Posts

• How to Predict Financial Stress? An Assessment of Markov Switching Models

  Staff Working Paper 2017-32 Benjamin Klaus, Thibaut Duprey

  This paper predicts phases of the financial cycle by using a continuous financial stress measure in a Markov switching framework. The debt service ratio and property market variables signal a transition to a high financial stress regime, while economic sentiment indicators provide signals for a transition to a tranquil state.

  Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Central bank research, Econometric and statistical methods, Financial markets, Financial stability, Financial system regulation and policies, Monetary and financial indicators JEL Code(s): C, C5, C54, G, G0, G01, G1, G15
• August 4, 2017

  Weekly Financial Statistics - 4 August 2017

  Content Type(s): Publications, Historical: Weekly Financial Statistics

• Downward Nominal Wage Rigidity in Canada: Evidence Against a “Greasing Effect”

  Staff Working Paper 2017-31 Joel Wagner

  The existence of downward nominal wage rigidity (DNWR) has often been used to justify a positive inflation target. It is traditionally assumed that positive inflation could “grease the wheels” of the labour market by putting downward pressure on real wages, easing labour market adjustments during a recession.

  Content Type(s): Staff research, Staff working papers Topic(s): Inflation targets, Labour markets JEL Code(s): E, E2, E24, E5, E52
• July 31, 2017

  Research Update - July 2017

  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.

  Content Type(s): Staff research, Research newsletters
• July 28, 2017

  Weekly Financial Statistics - 28 July 2017

  Content Type(s): Publications, Historical: Weekly Financial Statistics
• July 27, 2017

  Banking and Financial Statistics - July 2017

  Content Type(s): Publications, Historical: Banking and Financial Statistics
• July 26, 2017

  Bank of Canada publishes its 2018 schedule for policy interest rate announcements and the release of the Monetary Policy Report

  Media Relations Ottawa, Ontario

  The Bank of Canada today published its 2018 schedule for policy interest rate announcements and the release of the quarterly Monetary Policy Report.

  Content Type(s): Press, Press releases

• Retrieving Implied Financial Networks from Bank Balance-Sheet and Market Data

  Staff Working Paper 2017-30 Jose Fique

  In complex and interconnected banking systems, counterparty risk does not depend only on the risk of the immediate counterparty but also on the risk of others in the network of exposures.

  Content Type(s): Staff research, Staff working papers Topic(s): Financial institutions, Financial stability JEL Code(s): C, C6, C63, D, D8, D85, G, G2, G21

• Information Contagion and Systemic Risk

  Staff Working Paper 2017-29 Co-Pierre Georg, Toni Ahnert

  We examine the effect of ex-post information contagion on the ex-ante level of systemic risk defined as the probability of joint bank default.

  Content Type(s): Staff research, Staff working papers Topic(s): Financial institutions, Financial stability JEL Code(s): G, G0, G01, G1, G11, G2, G21
• July 21, 2017

  Weekly Financial Statistics - 21 July 2017

  Content Type(s): Publications, Historical: Weekly Financial Statistics