E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T09:01:21+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 2010EE3E32E4E44E5GG1G2Text Mining and the Information Content of Bank of Canada Communications
https://www.bankofcanada.ca/2010/11/working-paper-2010-31/
This paper uses Latent Semantic Analysis to extract information from Bank of Canada communication statements and investigates what type of information affects returns and volatility in short-term as well as long-term interest rate markets over the 2002-2008 period.2010-11-29T09:36:45+00:00enText Mining and the Information Content of Bank of Canada Communications2010-11-29Financial marketsMonetary policy implementationWorking Paper 2010-31https://www.bankofcanada.ca/wp-content/uploads/2010/11/wp10-31.pdfText Mining and the Information Content of Bank of Canada CommunicationsScott HendryAlison MadeleyNovember 2010EE5E58GG1G14Has 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 2010EE5E52E58Central Bank Haircut Policy
https://www.bankofcanada.ca/2010/10/working-paper-2010-23/
We present a model of central bank collateralized lending to study the optimal choice of the haircut policy. We show that a lending facility provides a bundle of two types of insurance: insurance against liquidity risk as well as insurance against downside risk of the collateral.2010-10-13T08:14:48+00:00enCentral Bank Haircut Policy2010-10-13Central bank researchFinancial servicesFinancial system regulation and policiesMonetary policy implementationPayment clearing and settlement systemsWorking Paper 2010-23https://www.bankofcanada.ca/wp-content/uploads/2010/10/wp10-23.pdfCentral Bank Haircut PolicyJames ChapmanJonathan ChiuMiguel MolicoOctober 2010EE4E40E5E50Evaluating 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 2010EE4E5E6An Assessment of the Bank of Canada's Term PRA Facility
https://www.bankofcanada.ca/2010/08/working-paper-2010-20/
This paper empirically assesses the effectiveness of the Bank of Canada's term Purchase and Resale Agreement (PRA) facility in reducing short-term bank funding pressures, as measured by the CDOR-OIS spread.2010-08-03T11:53:00+00:00enAn Assessment of the Bank of Canada's Term PRA Facility2010-08-03Financial marketsFinancial stabilityWorking Paper 2010-20https://www.bankofcanada.ca/wp-content/uploads/2010/08/wp10-20.pdfAn Assessment of the Bank of Canada's Term PRA FacilityEmanuella EnenajorAlex SebastianJonathan WitmerJuly 2010EE5E58GG1G12G18The Transmission of Shocks to the Chinese Economy in a Global Context: A Model-Based Approach
https://www.bankofcanada.ca/2010/07/working-paper-2010-17/
To better understand the dynamics of the Chinese economy and its interaction with the global economy, the authors incorporate China into an existing model for the G-3 economies (i.e., the United States, the euro area, and Japan), paying particular attention to modelling the exchange rate and monetary policy in China.2010-07-12T09:58:57+00:00enThe Transmission of Shocks to the Chinese Economy in a Global Context: A Model-Based Approach2010-07-12Business fluctuations and cyclesEconomic modelsExchange rate regimesInternational topicsWorking Paper 2010-17https://www.bankofcanada.ca/wp-content/uploads/2010/07/wp10-17.pdfThe Transmission of Shocks to the Chinese Economy in a Global Context: A Model-Based ApproachJeannine BailliuPatrick BlagraveJuly 2010EE3E32E5E52FF4F41Inflation and Unemployment in Competitive Search Equilibrium
https://www.bankofcanada.ca/2010/06/working-paper-2010-15/
Using a monetary search model, Rocheteau, Rupert and Wright (2007) show that the relationship between inflation and unemployment can be positive or negative depending on the primitives of the model. The key features are indivisible labor, nonseparable preferences and bargaining.2010-06-18T09:03:27+00:00enInflation and Unemployment in Competitive Search Equilibrium2010-06-18Inflation: costs and benefitsWorking Paper 2010-15https://www.bankofcanada.ca/wp-content/uploads/2010/06/wp10-15.pdfInflation and Unemployment in Competitive Search EquilibriumMei DongJune 2010EE1E12E13E4E40E5E52Financial Stress, Monetary Policy, and Economic Activity
https://www.bankofcanada.ca/2010/05/working-paper-2010-12/
This paper examines empirically the impact of financial stress on the transmission of monetary policy shocks in Canada. The model used is a threshold vector autoregression in which a regime change occurs if financial stress conditions cross a critical threshold.2010-05-21T13:24:59+00:00enFinancial Stress, Monetary Policy, and Economic Activity2010-05-21Financial stabilityMonetary policy and uncertaintyWorking Paper 2010-12https://www.bankofcanada.ca/wp-content/uploads/2010/05/wp10-12.pdfFinancial Stress, Monetary Policy, and Economic ActivityFuchun LiPierre St-AmantMay 2010CC0C01EE5E50GG0G01Alternative Optimized Monetary Policy Rules in Multi-Sector Small Open Economies: The Role of Real Rigidities
https://www.bankofcanada.ca/2010/03/working-paper-2010-9/
Inflation-targeting central banks around the world often state their inflation objectives with regard to the consumer price index (CPI). Yet the literature on optimal monetary policy based on models with nominal rigidities and more than one sector suggests that CPI inflation is not always the best choice from a social welfare perspective.2010-03-20T14:30:30+00:00enAlternative Optimized Monetary Policy Rules in Multi-Sector Small Open Economies: The Role of Real Rigidities2010-03-20Inflation and pricesInflation targetsInflation: costs and benefitsMonetary policy frameworkMonetary policy implementationWorking Paper 2010-9https://www.bankofcanada.ca/wp-content/uploads/2010/05/wp10-9.pdfAlternative Optimized Monetary Policy Rules in Multi-Sector Small Open Economies: The Role of Real RigiditiesCarlos De ResendeAli DibMaral KichianMarch 2010EE4E5E52FF3F4