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279
result(s)
Canada’s Experience with Trade Policy
Staff Discussion Paper 2018-1
Karyne B. Charbonneau,
Daniel de Munnik,
Laura Murphy
This paper compiles the contemporary view on three major Canadian-led trade policies that have marked Canada’s economic history since Confederation: the National Policy (1879), the Canada–US Agreement on Automotive Products (Auto Pact, 1965) and the Canada–US Free Trade Agreement (FTA, 1989, including its extension to the North American Free Trade Agreement, NAFTA, 1994).
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
International topics,
Trade integration
JEL Code(s):
F,
F1,
F13,
N,
N7,
N71,
N72
Who Pays? CCP Resource Provision in the Post-Pittsburgh World
Staff Discussion Paper 2017-17
Jorge Cruz Lopez,
Mark Manning
At the Pittsburgh Summit in 2009, G20 countries announced their commitment to clear all standardized over-the-counter (OTC) derivatives through central counterparties (CCPs). Since then, CCPs have become increasingly important and there has been an extensive program of regulatory enhancements to both them and OTC derivatives markets.
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
Financial markets,
Financial stability,
Financial system regulation and policies
JEL Code(s):
G,
G0,
G01,
G2,
G28
Central Bank Digital Currency: Motivations and Implications
Staff Discussion Paper 2017-16
Walter Engert,
Ben Fung
The emergence of digital currencies such as Bitcoin and the underlying blockchain and distribution ledger technology have attracted significant attention. These developments have raised the possibility of considerable impacts on the financial system and perhaps the wider economy.
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
Bank notes,
Digital currencies and fintech,
Financial services,
Payment clearing and settlement systems
JEL Code(s):
E,
E4,
E41,
E42,
E5
Product Sophistication and the Slowdown in Chinese Export Growth
Staff Discussion Paper 2017-15
Mark Kruger,
Walter Steingress,
Sri Thanabalasingam
Chinese real export growth decelerated considerably during the last decade. This paper argues that the slowdown largely resulted from China moving to a more sophisticated mix of exports: China produced more sophisticated goods over which it had pricing power instead of producing greater volumes of less sophisticated products.
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
Development economics,
Exchange rates,
International topics
JEL Code(s):
F,
F1,
F14,
F17,
O,
O1,
O10
Communicating Uncertainty in Monetary Policy
Staff Discussion Paper 2017-14
Sharon Kozicki,
Jill Vardy
While central banks cannot provide complete foresight with respect to their future policy actions, it is in the interests of both central banks and market participants that central banks be transparent about their reaction functions and how they may evolve in response to economic developments, shocks, and risks to their outlooks.
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
Credibility,
Monetary policy,
Monetary policy and uncertainty,
Monetary policy communications
JEL Code(s):
E,
E5,
E52,
E58,
E6,
E61,
E65
Monetary Policy Under Uncertainty: Practice Versus Theory
Staff Discussion Paper 2017-13
Rhys R. Mendes,
Stephen Murchison,
Carolyn A. Wilkins
For central banks, conducting policy in an environment of uncertainty is a daily fact of life. This uncertainty can take many forms, ranging from incomplete knowledge of the correct economic model and data to future economic and geopolitical events whose precise magnitudes and effects cannot be known with certainty.
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
Monetary policy,
Monetary policy and uncertainty
JEL Code(s):
E,
E5,
E52,
E58,
E6,
E61,
E65
Understanding the Time Variation in Exchange Rate Pass-Through to Import Prices
Staff Discussion Paper 2017-12
Rose Cunningham,
Min Jae Kim,
Christian Friedrich,
Kristina Hess
In this paper, we analyze the presence of time variation in the pass-through from the nominal effective exchange rate to import prices for 24 advanced economies over the period 1995–2015. In line with earlier studies in the literature, we find substantial heterogeneity in the level of exchange rate pass-through across countries.
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
Exchange rates,
Inflation and prices,
International topics,
Monetary policy transmission
JEL Code(s):
E,
E3,
E31,
F,
F3,
F31,
F4,
F41
What’s Up with Unit Non-Response in the Bank of Canada’s Business Outlook Survey? The Effect of Staff Tenure
Staff Discussion Paper 2017-11
Sarah Miller,
David Amirault,
Laurent Martin
Since 1997, the Bank of Canada’s regional offices have been conducting the Business Outlook Survey (BOS), a quarterly survey of business conditions. Survey responses are gathered through face-to-face, confidential consultations with a sample of private sector firms representative of the various sectors, firm sizes and regions across Canada.
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
Econometric and statistical methods,
Firm dynamics,
Regional economic developments
JEL Code(s):
C,
C2,
C21,
C8,
C81,
D,
D2,
D22
Fintech: Is This Time Different? A Framework for Assessing Risks and Opportunities for Central Banks
Staff Discussion Paper 2017-10
Meyer Aaron,
Francisco Rivadeneyra,
Samantha Sohal
We investigate the risks and opportunities to the mandates of central banks arising from fintech developments.
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
Central bank research,
Digital currencies and fintech,
Financial institutions,
Payment clearing and settlement systems
JEL Code(s):
E,
E4,
E42,
G,
G1,
G2,
L,
L1