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Restructuring in the Canadian Economy: A Survey of Firms

Kwan, Carolyn C. - Bank of Canada - 2002

Persistent link: https://www.econbiz.de/10005808291

Employment Effects of Restructuring in the Public Sector in North America

Fenton, Paul; Ip, Irene; Wright, Geoff - Bank of Canada - 2001

than in the United States during the 1990s. Changes in public sector employment are used to investigate this question. The … pressures that led up to the restructuring are explored and the resulting changes in employment are documented. A standardized … definition of the public sector is proposed that allows for a consistent comparison of changes in employment in Canada with those …

Persistent link: https://www.econbiz.de/10005808292

Schooling, Inequality and Government Policy

Kryvtsov, Oleksiy; Ueberfeldt, Alexander - Bank of Canada - 2007

This paper asks: What is the effect of government policy on output and inequality in an environment with education and labor-supply decisions? The answer is given in a general equilibrium model, consistent with the post 1960s facts on male wage inequality and labor supply in the U.S. In the...

Persistent link: https://www.econbiz.de/10005808302

How Rigid Are Nominal-Wage Rates?

Crawford, Allan - Bank of Canada - 2001

This study examines the effect of nominal-wage rigidities on wage growth in Canada using a hazard model and micro data for union contracts. The hazard model is specified in a way that allows considerable flexibility in the shape of the estimated notional wage-change distribution. This notional...

Persistent link: https://www.econbiz.de/10005808314

Public Venture Capital and Entrepreneurship

Secrieru, Oana; Vigneault, Marianne - Bank of Canada - 2004

Entrepreneurship is a key factor in promoting growth in output and employment. Consequently, to encourage new start …

Persistent link: https://www.econbiz.de/10005808330

Learning-by-Doing or Habit Formation?

Bouakez, Hafedh; Kano, Takashi - Bank of Canada - 2005

In a recent paper, Chang, Gomes, and Schorfheide (2002) extend the standard real business cycle (RBC) model to allow for a learning-by-doing (LBD) mechanism whereby current labour supply affects future productivity. They show that this feature magnifies the propagation of shocks and improves the...

Persistent link: https://www.econbiz.de/10005808331

Does Financial Integration Increase Welfare? Evidence from International Household-Level Data

Friedrich, Christian - Bank of Canada - 2015

Despite a vast empirical literature that assesses the impact of financial integration on the economy, evidence of substantial welfare gains from consumption risk sharing remains elusive. While maintaining the usual cross-country perspective of the literature, this paper explicitly accounts for...

Persistent link: https://www.econbiz.de/10011152374

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 …, weak business conditions appear to be the main driver behind the shift toward part-time employment since the Great …

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

Measuring Potential Output at the Bank of Canada: The Extended Multivariate Filter and the Integrated Framework

Pichette, Lise; St-Amant, Pierre; Tomlin, Ben; Anoma, Karine - Bank of Canada - 2015

Estimating potential output and the output gap - the difference between actual output and its potential - is important for the proper conduct of monetary policy. However, the measurement and interpretation of potential output, and hence the output gap, is fraught with uncertainty, since it is...

Persistent link: https://www.econbiz.de/10011253083

Financial Factors and Labour Market Fluctuations

Zhang, Yahong - Bank of Canada - 2011

What are the effects of financial market imperfections on unemployment and vacancies? Since standard DSGE models do not typically model unemployment, they abstract from this issue. In this paper I augment a standard monetary DSGE model with explicit financial and labour market frictions and...

Persistent link: https://www.econbiz.de/10009003766