Posts

• May 4, 2017

  Canada and Mexico: Common Issues in Uncommon Times

  Remarks Stephen S. Poloz CanCham México and Club de Industriales Mexico City, Mexico

  Governor Stephen S. Poloz discusses how shared economic traits leave Canada and Mexico well placed to face global challenges.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Inflation targets, Interest rates, Monetary policy, Monetary policy and uncertainty, Recent economic and financial developments, Trade integration
• April 28, 2017

  Weekly Financial Statistics - 28 April 2017

  Content Type(s): Publications, Historical: Weekly Financial Statistics
• April 28, 2017

  Research Update - April 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
• April 27, 2017

  Banking and Financial Statistics - April 2017

  Content Type(s): Publications, Historical: Banking and Financial Statistics
• April 25, 2017

  CFIF Meeting (April 25, 2017)

  Content Type(s): Meetings Source(s): Canadian Fixed-Income Forum
• April 21, 2017

  Weekly Financial Statistics - 21 April 2017

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

• Vertical Specialization and Gains from Trade

  Staff Working Paper 2017-17 Patrick Alexander

  Multi-stage production is widely recognized as an important feature of the modern global economy. This feature has been incorporated into many state-of-the-art quantitative trade models, and has been shown to deliver significant additional gains from international trade.

  Content Type(s): Staff research, Staff working papers Topic(s): Economic models, International topics, Trade integration JEL Code(s): F, F1, F11, F14, F6, F60

• Downward Nominal Wage Rigidity Meets the Zero Lower Bound

  Staff Working Paper 2017-16 Robert Amano, Stefano Gnocchi

  We add downward nominal wage rigidity to a standard New Keynesian model with sticky prices and wages, where the zero lower bound on nominal interest rates is allowed to bind. We find that wage rigidity not only reduces the frequency of zero bound episodes but also mitigates the severity of corresponding recessions.

  Content Type(s): Staff research, Staff working papers Topic(s): Inflation targets, Labour markets, Monetary policy framework JEL Code(s): E, E2, E24, E3, E32, E5, E52

• Constrained Efficiency with Adverse Selection and Directed Search

  Staff Working Paper 2017-15 Mohammad Davoodalhosseini

  Constrained efficient allocation (CE) is characterized in a model of adverse selection and directed search (Guerrieri, Shimer, and Wright (2010)). CE is defined to be the allocation that maximizes welfare, the ex-ante utility of all agents, subject to the frictions of the environment.

  Content Type(s): Staff research, Staff working papers Topic(s): Economic models, Financial markets, Financial system regulation and policies, Market structure and pricing JEL Code(s): D, D8, D82, D83, E, E2, E24, G, G1, J, J3, J31, J6, J64

• Strategic Complementarities and Money Market Fund Liquidity Management

  Staff Working Paper 2017-14 Jonathan Witmer

  Following the financial crisis, there has been increased regulatory focus on the management of liquidity in mutual funds and, specifically, whether funds hold enough liquidity to guard against the potential for investor runs.

  Content Type(s): Staff research, Staff working papers Topic(s): Financial institutions, Financial markets JEL Code(s): F, F3, F30, G, G0, G01, G1, G18, G2, G20