Staff discussion papers - Bank of Canada
https://www.bankofcanada.ca/rss-feeds/
Bank of Canada RSS Feedsen2024-03-29T05:45:26+00:00The Macroeconomic Implications of Changes in Bank Capital and Liquidity Requirements in Canada: Insights from the BoC-GEM-FIN
https://www.bankofcanada.ca/2010/12/discussion-paper-2010-16/
The authors use simulations within the BoC-GEM-FIN, the Bank of Canada's version of the Global Economy Model with financial frictions in both the demand and supply sides of the credit market, to investigate the macroeconomic implications of changing bank regulations on the Canadian economy.2010-12-15T10:57:46+00:00enThe Macroeconomic Implications of Changes in Bank Capital and Liquidity Requirements in Canada: Insights from the BoC-GEM-FIN2010-12-15Economic modelsFinancial institutionsFinancial stabilityInternational topicsDiscussion Paper 2010-16https://www.bankofcanada.ca/wp-content/uploads/2010/12/dp10-16.pdfThe Macroeconomic Implications of Changes in Bank Capital and Liquidity Requirements in Canada: Insights from the BoC-GEM-FINCarlos De ResendeAli DibNikita PerevalovDecember 2010EE3E32E4E44E5GG1G2Has the Inclusion of Forward-Looking Statements in Monetary Policy Communications Made the Bank of Canada More Transparent?
https://www.bankofcanada.ca/2010/11/discussion-paper-2010-15/
To investigate the extent to which the transparency of the Bank of Canada's monetary policy has improved, the authors examine empirically – over the period 30 October 2000 to 31 May 2007 – the reaction of Canadian financial markets to official Bank communications, and in particular their reaction to the recent inclusion of forward-looking policy-rate guidance in these communications.2010-11-08T15:03:54+00:00enHas the Inclusion of Forward-Looking Statements in Monetary Policy Communications Made the Bank of Canada More Transparent?2010-11-08Central bank researchInterest ratesMonetary policy communicationsMonetary policy transmissionDiscussion Paper 2010-15https://www.bankofcanada.ca/wp-content/uploads/2010/11/dp10-15.pdfHas the Inclusion of Forward-Looking Statements in Monetary Policy Communications Made the Bank of Canada More Transparent?Christine FayToni GravelleNovember 2010EE5E52E58Losses from Simulated Defaults in Canada's Large Value Transfer System
https://www.bankofcanada.ca/2010/10/discussion-paper-2010-14/
The Large Value Transfer System (LVTS) loss-sharing mechanism was designed to ensure that, in the event of a one-participant default, the collateral pledged by direct members of the system would be sufficient to cover the largest possible net debit position of a defaulting participant. However, the situation may not hold if the indirect effects of the defaults are taken into consideration, or if two participants default during the same payment cycle.2010-10-21T14:11:53+00:00enLosses from Simulated Defaults in Canada's Large Value Transfer System2010-10-21Financial institutionsFinancial stabilityPayment clearing and settlement systemsDiscussion Paper 2010-14 https://www.bankofcanada.ca/wp-content/uploads/2010/10/dp10-14.pdfLosses from Simulated Defaults in Canada's Large Value Transfer SystemNellie ZhangTom HossfeldOctober 2010EE4E47GG2G21Liquidity, Risk, and Return: Specifying an Objective Function for the Management of Foreign Reserves
https://www.bankofcanada.ca/2010/09/discussion-paper-2010-13/
An objective function is a key component of a strategic portfolio management model used to determine the optimal allocations of assets and, possibly, their associated liabilities over some investment horizon.2010-09-21T14:25:10+00:00enLiquidity, Risk, and Return: Specifying an Objective Function for the Management of Foreign Reserves2010-09-21Foreign reserves managementDiscussion paper 2010-13 https://www.bankofcanada.ca/wp-content/uploads/2010/09/dp10-13.pdfLiquidity, Risk, and Return: Specifying an Objective Function for the Management of Foreign ReservesYuliya RomanyukSeptember 2010GG1G11Nowcasting the Global Economy
https://www.bankofcanada.ca/2010/09/discussion-paper-2010-12/
Forecasts of global economic activity and inflation are important inputs when conducting monetary policy in small open economies such as Canada. As part of the Bank of Canada's broad agenda to augment its short-term forecasting tools, the author constructs simple mixed-frequency forecasting equations for quarterly global output, imports, and inflation using the monthly global Purchasing Managers Index (PMI).2010-09-17T12:28:59+00:00enNowcasting the Global Economy2010-09-17Economic modelsInternational topicsDiscussion paper 2010-12https://www.bankofcanada.ca/wp-content/uploads/2010/09/dp10-12.pdfNowcasting the Global EconomyJames RossiterSeptember 2010EE3E37FF4F47Evaluating the Effect of the Bank of Canada's Conditional Commitment Policy
https://www.bankofcanada.ca/2010/08/discussion-paper-2010-11/
The author evaluates the effect of the Bank of Canada's conditional commitment regarding the target overnight rate on longer-term market interest rates by taking into account the relationship between interest rates, inflation, and unemployment rates.2010-08-24T10:32:04+00:00enEvaluating the Effect of the Bank of Canada's Conditional Commitment Policy2010-08-24Interest ratesMonetary policy implementationMonetary policy transmissionDiscussion Paper 2010-11https://www.bankofcanada.ca/wp-content/uploads/2010/08/dp10-11.pdfEvaluating the Effect of the Bank of Canada's Conditional Commitment PolicyZhongfang HeAugust 2010EE4E5E6Asset-Liability Management: An Overview
https://www.bankofcanada.ca/2010/08/discussion-paper-2010-10/
Relevant literature on asset-liability management (ALM) is reviewed and different ALM approaches are discussed that may be of interest to the Bank of Canada for the purpose of modelling the Exchange Fund Account (EFA).2010-08-04T07:43:32+00:00enAsset-Liability Management: An Overview2010-08-04Foreign reserves managementDiscussion Paper 2010-10https://www.bankofcanada.ca/wp-content/uploads/2010/08/dp10-10.pdfAsset-Liability Management: An OverviewYuliya RomanyukAugust 2010GG1G11Inventories in ToTEM
https://www.bankofcanada.ca/2010/08/discussion-paper-2010-9/
ToTEM – the Bank of Canada’s principal projection and policy-analysis model for the Canadian economy – is extended to include inventories. In the model, firms accumulate inventories of finished goods for their role in facilitating the demand for goods.2010-08-03T17:03:02+00:00enInventories in ToTEM2010-08-03Business fluctuations and cyclesEconomic modelsDiscussion paper 2010-9 https://www.bankofcanada.ca/wp-content/uploads/2010/09/dp10-9.pdfInventories in ToTEMOleksiy KryvtsovYang ZhangAugust 2010EE3E31E32Inventories, Stockouts, and ToTEM
https://www.bankofcanada.ca/2010/08/inventories-stockouts-and-totem/
Inventory investment is an important component of the Canadian business cycle. Despite its small average size – less than 1 per cent of output – it exhibits volatile procyclical fluctuations, accounting for almost one-third of output variance.2010-08-03T13:38:16+00:00enInventories, Stockouts, and ToTEM2010-08-03Business fluctuations and cyclesMonetary policy transmissionDiscussion Paper 2010-8https://www.bankofcanada.ca/wp-content/uploads/2010/08/dp10-8.pdfInventories, Stockouts, and ToTEMOleksiy KryvtsovYang ZhangJuly 2010EE3E31E32Statistical Confidence Intervals for the Bank of Canada's Business Outlook Survey
https://www.bankofcanada.ca/2010/05/discussion-paper-2010-7/
While a number of central banks publish their own business conditions indicators that rely on non-random sampling, knowledge about their statistical accuracy has been limited.2010-05-19T00:00:13+00:00enStatistical Confidence Intervals for the Bank of Canada's Business Outlook Survey2010-05-19Business fluctuations and cyclesCentral bank researchRegional economic developmentsDiscussion paper 2010-7https://www.bankofcanada.ca/wp-content/uploads/2010/05/dp10-7.pdfStatistical Confidence Intervals for the Bank of Canada's Business Outlook SurveyDaniel de MunnikMay 2010CC4C46C8C81