High-quality, innovative research underpins everything we do. Find out about the Bank’s current research priorities, explore the broad range of staff research that our people have the intellectual freedom to pursue, and learn about the ways in which the Bank supports and collaborates with the external research community. You can also browse our research and subscribe to our monthly research newsletter and latest research feed.
Research Priorities
Guided by the Bank’s medium-term plan and shaped by the policy environment, the Bank dedicates significant effort and resources to a range of annual and multi-year research priorities.
The Bank’s Medium‐term Research Plan, 2019–21
Increasing the relevance and visibility of Bank research
Digital Currencies and Fintech
Understanding digital currencies and related financial technologies is an important part of our research agenda.
Toward 2021
Reviewing the Monetary Policy Framework.
Staff Research
Staff research is produced independently from the Bank’s Governing Council. This research may support or challenge prevailing policy orthodoxy or differ from official Bank views. Therefore, views expressed are solely those of the authors, and no responsibility for them should be attributed to the Bank.
Staff Analytical Notes
Staff Analytical Notes are short articles that focus on topical issues relevant to the current economic and financial context.
Author List
Listing of current and past authors of Bank research papers, articles and other publications, 1994 to present.
Staff Working Papers
Staff Working Papers provide a forum for staff to publish work-in-progress research intended for journal publication.
Our People
Profiles of the Bank’s economic research staff, featuring sections on their publications, education, and research interests.
Staff Discussion Papers
Staff Discussion Papers are completed staff research studies on a wide variety of subjects relevant to central bank policy.
Research Newsletter
Subscribe to our monthly newsletter summarizing internal and external publication contributions by Bank of Canada researchers.
Collaboration
Financial System Research Centre
The FSRC promotes financial system research in Canada to inform policy and improve the economic and financial well-being of Canadians.
Visiting Scholar Program
Information on the Bank of Canada’s collaborative research program for outstanding scholars
Conferences, Seminars and Workshops
Papers and proceedings from Bank of Canada conferences, seminars, and workshops
Partnerships in Innovation and Technology (PIVOT) Program
We’re looking for innovators to help us respond to challenges that may not have a commercial solution readily available.
Awards
Research Paper Awards
At the Bank of Canada, we’re pleased to offer awards for research papers by students and by staff.
Scholarship Awards
The Bank of Canada’s Scholarship and Work Placement program is designed to assist students with disabilities and Indigenous students in furthering their education and to encourage them to take an interest in the work performed by the Bank of Canada.
Fellowship Program
Learn more about a program to foster excellence in research in Canada and develop partnerships with experts outside the Bank of Canada in areas important to the Bank’s mandate.
The Governor's Challenge
The Governor’s Challenge simulates the monetary policy decision-making process by putting students in the role of advisor to the Bank’s Governing Council.
Latest Research
How Should Unemployment Insurance Vary over the Business Cycle?
Staff Working Paper 2020-47
Serdar Birinci,
Kurt See
Should unemployment benefits be more generous during economic downturns? The optimal amount and duration of benefit payments ultimately depend on the demographic and wealth characteristics of benefit recipients.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Business fluctuations and cycles,
Fiscal policy,
Labour markets
JEL Code(s):
E,
E2,
E24,
E3,
E32,
J,
J6,
J64,
J65
Earnings Dynamics and Intergenerational Transmission of Skill
Staff Working Paper 2020-46
Lance Lochner,
Youngmin Park
How are your past, current and future earnings related to those of your parents? We explore this by using 37 years of Canadian tax data on two generations.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Econometric and statistical methods,
Labour markets,
Potential output,
Productivity
JEL Code(s):
C,
C3,
C33,
J,
J2,
J24,
J6,
J62
Understanding Trend Inflation Through the Lens of the Goods and Services Sectors
Staff Working Paper 2020-45
Yunjong Eo,
Luis Uzeda,
Benjamin Wong
The goods and services sectors have experienced considerably different dynamics over the past three decades. Our goal in this paper is to understand how such contrasting behaviors at the sectoral level affect the aggregate level of trend inflation dynamics.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Econometric and statistical methods,
Inflation and prices,
Monetary policy transmission
JEL Code(s):
C,
C1,
C11,
C3,
C32,
E,
E3,
E31,
E5,
E52
Corporate investment and monetary policy transmission in Canada
Staff Analytical Note 2020-26
Min Jae Kim,
Jonathan Witmer
Unexpected changes in interest rates lead small firms to materially change their investment rate. Large firms, in contrast, show a smaller response. This suggests both that financial conditions are an important channel for transmitting monetary policy and that firm characteristics can help us better understand fluctuations in business investment.
Content Type(s):
Staff research,
Staff analytical notes
Topic(s):
Firm dynamics,
Monetary policy,
Monetary policy transmission
JEL Code(s):
D,
D2,
D22,
D9,
D92,
G,
G3,
G31,
G32