Posts

• November 26, 2024

  Speech by Rhys Mendes, Deputy Governor of the Bank of Canada

  On Tuesday, November 26, 2024, Rhys Mendes, Deputy Governor of the Bank of Canada, will speak before the Greater Charlottetown Area Chamber of Commerce.

  Content Type(s): Press, Media advisories

• Preferences, Monetary Policy and Household Inflation

  Staff Working Paper 2024-45 Geoffrey R. Dunbar

  I quantify the importance of changes in household preferences on household inflation rates using 11 years of scanner data for 11,000 US households. My results suggest that changes in household preferences are an important driver of inflation dynamics at the household level.

  Content Type(s): Staff research, Staff working papers Topic(s): Inflation and prices, Monetary policy transmission JEL Code(s): D, D1, D12, E, E5, E52, E58
• November 19, 2024

  CFIF Meeting (November 19, 2024)

  Content Type(s): Meetings Source(s): Canadian Fixed-Income Forum
• November 18, 2024

  CORRA Advisory Group Meeting (November 18, 2024)

  Content Type(s): Meetings Source(s): CORRA Advisory Group

• Seasonal Adjustment of Weekly Data

  Staff Discussion Paper 2024-17 Jeffrey Mollins, Rachit Lumb

  The industry standard for seasonally adjusting data, X-13ARIMA-SEATS, is not suitable for high-frequency data. We summarize and assess several of the most popular seasonal adjustment methods for weekly data given the increased availability and promise of non-traditional data at higher frequencies.

  Content Type(s): Staff research, Staff discussion papers Topic(s): Econometric and statistical methods JEL Code(s): C, C1, C4, C5, C52, C8, E, E0, E01, E2, E21
• November 15, 2024

  Quarterly Financial Report - Third Quarter 2024

  Quarterly Financial Report - Third Quarter 2024 - For the period ended September 30, 2024, unaudited

  Content Type(s): Publications, Quarterly Financial Report
• November 15, 2024

  Release: Senior Loan Officer Survey

  10:30 (ET)
  The Senior Loan Officer Survey collects information on the business-lending practices of Canadian financial institutions. 

  Content Type(s): Upcoming events

• How Do Households Respond to Expected Inflation? An Investigation of Transmission Mechanisms

  Staff Working Paper 2024-44 Janet Hua Jiang, Rupal Kamdar, Kelin Lu, Daniela Puzzello

  We conduct surveys to study how consumer spending responds to higher inflation expectations. Most respondents spend the same, sticking to fixed budget plans or not considering inflation for spending decisions. About 20% decrease spending because they feel poorer and cut spending to invest in inflation-proof assets. Very few increase spending.

  Content Type(s): Staff research, Staff working papers Topic(s): Central bank research, Inflation and prices, Inflation targets, Monetary policy, Monetary policy transmission JEL Code(s): D, D1, D15, D8, D84, E, E2, E5, E52, E7

• Gender Gaps in Time Use and Entrepreneurship

  Staff Working Paper 2024-43 Pedro Bento, Lin Shao, Faisal Sohail

  The prevalence of entrepreneurs, particularly low-productivity non-employers, declines as economies develop. This decline is more pronounced for women. Relative to men, women are more likely to be entrepreneurs in poor economies but less likely in rich economies.

  Content Type(s): Staff research, Staff working papers Topic(s): Firm dynamics, Productivity JEL Code(s): J, J2, L, L2, O, O1
• November 12, 2024

  CFEC Meeting (November 12, 2024)

  Content Type(s): Meetings Source(s): Canadian Foreign Exchange Committee