Posts
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April 15, 2019
Business Outlook Survey—Spring 2019
Results from the spring Business Outlook Survey point to a moderation from previously high levels of domestic and foreign demand for firms in most regions. Investment and employment intentions remain positive. -
April 15, 2019
Senior Loan Officer Survey—First Quarter of 2019
Overall household lending conditions were once again unchanged this quarter. Although business lending conditions were unchanged overall, some marginal price easing was driven by corporate lending conditions. -
Could Canadian Bond Funds Add Stress to the Financial System?
We create a hypothetical scenario to study the role bond funds play in intensifying shocks to the financial system. Using data from 2018 and 2007, we find that bond funds play a larger role now than they did in the past. -
Labor Mobility in a Monetary Union
The optimal currency literature has stressed the importance of labor mobility as a precondition for the success of monetary unions. But only a few studies formally link labor mobility to macroeconomic adjustment and policy. In this paper, we study macroeconomic dynamics and optimal monetary policy in an economy with cyclical labor flows across two distinct regions that share trade links and a common monetary framework. -
Bond Funds and Fixed-Income Market Liquidity: A Stress-Testing Approach
This report provides a detailed technical description of a stress test model for investment funds called Ceto. -
Firm-level Investment Under Imperfect Capital Markets in Ukraine
This paper develops and estimates a model of firm-level fixed capital investment when firms face borrowing constraints. -
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April 8, 2019
Why Do Central Banks Care About Market Power?
Senior Deputy Governor Carolyn A. Wilkins discusses how the competitive landscape and digitalization affect monetary policy and why central banks care about market power. -
April 4, 2019
The Bank of Canada releases its Annual Report for 2018
The Bank of Canada’s Annual Report for 2018 was tabled in the House of Commons today.