How Should Unemployment Insurance Vary over the Business Cycle? Staff Working Paper 2020-47 Serdar Birinci, Kurt See Should unemployment benefits be more generous during economic downturns? The optimal amount and duration of benefit payments ultimately depend on the demographic and wealth characteristics of benefit recipients. Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Fiscal policy, Labour markets JEL Code(s): E, E2, E24, E3, E32, J, J6, J64, J65
November 5, 2020 Bank of Canada Senior Deputy Governor Carolyn A. Wilkins to leave the Bank in December Media Relations Ottawa, Ontario Senior Deputy Governor Carolyn A. Wilkins has informed the Bank’s Board of Directors that her last day at the Bank will be December 9, 2020. Content Type(s): Press, Press releases
November 5, 2020 2020 Bank of Canada Annual Economic Conference: The Future of Money and Payments: Implications for Central Banking Conference held on November 5 to 7, 2020. Content Type(s): Conferences and workshops
Earnings Dynamics and Intergenerational Transmission of Skill Staff Working Paper 2020-46 Lance Lochner, Youngmin Park How are your past, current and future earnings related to those of your parents? We explore this by using 37 years of Canadian tax data on two generations. Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods, Labour markets, Potential output, Productivity JEL Code(s): C, C3, C33, J, J2, J24, J6, J62
November 4, 2020 Advertisement for the position of Senior Deputy Governor of the Bank of Canada Carolyn A. Wilkins has announced she will not seek a second term as Senior Deputy Governor. Learn more about this leadership opportunity. Content Type(s): Press, Announcements
Understanding Trend Inflation Through the Lens of the Goods and Services Sectors Staff Working Paper 2020-45 Yunjong Eo, Luis Uzeda, Benjamin Wong The goods and services sectors have experienced considerably different dynamics over the past three decades. Our goal in this paper is to understand how such contrasting behaviors at the sectoral level affect the aggregate level of trend inflation dynamics. Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods, Inflation and prices, Monetary policy transmission JEL Code(s): C, C1, C11, C3, C32, E, E3, E31, E5, E52
November 3, 2020 Changes to the Frequency of Government of Canada Treasury Bills auctions The Bank of Canada, acting as fiscal agent of the Government of Canada, and the Department of Finance are announcing a change to the frequency of Treasury Bill auctions to help manage the Government of Canada’s current large cash holdings. Content Type(s): Press, Market notices