Posts

• June 27, 2019

  Bank of Canada announces partnership to improve resilience in financial sector

  Media Relations Ottawa, Ontario

  The Bank’s cyber security strategy charts our course to reduce risk and promote resilience for the years 2019 to 2021.

  Content Type(s): Press, Press releases Source(s): Canadian Financial Sector Resiliency Group
• June 25, 2019

  The Tenth International Workshop on Theoretical and Experimental Macroeconomics

  Macroeconomic theories have traditionally been tested using non‐experimental data from the field. However, modern, micro‐based macroeconomic models can also be tested in the laboratory, which affords better causal inference, and researchers have begun to pursue such experimental tests.

  Content Type(s): Conferences and workshops
• June 24, 2019

  CARR Meeting (June 24, 2019)

  Content Type(s): Meetings Source(s): Canadian Alternative Reference Rate Working Group

• Systemic Risk and Collateral Adequacy

  Staff Working Paper 2019-23 Radoslav Raykov

  Many derivatives markets use collateral requirements calculated with industry-standard but dated methods that are not designed with systemic risk in mind. This paper explores whether the conservative nature of conventional collateral requirements outweighs their lack of consideration of systemic risk.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Financial institutions, Financial markets JEL Code(s): G, G1, G10, G2, G20
• June 17, 2019

  Flexible Exchange Rates, Commodity Prices and Price Stability

  Remarks Lawrence L. Schembri Economics Society of Northern Alberta (ESNA) Edmonton, Alberta

  Deputy Governor Lawrence Schembri speaks before the Economics Society of Northern Alberta (ESNA).

  Content Type(s): Press, Speeches and appearances, Remarks Research Topic(s): Exchange rate regimes, Exchange rates, Financial markets, Inflation targets, Monetary policy framework
• June 17, 2019

  The merits of a floating exchange rate

  Speech summary Lawrence L. Schembri Economics Society of Northern Alberta (ESNA) Edmonton, Alberta

  Deputy Governor Lawrence Schembri explains how Canada’s monetary policy framework—inflation targeting underpinned by a flexible exchange rate—has proved to be the most durable in the post-war period.

  Content Type(s): Press, Speeches and appearances, Speech summaries Research Topic(s): Exchange rate regimes, Exchange rates, Financial markets, Inflation targets, Monetary policy framework

• Online Privacy and Information Disclosure by Consumers

  Staff Working Paper 2019-22 Shota Ichihashi

  A consumer discloses information to a multi-product seller, which learns about the consumer’s preferences, sets prices, and makes product recommendations. While the consumer benefits from accurate product recommendations, the seller may use the information to price discriminate.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Economic models JEL Code(s): D, D8, D82, D83

• Central Bank Communication That Works: Lessons from Lab Experiments

  Staff Working Paper 2019-21 Oleksiy Kryvtsov, Luba Petersen

  We use controlled laboratory experiments to test the causal effects of central bank communication on economic expectations and to distinguish the underlying mechanisms of those effects. In an experiment where subjects learn to forecast economic variables, we find that central bank communication has a stabilizing effect on individual and aggregate outcomes and that the size of the effect varies with the type of communication.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Monetary policy implementation, Monetary policy transmission JEL Code(s): C, C9, D, D8, D84, E, E3, E5, E52

• Outlook for Electric Vehicles and Implications for the Oil Market

  Staff Analytical Note 2019-19 Étienne Latulippe, Kun Mo

  The market for electric vehicles (EVs) is growing rapidly. Subsidies and technological improvements are expected to increase the market share of EVs over the coming decade. In its base-case scenario, the International Energy Agency (IEA) expects EV use to rise from 4 million vehicles in 2018 to 120 million by 2030, or from 0.3 per cent to over 7 per cent of the global car fleet.

  Content Type(s): Staff research, Staff analytical notes Research Topic(s): International topics JEL Code(s): Q, Q4, Q47

• Online Job Seekers in Canada: What Can We Learn from Bing Job Queries?

  Staff Analytical Note 2019-18 André Binette, Karyne B. Charbonneau, Nicholas Curtis, Gabriela Galassi, Scott Counts, Justin Cranshaw

  Labour markets in Canada and around the world are evolving rapidly with the digital economy. Traditional data are adapting gradually but are not yet able to provide timely information on this evolution.

  Content Type(s): Staff research, Staff analytical notes Research Topic(s): Central bank research, Labour markets, Monetary policy JEL Code(s): C, C8, C80, E, E2, E24, J, J2, J21