Posts - Bank of Canada
https://www.bankofcanada.ca/rss-feeds/
Bank of Canada RSS Feedsen2024-03-29T06:16:54+00:00Monetary Policy Report – May 1996
https://www.bankofcanada.ca/1996/05/may-1996/
This Report presents the Bank of Canada’s assessment of the trend of inflation in Canada and explains the monetary policy actions deemed necessary to keep inflation within the Bank’s inflation-control target range.1996-05-20T10:27:15+00:00enMonetary Policy Report – May 19961996-05-20The Transmission of Monetary Policy
https://www.bankofcanada.ca/1996/05/research-paper-1996/
Text of major 1995 lecture by Bank Governor Gordon Thiessen, plus articles from Bank of Canada Review and other sources1996-05-17T13:33:15+00:00enThe Transmission of Monetary Policy1996-05-17Recent developments in monetary aggregates and their implications
https://www.bankofcanada.ca/wp-content/uploads/2010/06/r962a.pdf
In 1995, the broad aggregate M2+ grew at an annual rate of 4.5 per cent—almost twice the rate recorded in 1994—as competition from mutual funds drew less money from personal savings deposits. An adjusted M2+ aggregate, which internalizes the effect of close substitutes such as CSBs and certain mutual funds, grew by only 3.4 per cent. Gross M1 grew by 8.2 per cent during the year, reflecting an increased demand for transactions balances as market interest rates declined and as banks offered more attractive rates of interest on corporate current account balances.
The robust growth of gross M1 in the second half of 1995 suggests a moderate expansion of economic activity in the first half of 1996, while moderate growth in the broad aggregates indicates a rate of monetary expansion consistent with continued low inflation. In this annual review of the monetary aggregates, the authors also introduce a new model, based on calculated deviations of M1 from its long-run demand, which suggests that inflation should remain just below the midpoint of the inflation-control target range over the next couple of years.1996-05-11T08:30:22+00:00enRecent developments in monetary aggregates and their implications1996-05-11Bank of Canada Review - Spring 1996
https://www.bankofcanada.ca/1996/05/spring-1996/
Cover page
Danzig: 20-gulden note, 1932
This note is part of the National Currency Collection, Bank of Canada.
Photography by James Zagon.1996-05-11T08:25:42+00:00enBank of Canada Review - Spring 19961996-05-11Financing activities of provincial governments and their enterprises
https://www.bankofcanada.ca/wp-content/uploads/2010/06/r962b.pdf
This article examines the changes that have occurred in the composition of funds raised by provincial borrowers during the 1990s.
Higher financing requirements, coupled with the declining availability of funds from non-market sources such as the Canada Pension Plan, led provincial governments and their Crown corporations to broaden and to diversify their debt management programs.
In particular, provincial borrowers expanded their presence in foreign bond markets, increased their issuance of floating-rate debt, and incorporated a wide variety of innovative debt instruments into their borrowing programs in order to minimize their borrowing costs and to manage the risks associated with the issuing of debt. As a result, the composition of funds raised by provincial borrowers during the 1990s differed markedly from that of the previous decade: between 1990 and 1995, provincial borrowing requirements were met almost entirely through the issuance of marketable debt, and net new foreign currency debt issues averaged nearly 50 per cent of funds raised, whereas between 1980 and 1989, non-market sources provided close to 30 per cent of funds raised, and net new foreign currency debt issues provided less than 20 per cent.1996-05-10T08:34:44+00:00enFinancing activities of provincial governments and their enterprises1996-05-10The role of inventory management in Canadian economic fluctuations
https://www.bankofcanada.ca/wp-content/uploads/2010/06/r962c.pdf
Swings in inventory investment have traditionally played a major role in Canadian business cycles. However, advances in inventory-control techniques and the reduced uncertainty associated with lower inflation have enabled firms to manage their inventories much more tightly and effectively.
This article examines recent developments in the management of non-farm business inventories in Canada at both the aggregate and the sectoral level and looks at implications for the role of inventories as a source of economic fluctuation.1996-05-09T08:38:08+00:00enThe role of inventory management in Canadian economic fluctuations1996-05-09An Econometric Examination of the Trend Unemployment Rate in Canada
https://www.bankofcanada.ca/1996/05/working-paper-1996-7/
This paper attempts to identify the trend unemployment rate, an empirical concept, using cointegration theory. The authors examine whether there is a cointegrating relationship between the observed unemployment rate and various structural factors, focussing neither on the non-accelerating-inflation rate of unemployment (NAIRU) nor on the natural rate of unemployment, but rather on the trend unemployment rate, which they define in terms of cointegration.1996-05-01T15:34:55+00:00enAn Econometric Examination of the Trend Unemployment Rate in Canada1996-05-01Labour marketsWorking Paper 1996-7 https://www.bankofcanada.ca/wp-content/uploads/2010/05/wp96-7.pdfAn Econometric Examination of the Trend Unemployment Rate in CanadaDenise CôtéDoug HostlandMay 1996EE2E24The Bank of Canada's New Quarterly Projection Model, Part 3. The Dynamic Model: QPM
https://www.bankofcanada.ca/1996/05/technical-report-no75/
The Bank of Canada's new Quarterly Projection Model, QPM, combines the short-term dynamic properties necessary to support regular economic projections with the consistent behavioural structure necessary for policy analysis.1996-05-01T13:52:27+00:00enThe Bank of Canada's New Quarterly Projection Model, Part 3. The Dynamic Model: QPM1996-05-01Economic modelsTechnical Report 75 https://www.bankofcanada.ca/wp-content/uploads/2010/01/tr75.pdfThe Dynamic Model: QPM, The Bank of Canada's New Quarterly Projection Model, Part 3Donald ColettiBenjamin HuntDavid RoseRobert TetlowMay 1996CC5C53EE1E17