Monetary policy implementation - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T15:05:28+00:00The Zero Bound on Nominal Interest Rates: Implications for Monetary Policy
https://www.bankofcanada.ca/wp-content/uploads/2010/06/murchison.pdf
One of the most important factors that must be considered if countries are thinking about lowering the target level of inflation much below 2 per cent is the zero interest bound. Targeting inflation rates that are too low, the authors note, may restrict the ability of monetary policy to respond to economic shocks by limiting the amount by which interest rates can be eased.2007-12-11T15:13:19+00:00enThe Zero Bound on Nominal Interest Rates: Implications for Monetary Policy2007-12-11The Canadian Overnight Market: Recent Evolution and Structural Changes
https://www.bankofcanada.ca/wp-content/uploads/2010/06/reid.pdf
Since 1997 when the Bank of Canada last published a review of the Canadian overnight market, several important changes have affected the market's structure and dynamics. Reid provides a current overview of the market, examining the financial instruments, market transparency and flows, and the collateralized overnight rate as it has evolved since the introduction of the Large Value Transfer System and the fixed announcement dates. Other significant influences include changes in market practices regarding risk management, the rise of securities lending, the increased demand for collateral, and the Bank of Canada's measures to reinforce the target for the overnight rate.2007-04-14T09:50:02+00:00enThe Canadian Overnight Market: Recent Evolution and Structural Changes2007-04-14Perhaps the FOMC Did What It Said It Did: An Alternative Interpretation of the Great Inflation
https://www.bankofcanada.ca/2007/03/working-paper-2007-19/
This paper uses real-time briefing forecasts prepared for the Federal Open Market Committee (FOMC) to provide estimates of historical changes in the design of U.S. monetary policy and in the implied central-bank target for inflation. Empirical results support a description of policy with an effective inflation target of roughly 7 percent in the 1970s.2007-03-06T15:15:41+00:00enPerhaps the FOMC Did What It Said It Did: An Alternative Interpretation of the Great Inflation2007-03-06Central bank researchMonetary aggregatesMonetary policy implementationWorking Paper 2007-19 https://www.bankofcanada.ca/wp-content/uploads/2010/03/wp07-19.pdfPerhaps the FOMC Did What It Said It Did: An Alternative Interpretation of the Great InflationSharon KozickiP. A. TinsleyMarch 2007EE3E5NN1