E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T07:50:45+00:00Forward Guidance at the Effective Lower Bound: International Experience
https://www.bankofcanada.ca/2015/11/staff-discussion-paper-2015-15/
Forward guidance is one of the policy tools that a central bank can implement if it seeks to provide additional monetary stimulus when it is operating at the effective lower bound (ELB) on interest rates. It became more widely used during and after the global financial crisis.2015-11-13T07:20:17+00:00enForward Guidance at the Effective Lower Bound: International Experience2015-11-13Monetary policy and uncertaintyMonetary policy communicationsMonetary policy frameworkMonetary policy implementationMonetary policy transmissionStaff Discussion Paper 2015-15https://www.bankofcanada.ca/wp-content/uploads/2015/11/dp2015-15.pdfForward Guidance at the Effective Lower Bound: International ExperienceKaryne B. CharbonneauLori RennisonNovember 2015EE4E43E5E52E58E6Quantitative Easing as a Policy Tool Under the Effective Lower Bound
https://www.bankofcanada.ca/2015/11/staff-discussion-paper-2015-14/
This paper summarizes the international evidence on the performance of quantitative easing (QE) as a monetary policy tool when conventional policy rates are constrained by the effective lower bound (ELB). A large body of evidence suggests that expanding the central bank’s balance sheet through large-scale asset purchases can provide effective stimulus under the ELB.2015-11-12T15:21:58+00:00enQuantitative Easing as a Policy Tool Under the Effective Lower Bound2015-11-12Central bank researchInternational topicsMonetary policy frameworkMonetary policy transmissionStaff Discussion Paper 2015-14https://www.bankofcanada.ca/wp-content/uploads/2015/11/dp2015-14.pdfQuantitative Easing as a Policy Tool Under the Effective Lower BoundAbeer RezaEric SantorLena SuchanekNovember 2015EE5E52E58E6E61E65NN1N10The International Experience with Negative Policy Rates
https://www.bankofcanada.ca/2015/11/staff-discussion-paper-2015-13/
A key issue in the renewal of the inflation-control agreement is the question of the appropriate level of the inflation target. Many observers have raised concerns that with the reduction in the neutral rate, and the experience of the recent financial crisis, the effective lower bound (ELB) is more likely to be binding in the future if inflation targets remain at 2 per cent.2015-11-12T13:05:13+00:00enThe International Experience with Negative Policy Rates2015-11-12Central bank researchFinancial marketsInternational topicsMonetary policy frameworkStaff Discussion Paper 2015-13 https://www.bankofcanada.ca/wp-content/uploads/2015/11/dp2015-13.pdfThe International Experience with Negative Policy RatesHarriet JacksonNovember 2015EE5E52E58E6E65Risk Sharing in the Presence of a Public Good
https://www.bankofcanada.ca/2015/07/working-paper-2015-27/
This paper studies an economy where agents can spend resources on consuming a private good and on funding a public good. There is asymmetric information regarding agents’ relative preference for private versus public good consumption.2015-07-16T13:45:45+00:00enRisk Sharing in the Presence of a Public Good2015-07-16Financial stabilityFinancial system regulation and policiesFiscal policyWorking Paper 2015-27https://www.bankofcanada.ca/wp-content/uploads/2015/07/wp2015-27.pdfRisk Sharing in the Presence of a Public GoodJosef SchrothJuly 2015DD8D82D86EE6E62HH2H21H23H7H77