Search

Content Types

Subjects

Authors

Research Themes

JEL Codes

Sources

Published After

Published Before

2160 Results

Nowcasting Canadian Economic Activity in an Uncertain Environment

Staff discussion paper 2018-9 Tony Chernis, Rodrigo Sekkel
This paper studies short-term forecasting of Canadian real GDP and its expenditure components using combinations of nowcasts from different models. Starting with a medium-sized data set, we use a suite of common nowcasting tools for quarterly real GDP and its expenditure components.

To Tokenize, or Not to Tokenize: The Design Question for a Central Bank Digital Currency

Staff working paper 2026-14 Jonathan Chiu, Cyril Monnet, Oliver Junye Xu
This paper develops a general equilibrium model to assess central bank digital currency (CBDC) design in a monetary system where traditional banks and “crypto banks” (i.e., banks that issue stablecoins) coexist. We compare tokenized and non-tokenized CBDC, showing that their desirability depends on the reliability of private money provision, the availability of collateral assets and the features of the crypto sector.

What do high-frequency expenditure network data reveal about spending and inflation during COVID‑19?

Staff analytical note 2020-20 Kim Huynh, Helen Lao, Patrick Sabourin, Angelika Welte
The official consumer price index (CPI) inflation measure, based on a fixed basket set before the COVID 19 pandemic, may not fully reflect what consumers are currently experiencing. We partnered with Statistics Canada to construct a more representative index for the pandemic with weights based on real-time transaction and survey data.

The Effect of Oil Price Shocks on Asset Markets: Evidence from Oil Inventory News

Staff working paper 2020-8 Ron Alquist, Reinhard Ellwanger, Jianjian Jin
We quantify the reaction of U.S. equity, bond futures, and exchange rate returns to oil price shocks driven by oil inventory news.

The Rise of Non-Regulated Financial Intermediaries in the Housing Sector and its Macroeconomic Implications

Staff working paper 2017-36 Hélène Desgagnés
I examine the impact of non-regulated lenders in the mortgage market using a dynamic stochastic general equilibrium (DSGE) model. My model features two types of financial intermediaries that differ in three ways: (i) only regulated intermediaries face a capital requirement, (ii) non-regulated intermediaries finance themselves by selling securities and cannot accept deposits, and (iii) non-regulated intermediaries face a more elastic demand.
August 4, 2010

Fellowship Award

Annual research grants and expense allowances for a term of up to five years.

The Heterogeneous Effects of COVID-19 on Canadian Household Consumption, Debt and Savings

Staff working paper 2020-51 James (Jim) C. MacGee, Thomas Michael Pugh, Kurt See
The impact of COVID-19 on Canadian households’ debt and unplanned savings varies by household income. Low-income and high-income households accrued unplanned savings, while middle-income households tended to accumulate more debt.

On the Programmability and Uniformity of Digital Currencies

Staff working paper 2025-18 Jonathan Chiu, Cyril Monnet
Central bankers argue that programmable digital currencies may compromise the uniformity of money. We develop a stylized model to examine this argument and the trade-offs involved in circulating programmable money.
Go To Page