Posts

• Trade and Market Power in Product and Labor Markets

  Staff Working Paper 2021-17 Gaelan MacKenzie

  Trade liberalizations increase the sales and input purchases of productive firms relative to their less productive domestic competitors. This reallocation affects firms’ market power in their product and input markets. I quantify how the labour market power of employers affects the distribution and size of the gains from trade.

  Content Type(s): Staff research, Staff working papers Topic(s): Economic models, Labour markets, Market structure and pricing, Productivity, Trade integration JEL Code(s): D, D4, D43, F, F1, F12, F6, J, L, L1, L13
• April 6, 2021

  CFIF Meeting (April 6, 2021)

  Content Type(s): Meetings Source(s): Canadian Fixed-Income Forum
• April 6, 2021

  Bank of Canada to begin publishing CORRA Compounded Index

  As administrator of the Canadian Overnight Repo Rate Average (CORRA), the Bank of Canada (Bank) will begin publishing the CORRA Compounded Index effective April 6, 2021.

  Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
• April 5, 2021

  Operational details for upcoming secondary market purchases of Government of Canada securities (April 12-23)

  As previously announced, the Bank of Canada (the Bank) launched on April 1, 2020 a program to purchase Government of Canada securities in the secondary market – the Government Bond Purchase Program (GBPP).

  Content Type(s): Press, Market notices Source(s): Government of Canada Bond Purchase Program
• April 5, 2021

  Understanding how monetary policy works

  It takes time for our policy decisions to filter—or be transmitted—through the economy and financial system.

  Content Type(s): Explainers Topic(s): Monetary policy

• How Long is Forever in the Laboratory? Three Implementations of an Infinite-Horizon Monetary Economy

  Staff Working Paper 2021-16 Janet Hua Jiang, Daniela Puzzello, Cathy Zhang

  Standard monetary models adopt an infinite horizon with discounting. Testing these models in the lab requires implementing this horizon within a limited time frame. We compare three approaches to such an implementation and discuss their relative advantages.

  Content Type(s): Staff research, Staff working papers Topic(s): Central bank research, Economic models, Inflation and prices JEL Code(s): C, C9, C92, D, D8, D83, E, E4, E40
• March 31, 2021

  Bank of Canada releases results from consultations on inflation and monetary policy

  Media Relations Ottawa, Ontario

  Over the past two years, we spoke with thousands of Canadians about their views on the economy, inflation and what the Bank does. Here’s what they told us.

  Content Type(s): Press, Press releases
• March 31, 2021

  Research Update - March 2021

  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
• March 29, 2021

  CARR Meeting (March 29, 2021)

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

• Labor Demand Response to Labor Supply Incentives: Lessons from the German Mini-Job Reform

  Staff Working Paper 2021-15 Gabriela Galassi

  How do firms change their employment decisions when tax benefits for low-earning workers are expanded? Some firms increase employment overall, whereas others replace high-earning workers with low-earning workers, according to German linked employer-employee data.

  Content Type(s): Staff research, Staff working papers Topic(s): Economic models, Firm dynamics, Labour markets JEL Code(s): E, E2, E24, E6, E64, H, H2, H20, H24, H3, H32, I, I3, I38, J, J2, J23, J3, J38