January 18, 2017
Staff research, Publications
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An Improved Equation for Predicting Canadian Non-Commodity Exports
We estimate two new equations for Canadian non-commodity exports (NCX) that incorporate three important changes relative to the current equation used at the Bank of Canada. -
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January 9, 2017
Business Outlook Survey - Winter 2016-17
The results of the winter Business Outlook Survey indicate that business prospects have improved following two years of overall modest activity. The responses reflect building domestic demand, a supportive export outlook and an expected recovery in energy-related activity. -
January 9, 2017
Senior Loan Officer Survey - Fourth-Quarter 2016
Survey results suggest that overall business-lending conditions were essentially unchanged during the fourth quarter of 2016. -
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Terms-of-Trade and House Price Fluctuations: A Cross-Country Study
Terms-of-trade shocks are known to be key drivers of business cycles in open economies. This paper argues that terms-of-trade shocks were also important for house price fluctuations in a panel of developed countries over the 1994–2015 period. -
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Information Sharing and Bargaining in Buyer-Seller Networks
This paper presents a model of strategic buyer-seller networks with information exchange between sellers. Prior to engaging in bargaining with buyers, sellers can share access to buyers for a negotiated transfer. We study how this information exchange affects overall market prices, volumes and welfare, given different initial market conditions and information sharing rules.