ElasticSearch Score: 6.426845
January 23, 2007
Cover page
French Provincial Issues in Canada
The coins pictured on the cover are part of the National Currency Collection, Bank of Canada.
Photography by Gord Carter, Ottawa.
ElasticSearch Score: 6.3706555
How much of a CBDC would Canadian households want to hold, and what design features of a CBDC would they care about?
ElasticSearch Score: 6.355983
We use a new real-time database for Canada to study various output gap measures. This includes recently developed measures based on models incorporating many variables as inputs (and therefore requiring real-time data for many variables).
ElasticSearch Score: 6.347654
Stock market fundamentals would not seem to meaningfully predict returns over a shorter-term horizon—instead, I shift focus to severe downside risk (i.e., crashes).
ElasticSearch Score: 6.3316436
Many central banks are contemplating whether to issue central bank digital currency. This piece explores the implications as well as potential motivators of such a step.
ElasticSearch Score: 6.3302984
December 9, 2010
Although the global financial system continues to recover gradually from the unprecedented dislocations experienced in recent years, significant downside risks remain. Market concerns over acute fiscal strains in some euro-area countries have intensified sharply in recent weeks.
FSR Highlights - December 2010
ElasticSearch Score: 6.310978
December 18, 2006
The Bank of Canada's interest in fixed-income markets spans several of its functional areas of responsibility, including monetary policy, funds management, and financial system stability and efficiency. For that reason, the 2006 conference brought together top academics and central bankers from around the world to discuss leading-edge work in the field of fixed-income research. The papers and discussions cover such topics as the efficiency of fixed-income markets, price formation, the determinants of the yield curve, and volatility modelling. This article provides a short summary of each conference paper and the ensuing discussion.
ElasticSearch Score: 6.277387
During downturns, workers get stuck in low-productivity jobs and wages remain stagnant. I build an heterogenous agent incomplete market model with a full job ladder that accounts for these facts. An adverse financial shock calibrated to the US Great Recession replicates the period’s slow recovery and missing disinflation.
ElasticSearch Score: 6.276701
Operational events in the Large Value Transfer System (LVTS) almost always result in a disturbance of the regular flow of payments.
ElasticSearch Score: 6.2760916