Posts

• January 31, 2019

  Making cents of wages

  

  Russell Barnett, José Dorich

  Ever wonder how your wages are determined? You’re not the only one who cares about your wages. At the Bank of Canada, we care about them a lot too.

  Content Type(s): Publications, The Economy, Plain and Simple Topic(s): Business fluctuations and cycles, Firm dynamics, Labour markets, Productivity
• January 31, 2019

  Canada’s job market is solid, but some key questions remain, Senior Deputy Governor Wilkins says

  Media Relations Toronto, Ontario

  While the labour market in Canada is in good shape overall, answers to some key questions will help provide insight into slower-than-expected wage growth, Senior Deputy Governor Carolyn A. Wilkins said today.

  Content Type(s): Press, Press releases
• January 31, 2019

  A Look Under the Hood of Canada’s Job Market

  Remarks Carolyn A. Wilkins Toronto Region Board of Trade Toronto, Ontario

  Senior Deputy Governor Carolyn A. Wilkins discusses developments in the Canadian labour market and factors that may help explain why wage growth is slower than expected.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Business fluctuations and cycles, Inflation and prices, Labour markets, Productivity, Regional economic developments, Service sector
• January 31, 2019

  Research Update - January 2019

  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

• The State of Labour Market Churn in Canada

  Staff Analytical Note 2019-4 Olena Kostyshyna, Corinne Luu

  The literature highlights that labour market churn, including job-to-job transitions, is a key element of wage growth. Using microdata from the Labour Force Survey, we compute measures of labour market churn and compare these with pre-crisis averages to assess implications for wage growth.

  Content Type(s): Staff research, Staff analytical notes Topic(s): Labour markets, Recent economic and financial developments JEL Code(s): E, E2, E24, J, J2, J20, J3, J30, J6, J63
• January 28, 2019

  Review of Long-Term Workplan - January 28, 2019

  Review of Long-Term Workplan

• Drivers of Weak Wage Growth in Advanced Economies

  Staff Analytical Note 2019-3 Anne-Katherine Cormier, Michael Francis, Kristina Hess, Guillaume Poulin-Bellisle

  Since the global financial crisis, advanced-economy wage growth has been generally low relative to past recoveries, especially after accounting for the evolution of labour market conditions over this period. This paper investigates a variety of potential explanations for this weakness, drawing on findings from the literature as well as analysis of recent labour market data in advanced economies.

  Content Type(s): Staff research, Staff analytical notes Topic(s): International topics, Labour markets JEL Code(s): E, E3, E31, F, F0, J, J3
• January 28, 2019

  CFIF Meeting (January 28, 2019)

  Content Type(s): Meetings Source(s): Canadian Fixed-Income Forum

• The Distributional Effects of Conventional Monetary Policy and Quantitative Easing: Evidence from an Estimated DSGE Model

  Staff Working Paper 2019-6 Stefan Hohberger, Romanos Priftis, Lukas Vogel

  This paper compares the distributional effects of conventional monetary policy and quantitative easing (QE) within an estimated open-economy DSGE model of the euro area.

  Content Type(s): Staff research, Staff working papers Topic(s): Economic models, Interest rates, Monetary policy, Monetary policy transmission JEL Code(s): E, E4, E44, E5, E52, F, F4, F41
• January 21, 2019

  CARR Meeting (January 21, 2019)

  Content Type(s): Meetings Source(s): Canadian Alternative Reference Rate Working Group