Research - Bank of Canada
https://www.bankofcanada.ca/rss-feeds/
Bank of Canada RSS Feedsen2024-03-29T15:53:33+00:00The Zero Bound on Nominal Interest Rates: How Important Is It?
https://www.bankofcanada.ca/2001/04/working-paper-2001-6/
This paper surveys the literature on the zero bound on the nominal interest rate. It addresses questions ranging from the conditions under which the zero bound on the nominal interest rate might occur to policy options to avoid or use to exit from such a situation. We discuss literature that examines historical and country evidence, and literature that uses models to generate evidence on this question.2001-04-01T14:44:59+00:00enThe Zero Bound on Nominal Interest Rates: How Important Is It?2001-04-01CredibilityInflation targetsMonetary policy transmissionWorking Paper 2001-6 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp01-6.pdfThe Zero Bound on Nominal Interest Rates: How Important Is It?David AmiraultBrian O'ReillyApril 2001EE3E31E5E52E58E6E61Reactions of Canadian Interest Rates to Macroeconomic Announcements: Implications for Monetary Policy Transparency
https://www.bankofcanada.ca/2001/04/working-paper-2001-5/
In this study we statistically quantify the reactions of Canadian and U.S. interest rates to macroeconomic announcements released in Canada and in the United States. We find that Canadian interest rates react very little to Canadian macroeconomic news and are significantly affected by U.S. macroeconomic news, which indicates that international influences on the Canadian fixed-income markets are important.2001-04-01T14:24:39+00:00enReactions of Canadian Interest Rates to Macroeconomic Announcements: Implications for Monetary Policy Transparency2001-04-01Financial marketsInterest ratesMonetary policy implementationWorking Paper 2001-5 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp01-5.pdfReactions of Canadian Interest Rates to Macroeconomic Announcements: Implications for Monetary Policy TransparencyToni GravelleRichhild MoessnerApril 2001EE0E4E5On the Nature and the Stability of the Canadian Phillips Curve
https://www.bankofcanada.ca/2001/04/working-paper-2001-4/
This paper empirically determines why, during the 1990s, inflation in Canada was consistently more stable than predicted by the fixed-coefficients Phillips curve. A time-varying-coefficient model, where all the parameters adjust simultaneously, shows that the behaviour of expectations was probably a major contributing factor.2001-04-01T12:35:06+00:00enOn the Nature and the Stability of the Canadian Phillips Curve2001-04-01Business fluctuations and cyclesEconometric and statistical methodsInflation and pricesWorking Paper 2001-4 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp01-4.pdfOn the Nature and the Stability of the Canadian Phillips CurveMaral KichianApril 2001EE3E37