz said that it’s far better for Canada to have natural resources than not, even if swings […] -
September 21, 2015
Riding the Commodity Cycle: Resources and the Canadian Economy
Governor Poloz speaks about cycles in commodity prices and how Canada has used its endowment of natural resources to build a prosperous economy. -
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Public Policy Objectives and the Next Generation of CPA Systems: An Analytical Framework
The payments landscape in Canada is rapidly changing and will continue to evolve, fuelled by strong and persistent drivers. In Canada, the Canadian Payments Association (CPA) is on a path to modernize Canada’s core payment systems. -
September 16, 2015
Promoting Canada’s economic and financial well-being
Deputy Governor Agathe Côté discusses the core responsibilities of the Bank and the economic outlook. -
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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.