October 31, 2014 Weekly Financial Statistics - 31 October 2014 Content Type(s): Publications, Historical: Weekly Financial Statistics
October 30, 2014 Banking and Financial Statistics - October 2014 Content Type(s): Publications, Historical: Banking and Financial Statistics
October 29, 2014 Opening Statement before the Senate Standing Committee on Banking, Trade and Commerce Opening statement Stephen S. Poloz Senate Standing Committee on Banking, Trade and Commerce Ottawa, Ontario Good afternoon, Mr. Chairman and committee members. I am pleased to introduce you to Carolyn Wilkins, who assumed the post of Senior Deputy Governor of the Bank of Canada on 2 May of this year. Before we take your questions, let me give you some of the highlights of the economic outlook. I’ll draw mainly […] Content Type(s): Press, Speeches and appearances, Opening statements
The Propagation of Industrial Business Cycles Staff Working Paper 2014-48 Maximo Camacho, Danilo Leiva-Leon This paper examines the business cycle linkages that propagate industry-specific business cycle shocks throughout the economy in a way that (sometimes) generates aggregated cycles. The transmission of sectoral business cycles is modelled through a multivariate Markov-switching model, which is estimated by Gibbs sampling. Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Domestic demand and components, Econometric and statistical methods JEL Code(s): C, C2, C22, E, E2, E27, E3, E32
Labour Share Fluctuations in Emerging Markets: The Role of the Cost of Borrowing Staff Working Paper 2014-47 Serdar Kabaca This paper contributes to the literature by documenting labour income share fluctuations in emerging-market economies and proposing an explanation for them. Time-series data indicate that emerging markets differ from developed markets in terms of changes in the labour share over the business cycle. Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Development economics, Interest rates, International topics, Labour markets JEL Code(s): E, E2, E25, E4, E44, F, F4, F41
October 24, 2014 Notice: Senate Committee Appearance Rescheduled Bank of Canada Governor Stephen S. Poloz and Senior Deputy Governor Carolyn Wilkins will appear before the Senate Standing Committee on Banking, Trade and Commerce on Wednesday, 29 October 2014 at 16:15 (ET). Content Type(s): Press, Announcements
October 24, 2014 Weekly Financial Statistics - 24 October 2014 Content Type(s): Publications, Historical: Weekly Financial Statistics
Are There Gains from Pooling Real-Time Oil Price Forecasts? Staff Working Paper 2014-46 Christiane Baumeister, Lutz Kilian, Thomas K. Lee The answer as to whether there are gains from pooling real-time oil price forecasts depends on the objective. The approach of combining five of the leading forecasting models with equal weights dominates the strategy of selecting one model and using it for all horizons up to two years. Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods, International topics JEL Code(s): C, C5, C53, Q, Q4, Q43