Staff research, Publications
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October 19, 2016
Monetary Policy Report – October 2016
Growth in the Canadian economy is expected to increase from 1.1 per cent this year to about 2.0 per cent in 2017 and 2018. -
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October 7, 2016
Business Outlook Survey - Autumn 2016
The autumn Business Outlook Survey provides some signs of improving business prospects, as resource-related activity appears to be gradually bottoming out and foreign demand is providing steady support to firms’ sales expectations. -
October 7, 2016
Senior Loan Officer Survey - Third-Quarter 2016
Survey results suggest that overall business-lending conditions were largely unchanged during the third quarter of 2016. -
Interpreting Volatility Shocks as Preference Shocks
This paper examines the relationship between volatility shocks and preference shocks in an analytically tractable endogenous growth model with recursive preferences and stochastic volatility. I show that there exists an explicit mapping between volatility shocks and preference shocks, and a rise in volatility generates the same impulse responses of macroeconomic aggregates as a negative preference shock. -
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September 30, 2016
Research Update - September 2016
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. -