Posts
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Redistributive Effects of a Change in the Inflation Target
In light of the financial crisis and its aftermath, several economists have argued that inflation-targeting central banks should reconsider the level of their inflation targets. While the appropriate level for the inflation target remains an open question, it’s important to note that any transition to a new target would entail certain costs. -
Policy Rules for Capital Controls
This paper attempts to borrow the tradition of estimating policy reaction functions in monetary policy literature and apply it to capital controls policy literature. Using a novel weekly dataset on capital controls policy actions in 21 emerging economies over the period 1 January 2001 to 31 December 2015, I examine the mercantilist and macroprudential motivations for capital control policies. -
October 3, 2017
Chartered Banks: Notes for Banking and Financial Statistics
Access notes on banking and financial statistics for chartered bank activity since 1990. -
October 3, 2017
Seeking Gazelles in Polar Bear Country
Deputy Governor Sylvain Leduc discusses the decline in firm creation and productivity in the Canadian economy. -
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September 30, 2017
Research Update - September 2017
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. -
Global Trade Flows: Revisiting the Exchange Rate Elasticities
This paper contributes to the debate on the magnitude of exchange rate elasticities by providing a set of price and quantity elasticities for 51 advanced and emerging-market economies. Specifically, for each of these countries we report the elasticity of trade prices and trade quantities on both the export and on the import sides, as well as the reaction of the trade balance. -