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Changing Labour Market Participation Since the Great Recession: A Regional Perspective

Cheung, Calista; Granovsky, Dmitry; Velasco, Gabriella - Bank of Canada - 2015

This paper discusses broad trends in labour force participation and part-time employment across different age groups since the Great Recession and uses provincial data to identify changes related to population aging, cyclical effects and other factors. The main population age groups examined are...

Persistent link: https://www.econbiz.de/10011253081

Asking About Wages: Results from the Bank of Canada’s Wage Setting Survey of Canadian Companies

Amirault, David; Fenton, Paul; Laflèche, Thérèse - Bank of Canada - 2013

The Bank of Canada conducted a Wage Setting Survey with a sample of 200 private sector firms from mid-October 2007 to May 2008. Results indicate that wage adjustments for the Canadian non-union private workforce are overwhelmingly time dependent, with a fixed duration of one year, and are...

Persistent link: https://www.econbiz.de/10010607326

Relative Price Movements and Labour Productivity in Canada: A VAR Analysis

Dolega, Michael; Dupuis, David; Pichette, Lise - Bank of Canada - 2010

In recent years, the Canadian economy has been affected by strong movements in relative prices brought about by the surging costs of energy and non-energy commodities, with significant implications for the terms of trade, the exchange rate, and the allocation of resources across Canadian sectors...

Persistent link: https://www.econbiz.de/10008516206

Household Debt, Assets, and Income in Canada: A Microdata Study

Meh, Césaire A.; Terajima, Yaz; Chen, David Xiao; … - Bank of Canada - 2009

The authors use microdata from the 1999 and 2005 Surveys of Financial Security to identify changes in household debt, and discuss their potential implications for monetary policy and financial stability. They document an increase in the debt-income ratio, which rose from 0.75 to 0.95, on...

Persistent link: https://www.econbiz.de/10005004435

A Financial Conditions Index for the United States

Beaton, Kimberly; Lalonde, René; Luu, Corinne - Bank of Canada - 2009

The financial crisis of 2007-09 has highlighted the importance of developments in financial conditions for real economic activity. The authors estimate the effect of current and past shocks to financial variables on U.S. GDP growth by constructing two growthbased financial conditions indexes...

Persistent link: https://www.econbiz.de/10005017308

The Macroeconomic Implications of Changes in Bank Capital and Liquidity Requirements in Canada: Insights from the BoC-GEM-FIN

Resende, Carlos de; Dib, Ali; Perevalov, Nikita - Bank of Canada - 2010

The authors use simulations within the BoC-GEM-FIN, the Bank of Canada’s version of the Global Economy Model with financial frictions in both the demand and supply sides of the credit market, to investigate the macroeconomic implications of changing bank regulations on the Canadian economy....

Persistent link: https://www.econbiz.de/10009323067

Financial Frictions, Financial Shocks and Labour Market Fluctuations in Canada

Zhang, Yahong - Bank of Canada - 2011

What are the effects of financial market imperfections on unemployment and vacancies in Canada? The author estimates … vacancies observed in the data. She also finds that financial shocks are one of the main sources of fluctuations in the Canadian … labour market. Overall, financial shocks contribute about 30 per cent of the fluctuations in unemployment and vacancies for …

Persistent link: https://www.econbiz.de/10009395394

Inventories, Stockouts, and ToTEM

Kryvtsov, Oleksiy; Zhang, Yang - Bank of Canada - 2010

Inventory investment is an important component of the Canadian business cycle. Despite its small average size – less than 1 per cent of output -- it exhibits volatile procyclical fluctuations, accounting for almost one-third of output variance. Procyclicality of inventories is somewhat smaller...

Persistent link: https://www.econbiz.de/10008539769

Price-Level Targeting and Stabilization Policy: A Review

Ambler, Steve - Bank of Canada - 2007

The author surveys recent articles on the costs and benefits of price-level targeting versus inflation targeting, focusing on the benefits and costs of price-level targeting as a tool for stabilization policy. He reviews papers that examine how price-level targeting affects the short-run...

Persistent link: https://www.econbiz.de/10005162379

Financial Spillovers Across Countries: The Case of Canada and the United States

Beaton, Kimberly; Desroches, Brigitte - Bank of Canada - 2011

The authors investigate financial spillovers across countries with an emphasis on the effect of shocks to financial conditions in the United States on financial conditions and economic activity in Canada. These questions are addressed within a global vector autoregression model. The framework...

Persistent link: https://www.econbiz.de/10008800990