Staff discussion papers are completed staff research studies on a wide variety of subjects relevant to central bank policy.
284
result(s)
Trends in Firm Entry and New Entrepreneurship in Canada
Staff Discussion Paper 2015-11
Shutao Cao,
Mohanad Salameh,
Mai Seki,
Pierre St-Amant
Recently released data show downward trends for both the firm entry rate and the rate of new entrepreneurship since the early 1980s in Canada. This paper documents these trends and discusses potential explanations.
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
Firm dynamics,
Market structure and pricing,
Productivity
JEL Code(s):
L,
L1,
L11,
M,
M1,
M13
An Update - Canadian Non-Energy Exports: Past Performance and Future Prospects
Staff Discussion Paper 2015-10
André Binette,
Daniel de Munnik,
Julie Melanson
In light of the fact that Canada was continuing to lose market share in the United States, Binette, de Munnik and Gouin-Bonenfant (2014) studied 31 Canadian non-energy export (NEX) categories to assess their individual performance.
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
Balance of payments and components,
Exchange rates,
International topics
JEL Code(s):
F,
F1,
F10,
F14,
F4,
F43
Exchange Rate Pass-Through to Consumer Prices: Theory and Recent Evidence
Staff Discussion Paper 2015-9
Laurence Savoie-Chabot,
Mikael Khan
In an open economy such as Canada’s, exchange rate movements can have a material impact on consumer prices. This is particularly important in the current context, with the significant depreciation of the Canadian dollar vis-a-vis the U.S. dollar since late 2012.
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
Exchange rates,
Inflation and prices
JEL Code(s):
E,
E3,
E31,
E5,
E52,
F,
F3,
F31
The Optimal Level of the Inflation Target: A Selective Review of the Literature and Outstanding Issues
Staff Discussion Paper 2015-8
Oleksiy Kryvtsov,
Rhys R. Mendes
Bank of Canada research done prior to the most recent renewal of the inflation-control agreement in 2011 concluded that the benefits associated with a target below 2 per cent were insufficient to justify the increased risk of being constrained by the zero lower bound (ZLB) on nominal interest rates.
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
Inflation targets,
Inflation: costs and benefits,
Monetary policy framework
JEL Code(s):
E,
E5,
E52,
E58
On the Nexus of Monetary Policy and Financial Stability: Recent Developments and Research
Staff Discussion Paper 2015-7
Oleksiy Kryvtsov,
Miguel Molico,
Ben Tomlin
Because financial and macroeconomic conditions are tightly interconnected, financial stability considerations are an important element of any monetary policy framework. Yet, the circumstances under which it would be appropriate for the Bank to use monetary policy to lean against financial risks need to be more fully specified (Côté 2014).
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
Financial stability,
Monetary policy framework
JEL Code(s):
E,
E0,
E4,
E44,
E5,
E52,
E58,
G,
G1,
G18
Public Policy Objectives and the Next Generation of CPA Systems: An Analytical Framework
Staff Discussion Paper 2015-6
James Chapman,
Jonathan Chiu,
Sajjad Jafri,
Héctor Pérez Saiz
The payments landscape in Canada is rapidly changing and will continue to evolve, fuelled by strong and persistent drivers. In Canada, the Canadian Payments Association (CPA) is on a path to modernize Canada’s core payment systems.
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
Economic models,
Financial services,
Financial system regulation and policies,
Payment clearing and settlement systems
JEL Code(s):
E,
E4,
E42,
L,
L1,
L14,
L15,
L5,
L52
Decomposing Movements in U.S. Non-Energy Import Market Shares
Staff Discussion Paper 2015-5
Russell Barnett,
Karyne B. Charbonneau
Country market shares of U.S. non-energy imports have changed considerably since 2002, with varying volatility across three subperiods: pre-crisis (2002–07), crisis (2007–09) and post-crisis (2009–14). In this paper, we analyze market shares for four main trading partners of the United States (Canada, Mexico, China and Japan).
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
International topics
JEL Code(s):
F,
F1,
F10,
F14,
F4
2013 Methods-of-Payment Survey Results
Staff Discussion Paper 2015-4
Christopher Henry,
Kim Huynh,
Rallye Shen
As the sole issuer of bank notes, the Bank of Canada conducts methods-of-payment (MOP) surveys to obtain a detailed and representative snapshot of Canadian payment choices, with a focus on cash usage.
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
Bank notes,
Digital currencies and fintech
JEL Code(s):
E,
E4
Sluggish Exports in Advanced Economies: How Much Is Due to Demand?
Staff Discussion Paper 2015-3
Louis Morel
Exports in advanced economies have been relatively sluggish since 2011, growing at a much slower pace than observed before the global financial crisis.
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
International topics,
Recent economic and financial developments
JEL Code(s):
F,
F1,
F4