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• May 26, 2010

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• May 26, 2010

  Upcoming events

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• May 26, 2010

  Press

  Access our latest news and events.

• Financial Stress, Monetary Policy, and Economic Activity

  Staff Working Paper 2010-12 Fuchun Li, Pierre St-Amant

  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.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Financial stability, Monetary policy and uncertainty JEL Code(s): C, C0, C01, E, E5, E50, G, G0, G01

• Idiosyncratic Coskewness and Equity Return Anomalies

  Staff Working Paper 2010-11 Fousseni Chabi-Yo, Jun Yang

  In this paper, we show that in a model where investors have heterogeneous preferences, the expected return of risky assets depends on the idiosyncratic coskewness beta, which measures the co-movement of the individual stock variance and the market return.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Economic models, Financial markets JEL Code(s): G, G1, G11, G12, G14, G3, G33
• May 20, 2010

  Qualitative Research on the Monetary Policy Report – Key Findings, 2009

  Results of the Qualitative Research on the Monetary Policy Report, seeking feedback from key readers on how they use the Report and how to improve its content, design, and delivery.
• May 20, 2010

  1999 survey indicates limited familiarity with the Bank of Canada

  Results of a general public survey exploring Canadians' familiarity with the Bank and its activities. Also, results of a survey of senior business executives regarding the Bank's mandate and activities.

• Statistical Confidence Intervals for the Bank of Canada's Business Outlook Survey

  Staff Discussion Paper 2010-7 Daniel de Munnik

  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.

  Content Type(s): Staff research, Staff discussion papers Research Topic(s): Business fluctuations and cycles, Central bank research, Regional economic developments JEL Code(s): C, C4, C46, C8, C81

• The Fisher BCPI: The Bank of Canada’s New Commodity Price Index

  Staff Discussion Paper 2010-6 Ilan Kolet, Ryan Macdonald

  The prices of commodities produced in Canada have important implications for the performance of the Canadian economy and the conduct of monetary policy. The authors explain an important change to the methodology used to construct the Bank of Canada commodity price index (BCPI).

  Content Type(s): Staff research, Staff discussion papers Research Topic(s): Econometric and statistical methods, Inflation and prices JEL Code(s): C, C1, E, E3
• May 17, 2010

  Bank of Canada and U.S. Federal Reserve Publish Text of Swap Arrangement

  Further to the 9 May 2010 announcement that the Bank of Canada and the U.S. Federal Reserve have agreed to the re-establishment of the US$30 billion swap facility (reciprocal currency arrangement), the Bank of Canada and the U.S. Federal Reserve today published the text of that swap arrangement.

  Content Type(s): Press, Market notices