Alex Chernoff

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Toward 2021

Reviewing the Monetary Policy Framework.

Canada’s Vertical $10 Note

Explore and share the $10 polymer bank note featuring Viola Desmond, which begins circulating in late 2018.

Upcoming changes to legal tender status for older bank notes

Find out what removing legal tender status means and which bank notes are affected.

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Monetary Policy Report – April 2018

The Bank’s new forecast calls for economic growth of 2.0 percent this year, 2.1 per cent in 2019 and 1.8 per cent in 2020.

Digital Currencies and Fintech

Understanding digital currencies and related financial technologies is an important part of our research agenda.

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Yellowknife Chamber of Commerce - Speech (Webcasts)

Canada’s Economy and Household Debt: How Big Is the Problem? - Stephen S. Poloz, the Governor of the Bank of Canada, speaks to the Yellowknife Chamber of Commerce. (12:45 (Mountain Time), 14:45 (Eastern Time) approx.)

Banking and Financial Statistics

A compilation of banking and financial indicators, including the Bank of Canada’s assets and liabilities, credit and monetary aggregates, chartered banks data and selected financial market statistics.

Latest

Housing Price Network Effects from Public Transit Investment: Evidence from Vancouver

Staff Working Paper 2018-18 Alex Chernoff, Andrea Craig

In this paper, we estimate the effect on housing prices of the expansion of the Vancouver SkyTrain rapid transit network during the period 2001–11. We extend the canonical residential sorting equilibrium framework to include commuting time in the household utility function.

Content Type(s): Staff Research, Staff Working Papers Topic(s): Asset Pricing, Economic models, Housing JEL Code(s): H, H4, H41, R, R2, R21, R4, R41

Firm Heterogeneity, Technological Adoption, and Urbanization: Theory and Measurement

Staff Working Paper 2017-27 Alex Chernoff

This paper develops a model of firm heterogeneity, technological adoption, and urbanization. In the model, welfare is measured by household real income, and urbanization is measured by population density. I use the model to derive statistics that measure the effect of a new technology on productivity, welfare, and urbanization.

Content Type(s): Staff Research, Staff Working Papers Topic(s): Economic models, Productivity, Regional economic developments JEL Code(s): N, N6, N61, O, O1, O14, R, R1, R13

Other

“Between a Cap and a Higher Price: Modeling the Price of Dairy Quotas under Price Ceiling Legislation”, Canadian Journal of Economics, 48(4), (November 2015): 1403-1429

Education

Ph.D., Queen's University

Research Interests

Applied Econometrics
Applied Microeconomics
International Trade
Economic History
Agricultural Economics
Urban Economics

Corporate Governance

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Alex Chernoff

Senior Economist

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