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2098 Results

Introducing a Systematic Measure of Idiosyncratic Prices

Staff analytical note 2018-33 Madigan Dockrill, Laurence Savoie-Chabot
There is a risk that Bank of Canada staff may inadvertently be biased when analyzing inflation: when inflation surprises on the downside, staff might emphasize negative idiosyncratic factors. When inflation surprises on the upside, staff might emphasize the positive idiosyncratic factors.

The Business Leaders’ Pulse—An Online Business Survey

This paper introduces the Business Leaders’ Pulse, a new online survey conducted each month. It is designed to provide timely and flexible input into the Bank of Canada’s monetary policy decision making by asking firms about their sales and employment growth expectations, the risks to their business outlook, and topical questions that address specific information needs of the Bank.

Exploring the drivers of the real term premium in Canada

Staff analytical note 2025-3 Zabi Tarshi, Gitanjali Kumar
Changes in the term premium can reflect uncertainty about inflation, growth and monetary policy. Understanding the key factors that influence the term premium is important when central banks make decisions about monetary policy. In this paper, we derive the real term premium from the nominal term premium in Canada.
March 23, 2021

Market stress relief: The role of the Bank of Canada’s balance sheet

Remarks (delivered virtually) Toni Gravelle CFA Society Toronto Toronto, Ontario
Deputy Governor Toni Gravelle discusses actions taken by the Bank of Canada to respond to market-wide stresses during the COVID-19 pandemic and the Bank’s role as lender of last resort in the financial system.

The Scale and Scope of Online Retail

Staff analytical note 2018-19 Alex Chernoff
This paper studies the growth of online retail over the period 1999–2012, using confidential firm-product-level data for Canada. The revenue of online retailers is decomposed into the contributions of product scope (the number of product categories) and product scale (average revenue per product category).
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