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2380
result(s)
Four Decades of Canadian Earnings Inequality and Dynamics Across Workers and Firms
Staff Working Paper 2021-20
Audra Bowlus,
Émilien Gouin-Bonenfant,
Huju Liu,
Lance Lochner,
Youngmin Park
We use four decades of Canadian matched employer-employee data to explore how inequality and the dynamics of individual earnings have evolved over time in Canada. We also examine how the earnings growth of individuals is related to the growth of their employers.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Econometric and statistical methods,
Firm dynamics,
Labour markets,
Potential output,
Productivity
JEL Code(s):
D,
D2,
D22,
D3,
D31,
E,
E2,
E24,
J,
J2,
J24,
J3,
J31,
J6,
J63
Payments on Digital Platforms: Resiliency, Interoperability and Welfare
Staff Working Paper 2021-19
Jonathan Chiu,
Tsz-Nga Wong
This paper studies the business model choice between running a cash platform and a token platform, as well as its welfare and policy implications.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Digital currencies and fintech,
Monetary policy,
Payment clearing and settlement systems
JEL Code(s):
E,
E4,
E5,
L,
L5
Potential output and the neutral rate in Canada: 2021 update
Staff Analytical Note 2021-6
Dany Brouillette,
Guyllaume Faucher,
Martin Kuncl,
Austin McWhirter,
Youngmin Park
We expect potential output growth to be higher than in the October 2020 reassessment. By 2024, growth will be slightly above its average growth from 2010 to 2019. We assess that the Canadian nominal neutral rate continues to lie in the range of 1.75 to 2.75 percent.
Content Type(s):
Staff research,
Staff analytical notes
Topic(s):
Economic models,
Interest rates,
Labour markets,
Monetary policy,
Potential output,
Productivity
JEL Code(s):
E,
E2,
E23,
E24,
E3,
E37,
E4,
E43,
E5,
E52
Assessing global potential output growth and the US neutral rate: April 2021
Staff Analytical Note 2021-5
Thomas J. Carter,
Xin Scott Chen,
Ali Jaffery,
Christopher Hajzler,
Jonathan Lachaine,
Peter Shannon,
Subrata Sarker,
Graeme Westwood,
Beiling Yan
We expect global potential output growth to rise to 3 percent by 2022. Relative to the last assessment in October 2020, potential output growth has been revised up across all the regions. The range of the US neutral rate remains unchanged relative to the autumn 2020 assessment.
Content Type(s):
Staff research,
Staff analytical notes
Topic(s):
Interest rates,
Monetary policy,
Potential output,
Productivity
JEL Code(s):
E,
E1,
E2,
E4,
E5,
F,
F0,
O,
O4
Adoption of Digital Technologies: Insights from a Global Survey Initiative
Staff Discussion Paper 2021-7
James Fudurich,
Lena Suchanek,
Lise Pichette
Firms are at the forefront of adopting new technology. Using survey data from a global network of central banks, we assess the effects of digitalization on firms’ pricing and employment decisions.
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
Firm dynamics,
Inflation and prices,
Labour markets
JEL Code(s):
D,
D2,
D22,
E,
E3,
E31,
J,
J2,
J21,
O,
O3,
O33
Update on housing market imbalances and household indebtedness
Staff Analytical Note 2021-4
Mikael Khan,
Olga Bilyk,
Matthew Ackman
Exceptional strength in the housing market during the pandemic is underpinning Canada’s economic recovery. However, two key vulnerabilities—housing market imbalances and elevated household indebtedness—have intensified.
Content Type(s):
Staff research,
Staff analytical notes
Topic(s):
Coronavirus disease (COVID-19),
Credit and credit aggregates,
Financial stability,
Housing,
Recent economic and financial developments,
Sectoral balance sheet
JEL Code(s):
D,
D1,
D14,
D8,
D84,
E,
E5,
G,
G2,
G21,
G28,
R,
R2,
R21
Stablecoin Assessment Framework
Staff Discussion Paper 2021-6
Alejandro García,
Bena Lands,
Dennis Yanchus
We offer relevant authorities a three-step assessment framework they can use to understand, identify and quantify the risks associated with stablecoin and other cryptocurrency arrangements.
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
Digital currencies and fintech,
Financial institutions,
Financial markets,
Financial system regulation and policies,
Payment clearing and settlement systems
JEL Code(s):
D,
D7,
D78,
D8,
D81,
G,
G0,
G01,
G1,
G18,
O,
O3,
O38
Examining the Impact of Home Purchase Restrictions on China’s Housing Market
Staff Working Paper 2021-18
Zhentong Lu,
Sisi Zhang,
Jian Hong
How do “cooling measures” in the housing market—policies aimed to stabilize prices—affect the market? We use a structural model of housing demand and price competition among developers to evaluate China’s home purchase restriction policies implemented in 2010–11.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Housing,
Market structure and pricing
JEL Code(s):
O,
O1,
O18,
R,
R3,
R31,
R38
Trade and Market Power in Product and Labor Markets
Staff Working Paper 2021-17
Gaelan MacKenzie
Trade liberalizations increase the sales and input purchases of productive firms relative to their less productive domestic competitors. This reallocation affects firms’ market power in their product and input markets. I quantify how the labour market power of employers affects the distribution and size of the gains from trade.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Economic models,
Labour markets,
Market structure and pricing,
Productivity,
Trade integration
JEL Code(s):
D,
D4,
D43,
F,
F1,
F12,
F6,
J,
L,
L1,
L13