November 5, 2020
Posts
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November 5, 2020
2020 Bank of Canada Annual Economic Conference: The Future of Money and Payments: Implications for Central Banking
Conference held on November 5 to 7, 2020. -
Earnings Dynamics and Intergenerational Transmission of Skill
How are your past, current and future earnings related to those of your parents? We explore this by using 37 years of Canadian tax data on two generations. -
November 4, 2020
Advertisement for the position of Senior Deputy Governor of the Bank of Canada
Carolyn A. Wilkins has announced she will not seek a second term as Senior Deputy Governor. Learn more about this leadership opportunity. -
Understanding Trend Inflation Through the Lens of the Goods and Services Sectors
The goods and services sectors have experienced considerably different dynamics over the past three decades. Our goal in this paper is to understand how such contrasting behaviors at the sectoral level affect the aggregate level of trend inflation dynamics. -
November 3, 2020
Changes to the Frequency of Government of Canada Treasury Bills auctions
The Bank of Canada, acting as fiscal agent of the Government of Canada, and the Department of Finance are announcing a change to the frequency of Treasury Bill auctions to help manage the Government of Canada’s current large cash holdings. -
Corporate investment and monetary policy transmission in Canada
Unexpected changes in interest rates lead small firms to materially change their investment rate. Large firms, in contrast, show a smaller response. This suggests both that financial conditions are an important channel for transmitting monetary policy and that firm characteristics can help us better understand fluctuations in business investment. -
Production Networks and the Propagation of Commodity Price Shocks
We examine the macro implications of commodity price shocks in a model with multiple production sectors that are interconnected within a commodity-exporting small open economy. -
November 2, 2020
Operational details for upcoming secondary market purchases of Government of Canada securities (November 9-20)
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). -
Outside Investor Access to Top Management: Market Monitoring versus Stock Price Manipulation
Should managers be paid in stock options if they provide stock-market participants with information about the firm? This paper studies how firm owners trade off the benefit of stock-price incentives and better-informed market participants against the cost of potential stock-price manipulation.