Posts
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Central Bank Forecasting: A Survey
We review the literature on central bank forecasting with a special focus on the Federal Reserve, European Central Bank, Bank of England and Bank of Canada. -
April 9, 2012
Business Outlook Survey - Spring 2012
The results of the spring survey point to more optimism among firms than in the winter survey, as some of the uncertainty dampening the economic outlook has dissipated. -
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Prospects for Global Current Account Rebalancing
The authors use the Bank of Canada's version of the Global Economy Model, a multi-country, multi-sector dynamic stochastic general-equilibrium model with an active banking system (the BoC-GEM-FIN), to study the evolution of global current account balances following the recent global financial crisis. -
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February 6, 2017
Bank of Canada announces winners of the second edition of The Governor’s Challenge
The Bank of Canada today announced that the team from McGill University won the second annual Governor’s Challenge, a student competition in which teams simulate the role of advisor to the Bank’s policy-makers. -
Technology Adoption in Input-Output Networks
We study how input-output networks affect the speed of technology adoption. In particular, we model the decision to adopt the programming language Python 3 by software packages. Python 3 provides advanced features but is not backward compatible with Python 2, which implies it comes with adoption costs. -
China’s Emergence in the World Economy and Business Cycles in Latin America
The international business cycle is very important for Latin America’s economic performance as the recent global crisis vividly illustrated. This paper investigates how changes in trade linkages between China, Latin America, and the rest of the world have altered the transmission mechanism of international business cycles to Latin America. -
Sheltered Income: Estimating Income Under-Reporting in Canada, 1998 and 2004
We use data from the Survey of Financial Security and the Survey of Household Spending to estimate the incidence and extent of income under-reporting in Canada in 1998 and 2004. We estimate that the proportion of households under-reporting income is roughly 35 to 50 per cent in both years.