Do Sunspots Matter? Evidence from an Experimental Study of Bank Runs Staff Working Paper 2014-12 Jasmina Arifovic, Janet Hua Jiang A "sunspot" is a variable that has no direct impact on the economy’s fundamental condition, such as preferences, endowments or technologies, but may nonetheless affect economic outcomes through the expectations channel as a coordination device. This paper investigates how people react to sunspots in the context of a bank-run game in a controlled laboratory environment. Content Type(s): Staff research, Staff working papers Topic(s): Financial markets, Financial stability JEL Code(s): C, C9, C91, C92, D, D8, D80, E, E5, E58, G, G2, G20
Do High-Frequency Financial Data Help Forecast Oil Prices? The MIDAS Touch at Work Staff Working Paper 2014-11 Christiane Baumeister, Pierre Guérin, Lutz Kilian The substantial variation in the real price of oil since 2003 has renewed interest in the question of how to forecast monthly and quarterly oil prices. There also has been increased interest in the link between financial markets and oil markets, including the question of whether financial market information helps forecast the real price of oil in physical markets. Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods, International topics JEL Code(s): C, C5, C53, G, G1, G14, Q, Q4, Q43
March 24, 2014 Financial Benchmarks: A Question of Trust Remarks Timothy Lane Osgoode Hall Law School and Schulich School of Business Toronto, Ontario In his speech, “Financial Benchmarks: A Question of Trust,” Deputy Governor Timothy Lane discusses the importance of financial benchmarks, recent issues, and steps to address them to re-establish trust.” Content Type(s): Press, Speeches and appearances, Remarks
March 21, 2014 Financialization of Commodity Markets Workshop held on 21 March 2014 (papers in unedited, electronic format only) Content Type(s): Conferences and workshops
March 21, 2014 Weekly Financial Statistics - 21 March 2014 Content Type(s): Publications, Historical: Weekly Financial Statistics
March 18, 2014 Demographics, Crisis Aftermath Pose Limits to Growth, Says Bank of Canada Governor Stephen S. Poloz Media Relations Halifax, Nova Scotia Demographic forces and the hangover from the global financial crisis together are putting limits on economic growth, Bank of Canada Governor Stephen S. Poloz said today in Halifax. “A period of subdued growth after a financial crisis can still be regarded as cyclical, in the sense that it will eventually prove to be temporary,” Governor […] Content Type(s): Press, Press releases
March 18, 2014 Redefining the Limits to Growth Remarks Stephen S. Poloz Halifax Chamber of Commerce Halifax, Nova Scotia Bank of Canada Governor Stephen S. Poloz discusses the forces that are holding back economic growth in Canada and the world. Content Type(s): Press, Speeches and appearances, Remarks