Staff working papers provide a forum for staff to publish work-in-progress research intended for journal publication.
1302
result(s)
The Geography of Pandemic Containment
Staff Working Paper 2021-26
Elisa Giannone,
Nuno Paixao,
Xinle Pang
Interconnectedness between US states has affected the evolution of the COVID-19 pandemic. We study the optimal containment policies regulating the movement of goods and people within and between states.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Coronavirus disease (COVID-19),
Economic models,
Regional economic developments
JEL Code(s):
F,
F1,
H,
H0,
I,
I1,
R,
R1
COVID-19 and Implications for Automation
Staff Working Paper 2021-25
Alex Chernoff,
Casey Warman
Occupations held by females with mid-level education face the highest risk of accelerated automation as a result of the COVID-19 pandemic.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Coronavirus disease (COVID-19),
International topics,
Labour markets
JEL Code(s):
I,
I1,
I14,
I2,
I24,
J,
J1,
J15,
J16,
R,
R1,
R12
Shaping the future: Policy shocks and the GDP growth distribution
Staff Working Paper 2021-24
Francois-Michel Boire,
Thibaut Duprey,
Alexander Ueberfeldt
Can central bank and government policies impact the risks around the outlook for GDP growth? We find that fiscal stimulus makes strong GDP growth more likely—even more so when monetary policy is constrained—rather than weak GDP growth less likely. Thus, fiscal stimulus should accelerate the recovery phase of the COVID-19 pandemic.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Central bank research,
Econometric and statistical methods,
Financial stability,
Fiscal policy,
Monetary policy
JEL Code(s):
C,
C3,
C32,
C5,
C53,
E,
E5,
E52,
E6,
E62
An Empirical Analysis of Bill Payment Choices
Staff Working Paper 2021-23
Anneke Kosse
How do Canadians pay their bills? 2019 survey data collected from over 4,000 Canadian consumers show how people’s bill payment choices vary with consumer characteristics and types of bills. The data also reveal that many consumers feel limited in their choices, which suggests that preferences of billers might play an important role as well.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Bank notes,
Econometric and statistical methods,
Financial services,
Payment clearing and settlement systems
JEL Code(s):
D,
D1,
D9,
G,
G2
Evolving Temperature Dynamics in Canada: Preliminary Evidence Based on 60 Years of Data
Staff Working Paper 2021-22
Robert Amano,
Marc-André Gosselin,
Julien McDonald-Guimond
Are summers getting hotter? Do daily temperatures change more than they used to? Using daily Canadian temperature data from 1960 to 2020 and modern econometric methods, we provide economists and policy-makers evidence on the important climate change issue of evolving temperatures.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Climate change,
Econometric and statistical methods
JEL Code(s):
C,
C2,
C22,
Q,
Q5,
Q54
Optimal Monetary and Macroprudential Policies
Staff Working Paper 2021-21
Josef Schroth
Optimal coordination of monetary and macroprudential policies implies higher risk weights on (safe) bonds any time that banks are required to hold additional capital buffers. Coordination also implies a somewhat tighter monetary-policy stance whenever such capital buffers are released.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Credit and credit aggregates,
Financial stability,
Financial system regulation and policies,
Inflation targets,
Monetary policy
JEL Code(s):
E,
E4,
E44,
E6,
E60,
G,
G2,
G21,
G28
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
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