September 30, 2016 Research Update - September 2016 This monthly newsletter features the latest research publications by Bank of Canada economists including external publications and working papers published on the Bank of Canada’s website. Content Type(s): Staff research, Research newsletters
September 29, 2016 Banking and Financial Statistics - September 2016 Content Type(s): Publications, Historical: Banking and Financial Statistics
September 28, 2016 Bank of Canada Calls for Nominations for the 2017 Fellowship and Governor’s Awards Media Relations Ottawa, Ontario The Bank of Canada is calling for nominations under its Fellowship Program for 2017. This program provides monetary awards to foster excellence in economic and financial research in Canada, and supports the Bank’s development of partnerships with leading experts. Content Type(s): Press, Press releases Source(s): Fellowship Program
Financial Constraint and Productivity: Evidence from Canadian SMEs Staff Working Paper 2016-44 Shutao Cao, Danny Leung The degree to which financial constraint is binding is often not directly observable in commonly used business data sets (e.g., Compustat). In this paper, we measure and estimate the likelihood of a firm being constrained by external financing using a data set of small- and medium-sized Canadian firms. Content Type(s): Staff research, Staff working papers Topic(s): Firm dynamics, Productivity JEL Code(s): D, D2, D24, G, G3, G32, L, L2, L25
September 26, 2016 Integrating economies through trade affects monetary policy, Governor Poloz says Media Relations Bellingham, Washington In the first annual Paul Storer Memorial Lecture on Canada–US relations, given at Western Washington University, Governor Poloz said that the evolution of international trade practices, such as building global value chains and establishing foreign affiliates, suggests that economies are becoming more integrated. Content Type(s): Press, Press releases
The Paul Storer Memorial Lecture—Cross-Border Trade Integration and Monetary Policy Staff Discussion Paper 2016-20 Stephen S. Poloz In this paper we explore the nexus between cross-border trade integration and monetary policy. We first review the evidence that trade liberalization has increased the degree of integration in North America and conclude that, while robust structural inferences remain elusive, there is sufficient supporting evidence for central banks to treat the issue seriously. Content Type(s): Staff research, Staff discussion papers Topic(s): Economic models, Monetary policy, Trade integration JEL Code(s): E, E3, E37, E5, F, F1, F4, F41, F6
September 26, 2016 Cross-Border Trade Integration and Monetary Policy Lecture Stephen S. Poloz Western Washington University Bellingham, Washington Governor Stephen S. Poloz discusses global trade integration and the implications for the conduct of monetary policy. Content Type(s): Press, Speeches and appearances, Lectures Topic(s): Central bank research, Economic models, Monetary policy, Monetary policy implementation, Monetary policy transmission, Trade integration
September 23, 2016 Weekly Financial Statistics - 23 September 2016 Content Type(s): Publications, Historical: Weekly Financial Statistics