Posts
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March 11, 2010
Principles for Interesting Times
I would like to thank students from universities across Canada for joining me on this special day, the 75th anniversary of the Bank of Canada -
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July 30, 2013
Research Update - July 2013
This monthly newsletter features the latest research publications by Bank of Canada economists including external publications and working papers published on the Bank of Canada’s website. -
June 21, 2006
The Bank of Canada’s Role in the Oversight of Clearing and Settlement Systems
This article sets out the Bank’s mandate for regulatory oversight of clearing and settlement systems, the strategy that is followed, and the key activities relevant to the conduct of oversight. -
Housing Price Network Effects from Public Transit Investment: Evidence from Vancouver
In this paper, we estimate the effect on housing prices of the expansion of the Vancouver SkyTrain rapid transit network during the period 2001–11. We extend the canonical residential sorting equilibrium framework to include commuting time in the household utility function. -
November 30, 2015
Research Update - November 2015
This monthly newsletter features the latest research publications by Bank of Canada economists including external publications and working papers published on the Bank of Canada’s website. -
An Eclectic Approach to Estimating U.S. Potential GDP
The authors describe the principal results obtained from a new method applied to the estimation of potential U.S. GDP. -
Assessing the Impact of the Bank of Canada’s Government Bond Purchases
In March 2020, the Bank of Canada implemented the Government of Canada Bond Purchase Program, eventually purchasing approximately $340 billion of government bonds. In this paper, we analyze the impact of this program on financial market prices and yields as well as on GDP and inflation. -
Adoption of a New Payment Method: Theory and Experimental Evidence
We model the introduction of a new payment method, e.g., e-money, that competes with an existing payment method, e.g., cash. The new payment method involves relatively lower per-transaction costs for both buyers and sellers, but sellers must pay a fixed fee to accept the new payment method.