Posts
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February 18, 2008
Governor Carney Discusses Impacts of Globalization on Canada
Canada has adjusted well to sharp movements in its terms of trade and is enjoying the many benefits of a globalized economy, Bank of Canada Governor Mark Carney said today in a speech to the British Columbia Chamber of Commerce and the Business Council of British Columbia. -
December 16, 2009
Household Finances Important for Financial System Stability, Bank of Canada Governor Mark Carney Says
While the Canadian economy will likely grow faster than the economies of the other G-7 countries next year, the Bank of Canada expects our recovery to be more protracted than usual – and more reliant on domestic demand, Bank of Canada Governor Mark Carney said today. -
Multi-Product Pricing: Theory and Evidence from Large Retailers in Israel
Standard theories of price adjustment are based on the problem of a single-product firm, and therefore they may not be well suited to analyze price dynamics in the economy with multiproduct firms. -
Public/Private Transitions and Firm Financing
A large body of empirical literature investigates differences in financing structures across firms. Private firms’ financing receives little attention due to the lack of data. -
February 17, 2010
Bank of Canada Liquidity Facilities: Past, Present, and Future
Thank you for inviting me here today. It is a pleasure to be with you. This afternoon, I would like to talk about liquidity and the role of the Bank of Canada. -
The State of Labour Market Churn in Canada
The literature highlights that labour market churn, including job-to-job transitions, is a key element of wage growth. Using microdata from the Labour Force Survey, we compute measures of labour market churn and compare these with pre-crisis averages to assess implications for wage growth. -
Entrepreneurial Risk, Credit Constraints, and the Corporate Income Tax: A Quantitative Exploration
This paper describes the positive effect that corporate income tax has on capital formation in the presence of liquidity constraints and uninsurable risk. -
February 24, 2015
Lessons New and Old: Reinventing Central Banking
Governor Stephen S. Poloz discusses the need to integrate financial stability concerns with inflation control in conducting monetary policy after the financial crisis. -
Changes in Payment Timing in Canada’s Large Value Transfer System
This paper uncovers trends in payment timing in Canada’s Large Value Transfer System (LVTS) from 2003 to 2011. Descriptive analysis shows that LVTS payment activity has not been peaking in the late afternoon since 2008, and the improvement was most significant in 2009.