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Bank of Canada RSS Feedsen2024-03-28T17:06:11+00:00Adjusting to Economic Change
https://www.bankofcanada.ca/2007/02/adjusting-economic-change/
The past five years have indeed been a period of great and relatively rapid economic change, both here in Saskatchewan and across the country. In my remarks today, I'd like to describe this change and discuss its significance to our economic well-being.2007-02-22T16:16:43+00:00Adjusting to Economic Change2007-02-22Sheryl KennedyStanding Senate Committee on National Finance
https://www.bankofcanada.ca/2007/02/standing-senate-committee-national-finance/
The preamble of this bill addresses some very important issues: the need for Canadians to trust in the management of the public purse, and the importance of openness and accountability. I can assure you that the Bank of Canada takes these issues very seriously.2007-02-20T16:12:20+00:00Standing Senate Committee on National Finance2007-02-20Paul JenkinsTemporary measures to reinforce the target for the overnight rate
https://www.bankofcanada.ca/2007/02/temporary-measures-reinforce-target/
On 9 March 2006, the Bank of Canada announced temporary measures to reinforce its target for the overnight rate. Specifically, the Bank announced that it would reduce the target for settlement balances to zero and, on a temporary basis, no longer commit to neutralizing all of the Sale and Repurchase Agreements (SRAs) conducted.2007-02-15T00:00:39+00:00enTemporary measures to reinforce the target for the overnight rate2007-02-15Optimization in a Simulation Setting: Use of Function Approximation in Debt Strategy Analysis
https://www.bankofcanada.ca/2007/02/working-paper-2007-13/
The stochastic simulation model suggested by Bolder (2003) for the analysis of the federal government's debt-management strategy provides a wide variety of useful information. It does not, however, assist in determining an optimal debt-management strategy for the government in its current form.2007-02-13T12:52:37+00:00enOptimization in a Simulation Setting: Use of Function Approximation in Debt Strategy Analysis2007-02-13Debt managementEconometric and statistical methodsFinancial marketsFiscal policyWorking Paper 2007-13 https://www.bankofcanada.ca/wp-content/uploads/2010/03/wp07-13.pdfOptimization in a Simulation Setting: Use of Function Approximation in Debt Strategy AnalysisDavid BolderTiago RubinFebruary 2007CC0C1C14C15C5C51C52C6C61C65EE6GG1HH6H63Schooling, Inequality and Government Policy
https://www.bankofcanada.ca/2007/02/working-paper-2007-12/
This paper asks: What is the effect of government policy on output and inequality in an environment with education and labor-supply decisions? The answer is given in a general equilibrium model, consistent with the post 1960s facts on male wage inequality and labor supply in the U.S. In the model, education and labor-supply decisions depend on progressive income taxation, the education system, the social security system, and technology-driven wage differentials.2007-02-12T12:38:32+00:00enSchooling, Inequality and Government Policy2007-02-12Labour marketsPotential outputProductivityWorking Paper 2007-12 https://www.bankofcanada.ca/wp-content/uploads/2010/03/wp07-12.pdfSchooling, Inequality and Government PolicyOleksiy KryvtsovAlexander UeberfeldtFebruary 2007HH5H52JJ3J31J38Uncollateralized Overnight Loans Settled in LVTS
https://www.bankofcanada.ca/2007/02/working-paper-2007-11/
Loan-level data on the uncollateralized overnight loan market is generated using payment data from Canada's Large Value Transfer System (LVTS) and a modified version of the methodology proposed in Furfine (1999). There were on average just under 100 loans extended in this market each day from March 2004 to March 2006 for a total daily value of about $5 billion.2007-02-11T12:24:35+00:00enUncollateralized Overnight Loans Settled in LVTS2007-02-11Financial marketsInterest ratesWorking Paper 2007-11 https://www.bankofcanada.ca/wp-content/uploads/2010/03/wp07-11.pdfUncollateralized Overnight Loans Settled in LVTSScott HendryNadja KamhiFebruary 2007EE4E44E5E50GG1G12Do We Need the IMF to Resolve a Crisis? Lessons from Past Episodes of Debt Restructuring
https://www.bankofcanada.ca/2007/02/working-paper-2007-10/
This study investigate how debt restructurings have evolved over the decades. Debtors and creditors have a long history of engaging an outsider – a “third party”, such as the IMF – to organise and facilitate debt restructurings.2007-02-10T11:56:21+00:00enDo We Need the IMF to Resolve a Crisis? Lessons from Past Episodes of Debt Restructuring2007-02-10Financial stabilityInternational topicsWorking Paper 2007-10 https://www.bankofcanada.ca/wp-content/uploads/2010/03/wp07-10.pdfDo We Need the IMF to Resolve a Crisis? Lessons from Past Episodes of Debt RestructuringPhilipp MaierFebruary 2007EE5FF3NN1N2Best Instruments for Market Discipline in Banking
https://www.bankofcanada.ca/2007/02/working-paper-2007-9/
The author develops a dynamic model of banking competition to determine which capital instrument is most effective in disciplining banks' risk choice. Comparisons are conducted between equity, subordinated debentures (SD), and uninsured deposits (UD) as funding sources.2007-02-09T11:19:52+00:00enBest Instruments for Market Discipline in Banking2007-02-09Financial institutionsWorking Paper 2007-9 https://www.bankofcanada.ca/wp-content/uploads/2010/03/wp07-9.pdfBest Instruments for Market Discipline in BankingGreg CaldwellFebruary 2007GG2G21G28Evaluating Forecasts from Factor Models for Canadian GDP Growth and Core Inflation
https://www.bankofcanada.ca/2007/02/working-paper-2007-8/
This paper evaluates the performance of static and dynamic factor models for forecasting Canadian real output growth and core inflation on a quarterly basis. We extract the common component from a large number of macroeconomic indicators, and use the estimates to compute out-of-sample forecasts under a recursive and a rolling scheme with different window sizes.2007-02-08T11:00:53+00:00enEvaluating Forecasts from Factor Models for Canadian GDP Growth and Core Inflation2007-02-08Econometric and statistical methodsWorking Paper 2007-8 https://www.bankofcanada.ca/wp-content/uploads/2010/03/wp07-8.pdfEvaluating Forecasts from Factor Models for Canadian GDP Growth and Core InflationFrédérick DemersCalista CheungFebruary 2007CC3C32EE3E37Technology Shocks and Business Cycles: The Role of Processing Stages and Nominal Rigidities
https://www.bankofcanada.ca/2007/02/working-paper-2007-7/
This paper develops and estimates a dynamic general equilibrium model that realistically accounts for an input-output linkage between firms operating at different stages of processing. Firms face technological change which is specific to their processing stage and charge new prices according to stage-specific Calvo-probabilities.2007-02-07T14:39:06+00:00enTechnology Shocks and Business Cycles: The Role of Processing Stages and Nominal Rigidities2007-02-07Business fluctuations and cyclesEconomic modelsWorking Paper 2007-7 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp07-7.pdfTechnology Shocks and Business Cycles: The Role of Processing Stages and Nominal RigiditiesLouis PhaneufNooman RebeiFebruary 2007EE3E32