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2360
result(s)
On the Evolution of Multiple Jobholding in Canada
Staff Working Paper 2019-49
Olena Kostyshyna,
Etienne Lalé
The number of workers who hold more than one job (a.k.a. multiple jobholders) has increased recently in Canada. While this seems to echo the view that non-standard work arrangements are becoming pervasive, the increase has in fact been trivial compared with the long-run rise of multiple jobholding that has occurred since the mid-1970s.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Econometric and statistical methods,
Labour markets
JEL Code(s):
E,
E2,
E24,
J,
J2,
J21,
J22,
J6,
J60
Furor over the Fed : Presidential Tweets and Central Bank Independence
Staff Analytical Note 2019-33
Antoine Camous,
Dmitry Matveev
We illustrate how market data can be informative about the interactions between monetary and fiscal policy. Federal funds futures are private contracts that reflect investor’s expectations about monetary policy decisions.
Content Type(s):
Staff research,
Staff analytical notes
Topic(s):
Central bank research,
Credibility,
Financial markets,
Monetary policy
JEL Code(s):
E,
E4,
E44,
E5,
E52,
E58
Model Uncertainty and Wealth Distribution
Staff Working Paper 2019-48
Edouard Djeutem,
Shaofeng Xu
This paper studies the implications of model uncertainty for wealth distribution in a tractable general equilibrium model with a borrowing constraint and robustness à la Hansen and Sargent (2008). Households confront model uncertainty about the process driving the return of the risky asset, and they choose robust policies.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Asset pricing,
Business fluctuations and cycles,
Economic models
JEL Code(s):
D,
D3,
D8,
E,
E2
The Cyber Incident Landscape
Staff Analytical Note 2019-32
Nikil Chande,
Dennis Yanchus
The Canadian financial system is vulnerable to cyber threats. But for many firms, cyber risk is difficult to quantify. We examine public information on past cyber incidents to better understand the current risk landscape and find that a holistic view is needed to fully grasp the nature of this risk.
Content Type(s):
Staff research,
Staff analytical notes
Topic(s):
Financial markets,
Financial stability
JEL Code(s):
G,
G2,
G28,
M,
M1,
M15,
O,
O3,
O33,
O38
Changing Fortunes: Long-Termism—G-Zero, Artificial Intelligence and Debt
Staff Discussion Paper 2019-12
Stephen S. Poloz
This paper discusses three long-term forces that are acting on the global economy and their implications for companies and policy-makers.
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
Financial stability,
International topics,
Monetary policy,
Monetary policy and uncertainty,
Trade integration
JEL Code(s):
E,
E6,
E63,
F,
F0,
F02,
F1,
F15,
F5,
F53,
F6,
H,
O,
O1,
O11,
O3,
O33
2018 Merchant Acceptance Survey
Staff Analytical Note 2019-31
Kim Huynh,
Gradon Nicholls,
Mitchell Nicholson
In 2015, the Bank of Canada surveyed merchants and found that cash was nearly universally accepted (Fung, Huynh and Kosse 2017). Since 2015, retail payments in Canada have become increasingly digitalized, as many Canadians have adopted digital payment innovations like contactless cards and Interac e-Transfer.
Content Type(s):
Staff research,
Staff analytical notes
Topic(s):
Bank notes,
Digital currencies and fintech,
Econometric and statistical methods
JEL Code(s):
C,
C8,
D,
D2,
D22,
E,
E4,
L,
L2
Loan Insurance, Market Liquidity, and Lending Standards
Staff Working Paper 2019-47
Toni Ahnert,
Martin Kuncl
We examine loan insurance—credit risk transfer upon origination—in a model in which lenders can screen, learn loan quality over time, and can sell loans. Some lenders with low screening ability insure, benefiting from higher market liquidity of insured loans while forgoing the option to exploit future information about loan quality.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Financial institutions,
Financial markets,
Financial system regulation and policies
JEL Code(s):
G,
G0,
G01,
G2,
G21,
G28
Assessment of Liquidity Creation in the Canadian Banking System
Staff Analytical Note 2019-30
Annika Gnann,
Sahika Kaya
Liquidity creation is a fundamental function of banks. It provides the public with easy access to funds. These funds are important because they allow households and businesses to consume and invest. In this note, we measure liquidity creation by Canadian financial institutions from the first quarter of 2012 to the second quarter of 2019, using a methodology suggested by Berger and Bouwman (2009) and known as the BB measure.
Content Type(s):
Staff research,
Staff analytical notes
Topic(s):
Financial institutions,
Financial stability,
Monetary and financial indicators
JEL Code(s):
G,
G2,
G21,
G28,
G3,
G32
Extreme Downside Risk in Asset Returns
Staff Working Paper 2019-46
Lerby Ergun
Financial markets can experience sudden and extreme downward movements. Investors are highly concerned about the performance of their assets in such scenarios. Some assets perform badly in a downturn in the market; others have milder reactions.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Asset pricing,
Econometric and statistical methods
JEL Code(s):
C,
C1,
C14,
G,
G1,
G11,
G12