Uncategorized

• January 21, 2020

  Central bank group to assess potential cases for central bank digital currencies

  The Bank of Canada announces it is creating a working group with five other central banks and the Bank for International Settlements to assess the potential cases for central bank digital currencies.

  Content Type(s): Press, Announcements Topic(s): Digital currencies and fintech
• January 13, 2020

  Business Outlook Survey—Winter 2019–20

  Results from the winter Business Outlook Survey suggest that business sentiment is broadly positive except in the Prairies, where indicators remain weak. In aggregate, firms’ outlook is supported by expectations of healthy domestic and foreign sales.

  Content Type(s): Publications, Business Outlook Survey
• January 13, 2020

  Canadian Survey of Consumer Expectations—Fourth Quarter of 2019

  Survey results suggest that consumers’ inflation expectations declined slightly in the fourth quarter of 2019. Consumers’ expectations for their wage growth were largely the same as in the previous survey. Consumer expectations for house price growth went up somewhat in Canada.

  Content Type(s): Publications, Canadian Survey of Consumer Expectations

• Contagion in Dealer Networks

  Staff Working Paper 2020-1 Jean-Sébastien Fontaine, Adrian Walton

  Dealers connect investors who want to buy or sell securities in financial markets. Over time, dealers and investors form trading networks to save time and resources. An emerging field of research investigates how networks form.

  Content Type(s): Staff research, Staff working papers Topic(s): Financial markets, Market structure and pricing, Payment clearing and settlement systems JEL Code(s): E, E4, G, G1, G2, G21, L, L1, L14
• January 9, 2020

  Fireside Chat – Stephen S. Poloz, Governor

  Remarks Stephen S. Poloz Greater Vancouver Board of Trade Vancouver, British Columbia

  Governor Stephen S. Poloz talks about key issues for the Bank at the beginning of 2020.

  Content Type(s): Press, Speeches and appearances, Remarks
• January 5, 2020

  Monetary Policy Frameworks in a World of Low Interest Rates

  Remarks Carolyn A. Wilkins American Economic Association San Diego, California

  Archived panel discussion hosted by the Bank for International Settlements at the American Economic Association’s 2020 Annual Meeting of Allied Social Science Associations.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Inflation targets, Monetary policy framework
• December 31, 2019

  Research Update - December 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

• Monetary Policy and Government Debt Dynamics Without Commitment

  Staff Working Paper 2019-52 Dmitry Matveev

  I show that maturity considerations affect the optimal conduct of monetary and fiscal policy during a period of government debt reduction. I consider a New Keynesian model and study a dynamic game of monetary and fiscal policy authorities without commitment, characterizing the incentives that drive the choice of interest rate.

  Content Type(s): Staff research, Staff working papers Topic(s): Fiscal policy, Monetary policy JEL Code(s): E, E5, E52, E6, E62, E63
• December 30, 2019

  Advertisement for the position of Governor of the Bank of Canada

  Governor Stephen S. Poloz is stepping down in June 2020. Learn more about this leadership opportunity.

  Content Type(s): Press, Announcements

• Technology Adoption in Input-Output Networks

  Staff Working Paper 2019-51 Xintong Han, Lei Xu

  We study how input-output networks affect the speed of technology adoption. In particular, we model the decision to adopt the programming language Python 3 by software packages. Python 3 provides advanced features but is not backward compatible with Python 2, which implies it comes with adoption costs.

  Content Type(s): Staff research, Staff working papers Topic(s): Economic models, Firm dynamics, Productivity JEL Code(s): C, C6, C61, L, L2, L23, L8, L86, O, O1, O14, O3, O33