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2095 Results

An Improved Equation for Predicting Canadian Non-Commodity Exports

Staff discussion paper 2017-1 Patrick Alexander, Jean-Philippe Cayen, Alex Proulx
We estimate two new equations for Canadian non-commodity exports (NCX) that incorporate three important changes relative to the current equation used at the Bank of Canada.

How changes in the share of constrained households affect the effectiveness of monetary policy

Staff analytical note 2024-3 Felipe Alves, Sushant Acharya
We measure how the change in the share of constrained households in Canada following the COVID-19 recession has impacted the effectiveness of monetary policy.

The New Benchmark for Forecasts of the Real Price of Crude Oil

How can we assess the quality of a forecast? We propose a new benchmark to evaluate forecasts of temporally aggregated series and show that the real price of oil is more difficult to predict than we thought.

The Political Impact of Immigration: Evidence from the United States

Staff working paper 2018-19 Anna Maria Mayda, Giovanni Peri, Walter Steingress
In this paper we study the impact of immigration to the United States on the vote for the Republican Party by analyzing county-level data on election outcomes between 1990 and 2010. Our main contribution is to separate the effect of high-skilled and low-skilled immigrants, by exploiting the different geography and timing of the inflows of these two groups of immigrants.
December 10, 2005

A History of the Canadian Dollar - by James Powell

The history of Canada's money provides a unique perspective from which to view the growth and development of the Canadian economy and Canada as a nation. Author James Powell traces the evolution of Canadian money form its pre-colonial origins to the present day, highlighting the currency chaos of the colonial period, as well as the effects of two world wars and the Great Depression.

September 13, 2006

Weathering Economic Shocks: The Importance of Flexibility

Remarks Paul Jenkins Vancouver Board of Trade Vancouver, British Columbia
First, I should explain what I mean by flexibility. As most of you are surely aware, the Bank of Canada has been openly discussing the importance of promoting policies that support economic efficiency, including financial system efficiency. Efficiency refers to the allocation of scarce economic resources to the most productive uses, in a cost-effective way.
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