Central bank research

• The Bank of Canada 2015 Retailer Survey on the Cost of Payment Methods: Sampling

  Technical Report No. 108 Angelika Welte

  In 2015, the Bank of Canada undertook the large-scale Retailer Survey on the Cost of Payment Methods.

  Content Type(s): Staff research, Technical reports Research Topic(s): Central bank research, Econometric and statistical methods JEL Code(s): C, C8, C81, C83

• The Bank of Canada 2015 Retailer Survey on the Cost of Payment Methods: Nonresponse

  Technical Report No. 107 Stan Hatko

  Nonresponse is a considerable challenge in the Retailer Survey on the Cost of Payment Methods conducted by the Bank of Canada in 2015. There are two types of nonresponse in this survey: unit nonresponse, in which a business does not reply to the entire survey, and item nonresponse, in which a business does not respond to particular questions within the survey.

  Content Type(s): Staff research, Technical reports Research Topic(s): Central bank research JEL Code(s): C, C8, C81, C83
• March 2, 2017

  Thermometer Rising—Climate Change and Canada’s Economic Future

  Remarks Timothy Lane Finance and Sustainability Initiative Montréal, Quebec

  Deputy Governor Tim Lane discusses the implications of climate change—and actions to address it—for Canada’s economy and financial system.

  Content Type(s): Press, Speeches and appearances, Remarks Research Topic(s): Central bank research, Climate change, Financial markets, Financial stability, Financial system regulation and policies, International financial markets, International topics
• February 9, 2017

  Getting to the Core of Inflation

  Remarks Lawrence L. Schembri Department of Economics, Western University London, Ontario

  Deputy Governor Lawrence Schembri discusses the uses and measures of core inflation in the conduct of monetary policy.

  Content Type(s): Press, Speeches and appearances, Remarks Research Topic(s): Business fluctuations and cycles, Central bank research, Inflation and prices, Inflation targets, Monetary policy, Recent economic and financial developments
• January 31, 2017

  Models and the Art and Science of Making Monetary Policy

  Remarks Stephen S. Poloz University of Alberta School of Business Edmonton, Alberta

  Governor Stephen S. Poloz discusses the evolution of economic models and the need for central bankers to apply judgment in using them.

  Content Type(s): Press, Speeches and appearances, Remarks Research Topic(s): Central bank research, Econometric and statistical methods, Economic models, Financial markets, International topics, Monetary policy and uncertainty

• Comparing Forward Guidance and Neo-Fisherianism as Strategies for Escaping Liquidity Traps

  Staff Analytical Note 2016-16 Robert Amano, Thomas J. Carter, Rhys R. Mendes

  What path should policy-makers select for the nominal rate when faced with a liquidity trap during which the effective lower bound binds?

  Content Type(s): Staff research, Staff analytical notes Research Topic(s): Central bank research, Economic models, Inflation and prices, Interest rates, Monetary policy framework, Monetary policy transmission JEL Code(s): E, E4, E5
• November 28, 2016

  From Hewers of Wood to Hewers of Code: Canada’s Expanding Service Economy

  Remarks Stephen S. Poloz C.D. Howe Institute Toronto, Ontario

  Governor Stephen S. Poloz discusses how growth in Canada’s service sector is leading to high-paying jobs and helping complete the economic recovery.

  Content Type(s): Press, Speeches and appearances, Remarks Research Topic(s): Central bank research, Economic models, Firm dynamics, Productivity, Recent economic and financial developments, Service sector
• November 1, 2016

  25 Years of Inflation Targets: Certainty for Uncertain Times

  Remarks Stephen S. Poloz Business Council of British Columbia Vancouver, British Columbia

  Governor Stephen S. Poloz discusses the renewal of Canada’s inflation-targeting agreement and how it continues to help the economy.

  Content Type(s): Press, Speeches and appearances, Remarks Research Topic(s): Central bank research, Credibility, Inflation targets, Inflation: costs and benefits, Monetary aggregates, Monetary policy framework
• 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 Research Topic(s): Central bank research, Economic models, Monetary policy, Monetary policy implementation, Monetary policy transmission, Trade integration

• A Primer on Neo-Fisherian Economics

  Staff Analytical Note 2016-14 Robert Amano, Thomas J. Carter, Rhys R. Mendes

  Conventional models imply that central banks aiming to raise inflation should lower nominal rates and thus stimulate aggregate demand. However, several economists have recently challenged this conventional wisdom in favour of an alternative “neo-Fisherian’’ view under which higher nominal rates might in fact lead to higher inflation.

  Content Type(s): Staff research, Staff analytical notes Research Topic(s): Central bank research, Economic models, Inflation and prices, Interest rates, Monetary policy framework, Monetary policy transmission JEL Code(s): E, E4, E5