Breaking Down the US Employment Multiplier Using Micro-Level Data Staff Working Paper 2025-8 Edoardo Briganti, Holt Dwyer, Ricardo Duque Gabriel, Victor Sellemi We construct a new dataset of unanticipated contracts and examine their effects on employment growth. We find positive, significant and persistent effects on firms with fewer than 150 employees and estimate a cost-perjob that is an order of magnitude lower than previous estimates. Content Type(s): Staff research, Staff working papers Topic(s): Fiscal policy JEL Code(s): E, E6, E62
February 14, 2025 Release: Senior Loan Officer Survey 10:30 (ET) The Senior Loan Officer Survey collects information on the business-lending practices of Canadian financial institutions. Content Type(s): Upcoming events
Markups, Pass-Through, and Firm Heterogeneity with Sequentially Mixed Search Staff Working Paper 2025-7 Alex Chernoff, Allen Head, Beverly Lapham Market power and pass-through of cost and demand shocks are studied in a market with free entry of heterogeneous firms and consumer mixed search. Equilibrium prices and markups are driven by variation in the elasticity of demand across firms. Improved conditions for buyers can either raise or lower market power. Content Type(s): Staff research, Staff working papers Topic(s): Inflation and prices, Service sector JEL Code(s): D, D2, D21, D4, D43, E, E3, E31, L, L1, L11
February 13, 2025 Procurement Policy Statement The Bank of Canada requires that its resources be used effectively and efficiently to obtain appropriate value for money.
February 12, 2025 Release of the Bank of Canada’s summary of deliberations On Wednesday, February 12, 2025, the Bank of Canada will publish a summary of the deliberations that took place ahead of its interest rate decision on January 29, 2025. Content Type(s): Press, Media advisories
February 12, 2025 Summary of Governing Council deliberations: Fixed announcement date of January 29, 2025 This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on January 29, 2025. Content Type(s): Publications, Summary of deliberations
February 12, 2025 Publication: Summary of Deliberations 13:30 (ET) A summary of monetary policy deliberations by the Governing Council for the policy decision that was announced two weeks earlier. Content Type(s): Upcoming events