Posts

• June 8, 2017

  Household vulnerabilities have moved higher, but the financial system remains resilient

  Media Relations Ottawa, Ontario

  Household indebtedness and housing market imbalances—the most important vulnerabilities for the Canadian financial system—have moved higher over the past six months, the Bank of Canada said today in its Financial System Review (FSR).

  Content Type(s): Press, Press releases
• June 8, 2017

  Financial System Review - June 2017

  

  This issue of the Financial System Review reflects the Bank’s judgment that household indebtedness and housing market imbalances–the most important vulnerabilities for the Canadian financial system–have moved higher over the past six months. However, the financial system remains resilient, and macroeconomic conditions continue to improve. Other vulnerabilities discussed in this FSR are fragile fixed-income market liquidity and the capacity of an interconnected financial system to mitigate cyber threats.

  Content Type(s): Publications, Financial Stability Report
• June 2, 2017

  Weekly Financial Statistics - 2 June 2017

  Content Type(s): Publications, Historical: Weekly Financial Statistics

• Downward Nominal Wage Rigidity, Inflation and Unemployment: New Evidence Using Micro‐Level Data

  Staff Analytical Note 2017-6 Dany Brouillette, Natalia Kyui

  Recent evidence suggests that the extent of downward nominal wage rigidity (DNWR) in the Canadian labour market has risen following the 2008–09 recession (see Brouillette, Kostyshyna and Kyui 2016).

  Content Type(s): Staff research, Staff analytical notes Topic(s): Econometric and statistical methods, Inflation and prices, Labour markets JEL Code(s): E, E2, E24, E3, E31, J, J3, J30

• Should Central Banks Worry About Nonlinearities of their Large-Scale Macroeconomic Models?

  Staff Working Paper 2017-21 Vadym Lepetyuk, Lilia Maliar, Serguei Maliar

  How wrong could policymakers be when using linearized solutions to their macroeconomic models instead of nonlinear global solutions?

  Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Econometric and statistical methods, Economic models JEL Code(s): C, C6, C61, C63, C68, E, E3, E31, E5, E52
• June 1, 2017

  Bank of Canada issues commemorative $10 bank note to mark the 150th anniversary of Confederation

  Media Relations Ottawa, Ontario

  The Bank of Canada today began circulating the $10 commemorative bank note that celebrates the 150^th anniversary of Confederation. Canadians can now obtain this special note at financial institutions. Only 40 million notes are being issued—roughly one for every Canadian.

  Content Type(s): Press, Press releases
• May 31, 2017

  Research Update - May 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.

  Content Type(s): Staff research, Research newsletters
• May 30, 2017

  Quarterly Financial Report - First Quarter 2017

  Quarterly Financial Report - First Quarter 2017 - For the period ended 31 March 2017

  Content Type(s): Publications, Quarterly Financial Report

• Volatility Risk and Economic Welfare

  Staff Working Paper 2017-20 Shaofeng Xu

  This paper examines the effects of time-varying volatility on welfare. I construct a tractable endogenous growth model with recursive preferences, stochastic volatility, and capital adjustment costs.

  Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Economic models JEL Code(s): E, E2, E3
• May 26, 2017

  Weekly Financial Statistics - 26 May 2017

  Content Type(s): Publications, Historical: Weekly Financial Statistics