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786
result(s)
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
Topic(s):
International topics
JEL Code(s):
Q,
Q4,
Q47
A Structural Model of the Global Oil Market
Staff Analytical Note 2019-17
Reinhard Ellwanger
This note presents a structural vector autoregressive (SVAR) model of the global oil market. The model identifies four types of shocks with different economic interpretations: oil supply shocks, oil-market-specific demand shocks, storage demand shocks and shocks to global economic growth.
Content Type(s):
Staff research,
Staff analytical notes
Topic(s):
Economic models
JEL Code(s):
Q,
Q4,
Q41,
Q43
Measuring Non-Financial Corporate Sector Vulnerabilities in Canada
Staff Analytical Note 2019-15
Timothy Grieder,
Claire Schaffter
The ratio of non-financial corporate debt to gross domestic product in Canada has increased noticeably in recent years and is currently at an all-time high. In light of this development, we use a unique firm-level dataset to construct vulnerability indicators for the non-financial corporate sector in Canada.
Content Type(s):
Staff research,
Staff analytical notes
Topic(s):
Business fluctuations and cycles,
Credit and credit aggregates,
Financial stability,
Monetary and financial indicators,
Recent economic and financial developments,
Sectoral balance sheet
JEL Code(s):
G,
G0,
G01,
G3,
G32
Entrepreneurial Incentives and the Role of Initial Coin Offerings
Staff Working Paper 2019-18
Rodney J. Garratt,
Maarten van Oordt
Initial coin offerings (ICOs) are a new mode of financing start-ups that saw an explosion in popularity in 2017 but declined in popularity in the second half of 2018 as regulatory pressure, instances of fraud and reports of poor performance began to undermine their reputation.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Asset pricing,
Exchange rates
JEL Code(s):
G,
G3,
G32
Assessing Global Potential Output Growth: April 2019
Staff Analytical Note 2019-13
Fares Bounajm,
Jean-Philippe Cayen,
Michael Francis,
Christopher Hajzler,
Kristina Hess,
Guillaume Poulin-Bellisle,
Peter Selcuk
This note presents the updated estimates of potential output growth for the global economy through 2021. Global potential output is expected to grow by 3.3 per cent per year over the projection horizon.
Content Type(s):
Staff research,
Staff analytical notes
Topic(s):
International topics,
Potential output,
Productivity
JEL Code(s):
E,
E1,
E10,
E2,
E20,
O,
O4
Financial Distress and Hedging: Evidence from Canadian Oil Firms
Staff Discussion Paper 2019-4
Kun Mo,
Farrukh Suvankulov,
Sophie Griffiths
The paper explores the link between financial distress and the commodity price hedging behaviour of Canadian oil firms.
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
Financial markets,
Firm dynamics
JEL Code(s):
G,
G3,
G32,
Q,
Q4,
Q40
Potential Output in Canada: 2019 Reassessment
Staff Analytical Note 2019-10
Dany Brouillette,
Julien Champagne,
Carol Khoury,
Natalia Kyui,
Jeffrey Mollins,
Youngmin Park
Potential output is expected to grow on average at 1.8 per cent over 2019–21 and at 1.9 per cent in 2022. While the contribution of trend labour input to potential output growth is expected to decrease between 2019 and 2022, the contribution of trend labour productivity is projected to increase.
Content Type(s):
Staff research,
Staff analytical notes
Topic(s):
Labour markets,
Potential output,
Productivity
JEL Code(s):
E,
E0,
E00,
E2,
E22,
E23,
E24,
E3,
E37,
E6
Could Canadian Bond Funds Add Stress to the Financial System?
Staff Analytical Note 2019-9
Rohan Arora,
Guillaume Bédard-Pagé,
Guillaume Ouellet Leblanc,
Ryan Shotlander
We create a hypothetical scenario to study the role bond funds play in intensifying shocks to the financial system. Using data from 2018 and 2007, we find that bond funds play a larger role now than they did in the past.
Content Type(s):
Staff research,
Staff analytical notes
Topic(s):
Financial markets,
Financial stability
JEL Code(s):
G,
G1,
G2,
G20,
G23
Bond Funds and Fixed-Income Market Liquidity: A Stress-Testing Approach
Technical Report No. 115
Rohan Arora,
Guillaume Bédard-Pagé,
Guillaume Ouellet Leblanc,
Ryan Shotlander
This report provides a detailed technical description of a stress test model for investment funds called Ceto.
Content Type(s):
Staff research,
Technical reports
Topic(s):
Economic models,
Financial institutions,
Financial markets,
Financial stability
JEL Code(s):
G,
G1,
G12,
G14,
G2,
G20,
G23