Posts
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November 27, 2008
Fostering Financial System Stability
The Canadian financial system has fared relatively well through this crisis, thanks to effective regulation and prudent practices that have worked like sandbags to protect our financial system from the storms in today's global economy. -
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Trend Inflation, Wage and Price Rigidities, and Welfare
This paper studies the steady-state costs of inflation in a general-equilibrium model with real per capita output growth and staggered nominal price and wage contracts. -
July 27, 2010
The Bank’s Medium‐term Research Plan, 2016‐2018
A summary of the Bank’s medium-term research plans and priorities. -
Markups and Inflation in Oligopolistic Markets: Evidence from Wholesale Price Data
We study how the interaction of market power and nominal price rigidity influences inflation dynamics. We find that pass-through declines with price stickiness when markets are concentrated, which implies a lower slope of the New Keynesian Phillips curve. -
July 4, 2016
Business Outlook Survey - Summer 2016
The summer Business Outlook Survey indicates that overall business sentiment is subdued. The boost from foreign demand remains insufficient to outweigh the continued drag from commodity-related activity combined with modest domestic demand. -
Assessing the Implementation of the IMF's 2007 Surveillance Decision
The International Monetary Fund (IMF) recently adopted the "2007 Decision on Bilateral Surveillance Over Members' Policies," a landmark reform that modernizes the general principles of IMF surveillance. However, support for the reform was not unanimous, and doubts have been expressed about how the Decision would be applied in practice. The authors assess the first year […] -
January 8, 2007
Business Outlook Survey - Winter 2006-07
On balance, businesses expect their sales over the next 12 months to increase at a rate slightly above that posted during the preceding 12 months. Hiring and investment intentions have not changed significantly since the last survey.