Donald Coletti - Bank Publications - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T01:14:58+00:00A Blueprint for the Fourth Generation of Bank of Canada Projection and Policy Analysis Models
https://www.bankofcanada.ca/2023/10/staff-discussion-paper-2023-23/
The fourth generation of Bank of Canada projection and policy analysis models seeks to improve our understanding of inflation dynamics, the supply side of the economy and the underlying risks faced by policy-makers coming from uncertainty about how the economy functions.2023-10-12T14:56:09+00:00enA Blueprint for the Fourth Generation of Bank of Canada Projection and Policy Analysis Models2023-10-12Economic modelsInflation and pricesLabour marketsMonetary policy and uncertaintyStaff Discussion Paper 2023-23https://www.bankofcanada.ca/wp-content/uploads/2023/10/sdp2023-23.pdfA Blueprint for the Fourth Generation of Bank of Canada Projection and Policy Analysis ModelsDonald ColettiOctober 2023CC5C50C51C52C53C54C55Keeping the financial system healthy
https://www.bankofcanada.ca/2018/10/keeping-the-financial-system-healthy/
We are all better off if the financial system can weather a storm or two. And every one of us plays a role in keeping it that way.2018-10-16T09:00:32+00:00enKeeping the financial system healthy2018-10-16Welcome to The Economy, Plain and Simple
https://www.bankofcanada.ca/2018/09/welcome-to-the-economy-plain-and-simple/
The economy starts with you.2018-09-28T10:00:02+00:00enWelcome to The Economy, Plain and Simple2018-09-28The Rise of Mortgage Finance Companies in Canada: Benefits and Vulnerabilities
https://www.bankofcanada.ca/wp-content/uploads/2016/12/fsr-december-2016-coletti.pdf
The Rise of Mortgage Finance Companies in Canada: Benefits and Vulnerabilities, by Don Coletti, Marc-André Gosselin and Cameron MacDonald, examines the increased importance of mortgage finance companies (MFCs) in the Canadian mortgage market. The authors discuss the MFC business model, highlighting MFCs’ relationship with mortgage brokers and banks, as well as the benefits they bring to Canadian borrowers. The authors conclude with a discussion of the impact of MFCs on financial system vulnerabilities.2016-12-15T10:30:44+00:00enThe Rise of Mortgage Finance Companies in Canada: Benefits and Vulnerabilities2016-12-15Commodities and Monetary Policy: Implications for Inflation and Price Level Targeting
https://www.bankofcanada.ca/2012/06/working-paper-2012-16/
We examine the relative ability of simple inflation targeting (IT) and price level targeting (PLT) monetary policy rules to minimize both inflation variability and business cycle fluctuations in Canada for shocks that have important consequences for global commodity prices.2012-06-14T09:51:31+00:00enCommodities and Monetary Policy: Implications for Inflation and Price Level Targeting2012-06-14Economic modelsInflation and pricesInternational topicsMonetary policy frameworkWorking Paper 2012-16https://www.bankofcanada.ca/wp-content/uploads/2012/06/wp2012-16.pdfCommodities and Monetary Policy: Implications for Inflation and Price Level TargetingDonald ColettiRené LalondePaul MassonDirk MuirStephen SnuddenJune 2012EE1E17E3E31E37E5E52FF4F41QQ4Q43What Drives Exchange Rates? New Evidence from a Panel of U.S. Dollar Bilateral Exchange Rates
https://www.bankofcanada.ca/2010/02/working-paper-2010-5/
We use a novel approach to identify economic developments that drive exchange rates in the long run. Using a panel of six quarterly U.S. bilateral real exchange rates – Australia, Canada, the euro, Japan, New Zealand and the United Kingdom – over the 1980-2007 period, a dynamic factor model points to two common factors.2010-02-20T10:01:15+00:00enWhat Drives Exchange Rates? New Evidence from a Panel of U.S. Dollar Bilateral Exchange Rates2010-02-20Econometric and statistical methodsExchange ratesWorking Paper 2010-5https://www.bankofcanada.ca/wp-content/uploads/2010/05/wp10-5.pdfWhat Drives Exchange Rates? New Evidence from a Panel of U.S. Dollar Bilateral Exchange RatesJean-Philippe CayenDonald ColettiRené LalondePhilipp MaierFebruary 2010JJ3J31Next Steps for Canadian Monetary Policy
https://www.bankofcanada.ca/wp-content/uploads/2010/06/amano.pdf
In 2006, the Bank initiated a research program exploring two alternatives to the current inflation-targeting framework: (i) lowering the inflation target and (ii) shifting to a price-level target. This article discusses progress to date, places the Bank's findings in the context of a broader literature, and identifies avenues for future research.2009-04-09T14:23:10+00:00enNext Steps for Canadian Monetary Policy2009-04-09Bank of Canada Participation in the 2007 FSAP Macro Stress-Testing Exercise
https://www.bankofcanada.ca/wp-content/uploads/2012/01/fsr-0608-coletti.pdf
2008-06-21T16:43:11+00:00enBank of Canada Participation in the 2007 FSAP Macro Stress-Testing Exercise2008-06-21Inflation Targeting and Price-Level-Path Targeting in the GEM: Some Open Economy Considerations
https://www.bankofcanada.ca/2008/03/working-paper-2008-6/
This paper compares the performance of simple inflation targeting (IT) and price-level path targeting (PLPT) rules to stabilize the macroeconomy, in response to a series of shocks, similar to those seen in Canada and the United States over the 1983 to 2004 period.2008-03-03T11:37:22+00:00enInflation Targeting and Price-Level-Path Targeting in the GEM: Some Open Economy Considerations2008-03-03Economic modelsInflation and pricesInflation: costs and benefitsMonetary policy frameworkWorking Paper 2008-6 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp08-06.pdfInflation Targeting and Price-Level-Path Targeting in the GEM: Some Open Economy ConsiderationsDonald ColettiRené LalondeDirk MuirMarch 2008CC5C51C52EE1E17E3E31E5E52Inflation Targeting, Price-Level Targeting, and Fluctuations in Canada's Terms of Trade
https://www.bankofcanada.ca/wp-content/uploads/2010/06/coletti.pdf
Coletti and Lalonde compare inflation targeting and price-level targeting in the context of a small open economy subject to sizable terms-of-trade shocks. The authors summarize recent research that compares the ability of price-level targeting and inflation targeting to stabilize the macroeconomy when confronted with shocks similar to those experienced by Canada in recent years. Their preliminary results suggest that price-level targeting may represent a feasible alternative to traditional inflation targeting. Their article also provides insight into the direction of current research in this area at the Bank.2007-12-10T15:33:24+00:00enInflation Targeting, Price-Level Targeting, and Fluctuations in Canada's Terms of Trade2007-12-10