C8 - Data Collection and Data Estimation Methodology; Computer Programs

• The Mode is the Message: Using Predata as Exclusion Restrictions to Evaluate Survey Design

  Staff Working Paper 2017-43 Heng Chen, Geoffrey R. Dunbar, Rallye Shen

  Changes in survey mode (e.g., online, offline) may influence the values of survey responses, and may be particularly problematic when comparing repeated cross-sectional surveys.

  Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods JEL Code(s): C, C8

• What’s Up with Unit Non-Response in the Bank of Canada’s Business Outlook Survey? The Effect of Staff Tenure

  Staff Discussion Paper 2017-11 Sarah Miller, David Amirault, Laurent Martin

  Since 1997, the Bank of Canada’s regional offices have been conducting the Business Outlook Survey (BOS), a quarterly survey of business conditions. Survey responses are gathered through face-to-face, confidential consultations with a sample of private sector firms representative of the various sectors, firm sizes and regions across Canada.

  Content Type(s): Staff research, Staff discussion papers Topic(s): Econometric and statistical methods, Firm dynamics, Regional economic developments JEL Code(s): C, C2, C21, C8, C81, D, D2, D22

• Adoption of a New Payment Method: Theory and Experimental Evidence

  Staff Working Paper 2017-28 Jasmina Arifovic, John Duffy, Janet Hua Jiang

  We model the introduction of a new payment method, e.g., e-money, that competes with an existing payment method, e.g., cash. The new payment method involves relatively lower per-transaction costs for both buyers and sellers, but sellers must pay a fixed fee to accept the new payment method.

  Content Type(s): Staff research, Staff working papers Topic(s): Central bank research, Digital currencies and fintech JEL Code(s): C, C3, C35, C8, C83, C9, C92, E, E4, E41

• Assessing the Business Outlook Survey Indicator Using Real-Time Data

  Staff Discussion Paper 2017-5 Lise Pichette, Marie-Noëlle Robitaille

  Every quarter, the Bank of Canada conducts quarterly consultations with businesses across Canada, referred to as the Business Outlook Survey (BOS). A principal-component analysis conducted by Pichette and Rennison (2011) led to the development of the BOS indicator, which summarizes survey results and is used by the Bank as a gauge of overall business sentiment.

  Content Type(s): Staff research, Staff discussion papers Topic(s): Business fluctuations and cycles, Regional economic developments JEL Code(s): C, C5, C53, C8, C82, E, E3, E37

• The Bank of Canada 2015 Retailer Survey on the Cost of Payment Methods: Estimation of the Total Private Cost for Large Businesses

  Technical Report No. 110 Valéry Dongmo Jiongo

  The Bank of Canada 2015 Retailer Survey on the Cost of Payment Methods faced low response rates and outliers in sample data for two of its retailer strata: chains and large independent businesses. This technical report investigates whether it is appropriate to combine these two strata to produce more accurate estimates of the total private cost to large businesses of the main payment methods.

  Content Type(s): Staff research, Technical reports Topic(s): Econometric and statistical methods JEL Code(s): C, C1, C12, C8, C83

• The Bank of Canada 2015 Retailer Survey on the Cost of Payment Methods: Calibration for Single-Location Retailers

  Technical Report No. 109 Heng Chen, Rallye Shen

  Calibrated weights are created to (a) reduce the nonresponse bias; (b) reduce the coverage error; and (c) make the weighted estimates from the sample consistent with the target population in terms of certain key variables.

  Content Type(s): Staff research, Technical reports Topic(s): Digital currencies and fintech, Econometric and statistical methods JEL Code(s): C, C8, C81, C83

• The Bank of Canada 2015 Retailer Survey on the Cost of Payment Methods: Sampling

  Technical Report No. 108 Angelika Welte

  In 2015, the Bank of Canada undertook the large-scale Retailer Survey on the Cost of Payment Methods.

  Content Type(s): Staff research, Technical reports Topic(s): Central bank research, Econometric and statistical methods JEL Code(s): C, C8, C81, C83

• The Bank of Canada 2015 Retailer Survey on the Cost of Payment Methods: Nonresponse

  Technical Report No. 107 Stan Hatko

  Nonresponse is a considerable challenge in the Retailer Survey on the Cost of Payment Methods conducted by the Bank of Canada in 2015. There are two types of nonresponse in this survey: unit nonresponse, in which a business does not reply to the entire survey, and item nonresponse, in which a business does not respond to particular questions within the survey.

  Content Type(s): Staff research, Technical reports Topic(s): Central bank research JEL Code(s): C, C8, C81, C83