Posts

• January 31, 2014

  Weekly Financial Statistics - 31 January 2014

  Content Type(s): Publications, Historical: Weekly Financial Statistics
• January 30, 2014

  Banking and Financial Statistics - January 2014

  Content Type(s): Publications, Historical: Banking and Financial Statistics
• January 30, 2014

  Research Update - January 2014

  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
• January 24, 2014

  Weekly Financial Statistics - 24 January 2014

  Content Type(s): Publications, Historical: Weekly Financial Statistics

• Technology Shocks, Labour Mobility and Aggregate Fluctuations

  Staff Working Paper 2014-4 Daniela Hauser

  We provide evidence regarding the dynamic behaviour of net labour flows across U.S. states in response to a positive technology shock. Technology shocks are identified as disturbances that increase relative state productivity in the long run for 226 state pairs, encompassing 80 per cent of labour flows across U.S. states in the 1976 - 2008 period.

  Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Labour markets JEL Code(s): E, E2, E24, E3, E32, J, J6, J61

• Search-for-Yield in Canadian Fixed-Income Mutual Funds and Monetary Policy

  Staff Working Paper 2014-3 Sermin Gungor, Jesus Sierra

  This paper investigates the effects of monetary policy on the risk-taking behavior of fixed-income mutual funds in Canada. We consider different measures of the stance of monetary policy and investigate active variation in mutual funds’ risk exposure in response to monetary policy.

  Content Type(s): Staff research, Staff working papers Topic(s): Financial institutions, Monetary policy transmission JEL Code(s): E, E5, E52, G, G2, G23

• It Hurts (Stock Prices) When Your Team Is About to Lose a Soccer Match

  Staff Working Paper 2014-2 Michael Ehrmann, David-Jan Jansen

  The end result of major sporting events has been shown to affect next-day stock returns through shifts in investor mood. By studying the soccer matches that led to the elimination of France and Italy from the 2010 FIFA World Cup, we show that mood-related pricing effects can materialize as sporting events unfold.

  Content Type(s): Staff research, Staff working papers Topic(s): Asset pricing, Financial markets JEL Code(s): G, G0, G02, G1, G12, G14, G15

• Household Risk Management and Actual Mortgage Choice in the Euro Area

  Staff Working Paper 2014-1 Michael Ehrmann, Michael Ziegelmeyer

  Mortgages constitute the largest part of household debt. An essential choice when taking out a mortgage is between fixed-interest-rate mortgages (FRMs) and adjustable-interest-rate mortgages (ARMs). However, so far, no comprehensive cross‐country study has analyzed what determines household demand for mortgage types, a task that this paper takes up using new data for the euro area.

  Content Type(s): Staff research, Staff working papers Topic(s): Credit and credit aggregates, Monetary policy transmission JEL Code(s): D, D1, D12, E, E4, E43, E5, E52, G, G2, G21
• January 22, 2014

  Release of the Monetary Policy Report

  Opening statement Stephen S. Poloz Ottawa, Ontario

  Press conference following the release of the Monetary Policy Report.

  Content Type(s): Press, Speeches and appearances, Opening statements
• January 22, 2014

  Bank of Canada maintains overnight rate target at 1 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.

  Content Type(s): Press, Press releases