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Bank of Canada RSS Feedsen2024-03-28T17:55:33+00:00Macroeconomic Stabilization Policy in Canada
https://www.bankofcanada.ca/2002/08/macroeconomic-stabilization-policy-canada/
What I propose to do on this panel today is to talk about stabilization policy and policy co-operation from the viewpoint of an industrial country that has a floating exchange rate and both an explicit inflation target for monetary policy and a clear objective for fiscal policy.2002-08-31T15:12:28+00:00Macroeconomic Stabilization Policy in Canada2002-08-31David DodgeBank of Canada releases 2003 schedule of dates for policy interest rate announcements
https://www.bankofcanada.ca/2002/08/bank-canada-releases-2003-schedule/
The Bank of Canada today released its 2003 schedule of eight dates for announcing decisions on its key policy interest rate and, at the same time, confirmed the announcement dates for the remainder of this year.2002-08-29T12:24:27+00:00enBank of Canada releases 2003 schedule of dates for policy interest rate announcements2002-08-29Monetary Policy and Uncertainty
https://www.bankofcanada.ca/wp-content/uploads/2010/06/longworth_e.pdf
Central banks must cope with considerable uncertainty about what will happen in the economy when formulating monetary policy. This article describes the different types of uncertainty that arise and looks at examples of uncertainty that the Bank has recently encountered. It then reviews the strategies employed by the Bank to deal with this problem.
The other articles in this special issue focus on three of these major strategies.2002-08-21T09:55:26+00:00enMonetary Policy and Uncertainty2002-08-21Bank of Canada Review - Summer 2002
https://www.bankofcanada.ca/2002/08/summer-2002/
Cover page
Welland Canal Note
The note, signed by Merritt as company president, measures 184 mm by 82 mm and forms part of the National Currency Collection, Bank of Canada.
Photography by James Zagon, Ottawa.2002-08-21T09:50:14+00:00enBank of Canada Review - Summer 20022002-08-21Information and Analysis for Monetary Policy: Coming to a Decision
https://www.bankofcanada.ca/wp-content/uploads/2010/06/macklem_e.pdf
This article outlines one of the Bank's key approaches to dealing with the uncertainty that surrounds decisions on monetary policy: the consideration of a wide range of information from a variety of sources. More specifically, it describes the information and analysis that the monetary policy decision-makers—the Governing Council of the Bank of Canada—receive in the two or three weeks leading up to a decision on the setting of the policy rate—the target overnight interest rate. The article also describes how the Governing Council reaches this decision.2002-08-20T09:58:46+00:00enInformation and Analysis for Monetary Policy: Coming to a Decision2002-08-20Models in Policy-Making
https://www.bankofcanada.ca/wp-content/uploads/2010/06/coletti_e.pdf
This article examines another strategy in the Bank's approach to dealing with an uncertain world: the use of carefully articulated models to produce economic forecasts and to examine the implications of the various risks to those forecasts. Economic models are deliberate simplifications of a complex world that allow economists to make predictions that are reasonably accurate and that can be easily understood and communicated. By using several models, based on competing paradigms, the Bank minimizes policy errors that could result from relying on one view of the world and one philosophy of model design. The authors review some of the models currently used at the Bank, as well as the role of judgment in the projection process.2002-08-19T10:01:05+00:00enModels in Policy-Making2002-08-19The Role of Simple Rules in the Conduct of Canadian Monetary Policy
https://www.bankofcanada.ca/wp-content/uploads/2010/06/cote_e.pdf
The third strategy employed by the Bank when dealing with uncertainty is the consideration of appropriate simple reaction functions or "rules" for the setting of the policy interest rate. Since John Taylor's presentation of his much-discussed rule, research on simple policy rules has exploded. Simple rules have several advantages. In particular, they are easy to construct and communicate and are believed by some to be robust, in the sense of generating good results in a variety of economic models.
This article provides an overview of the recent research regarding the usefulness and robustness of simple monetary policy rules, particularly in models of the Canadian economy. It also describes and explains the role of simple rules in the conduct of monetary policy in Canada.2002-08-18T10:03:44+00:00enThe Role of Simple Rules in the Conduct of Canadian Monetary Policy2002-08-18Operational Enhancements to Government of Canada Debt Programs
https://www.bankofcanada.ca/2002/08/operational-enhancements-government-canada-debt/
The government conducts regular consultations with market participants to support its strategic objectives of raising stable, low-cost funding and maintaining a well-functioning market for Government of Canada securities.2002-08-15T15:30:41+00:00enOperational Enhancements to Government of Canada Debt Programs2002-08-15Operational Enhancements to Government Debt Programs
https://www.bankofcanada.ca/2002/08/operational-enhancements-to-government-debt-programs/
The Government of Canada plans to open a new benchmark issue at the next 10-year auction.2002-08-15T13:29:47+00:00enOperational Enhancements to Government Debt Programs2002-08-15The Usefulness of Consumer Confidence Indexes in the United States
https://www.bankofcanada.ca/2002/08/working-paper-2002-22/
This paper assesses the usefulness of consumer confidence indexes in forecasting aggregate consumer spending in the United States.2002-08-01T16:55:27+00:00enThe Usefulness of Consumer Confidence Indexes in the United States2002-08-01Domestic demand and componentsEconomic modelsInternational topicsWorking Paper 2002-22 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp02-22.pdfThe Usefulness of Consumer Confidence Indexes in the United StatesBrigitte DesrochesMarc-André GosselinAugust 2002DD1D12EE2E21E27