Uncategorized

• July 24, 2015

  Weekly Financial Statistics - 24 July 2015

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

• Revisiting National Border Effects in Foreign Trade in Goods of Canadian Provinces

  Staff Working Paper 2015-28 Farrukh Suvankulov

  A significant body of empirical studies demonstrates sizable national border effects in foreign trade of Canadian provinces throughout the 1980s and 1990s. This paper revisits and expands the scope of the border effects analysis by estimating the border effect in trade with U.S. states as well as countries in the European Union (EU) and the G 20 using more recent data from 2001–10.

  Content Type(s): Staff research, Staff working papers Topic(s): International topics JEL Code(s): F, F1, F14, F15
• July 17, 2015

  Weekly Financial Statistics - 17 July 2015

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

• Risk Sharing in the Presence of a Public Good

  Staff Working Paper 2015-27 Josef Schroth

  This paper studies an economy where agents can spend resources on consuming a private good and on funding a public good. There is asymmetric information regarding agents’ relative preference for private versus public good consumption.

  Content Type(s): Staff research, Staff working papers Topic(s): Financial stability, Financial system regulation and policies, Fiscal policy JEL Code(s): D, D8, D82, D86, E, E6, E62, H, H2, H21, H23, H7, H77

• On the Welfare Cost of Rare Housing Disasters

  Staff Working Paper 2015-26 Shaofeng Xu

  This paper examines the welfare cost of rare housing disasters characterized by large drops in house prices. I construct an overlapping generations general equilibrium model with recursive preferences and housing disaster shocks.

  Content Type(s): Staff research, Staff working papers Topic(s): Asset pricing, Economic models, Housing JEL Code(s): E, E2, E21, E4, E44, G, G1, G11, R, R2, R21
• July 15, 2015

  Release of the Monetary Policy Report

  Opening statement Stephen S. Poloz Ottawa, Ontario

  Press conference following the release of the Monetary Policy Report.

  Content Type(s): Press, Speeches and appearances, Opening statements Topic(s): Inflation and prices, Interest rates, Monetary policy, Monetary policy implementation, Recent economic and financial developments, Regional economic developments
• July 15, 2015

  Bank of Canada lowers overnight rate target to 1/2 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of one percentage point to 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent.

  Content Type(s): Press, Press releases
• July 15, 2015

  Monetary Policy Report – July 2015

  

  Economic growth in Canada is projected to average just over 1 per cent in 2015 and about 2 1/2 per cent in 2016 and 2017.

  Content Type(s): Publications, Monetary Policy Report
• July 10, 2015

  Weekly Financial Statistics - 10 July 2015

  Content Type(s): Publications, Historical: Weekly Financial Statistics
• July 6, 2015

  Business Outlook Survey - Summer 2015

  The summer Business Outlook Survey points to a diverging outlook across regions. While there are some encouraging signs, owing in part to strengthening U.S. demand, weak oil prices continue to significantly dampen economic perspectives in affected sectors and regions.

  Content Type(s): Publications, Business Outlook Survey