Central bank research - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T15:36:14+00:00Prudent Preparation: The Evolution of Unconventional Monetary Policies
https://www.bankofcanada.ca/2015/12/prudent-preparation-evolution-unconventional-monetary-policies/
Governor Poloz speaks about the Bank’s updated framework for unconventional monetary policies.2015-12-08T12:34:47+00:00Prudent Preparation: The Evolution of Unconventional Monetary Policies2015-12-08Stephen S. PolozEstimating Canada’s Effective Lower Bound
https://www.bankofcanada.ca/2015/12/staff-analytical-note-2015-2/
In 2009, the Bank of Canada set its effective lower bound (ELB) at 25 basis points (bps). Given the recent experience of Sweden, Denmark, Switzerland and the euro area with negative interest rates, we examine the economics of negative interest rates and suggest that cash storage costs are the source of a negative lower bound on interest rates.2015-12-08T10:22:55+00:00enEstimating Canada’s Effective Lower Bound2015-12-08A Survey of Consumer Expectations for Canada
https://www.bankofcanada.ca/wp-content/uploads/2015/11/boc-review-autumn15-gosselin.pdf
The Bank of Canada recently launched a quarterly survey to measure the expectations of Canadian households: the Canadian Survey of Consumer Expectations (CSCE). The data collected provide comprehensive information about consumer expectations for and uncertainty about inflation, the labour market and household finance. This article describes the CSCE and illustrates its potential to offer rich information about Canadian consumers for researchers and policy-makers.2015-11-19T10:45:11+00:00enA Survey of Consumer Expectations for Canada2015-11-19Recent Enhancements to the Management of Canada’s Foreign Exchange Reserves
https://www.bankofcanada.ca/wp-content/uploads/2015/11/boc-review-autumn15-merkowsky.pdf
As the size and complexity of the foreign exchange reserves have grown over the years, enhancements to the management framework needed to keep pace. This is a common theme for most reserve managers around the world. In Canada, the enhancements focused on governance, portfolio management, risk measurement and risk management. This article briefly describes these enhancements, why they were implemented and some of the lessons learned along the way.2015-11-19T10:30:39+00:00enRecent Enhancements to the Management of Canada’s Foreign Exchange Reserves2015-11-19Innovation, Central-Bank Style
https://www.bankofcanada.ca/2015/11/innovation-central-bank-style/
Senior Deputy Governor Wilkins discusses how the Bank is tackling the most important strategic challenges facing central banks today and how innovative thinking is critical to its success.2015-11-13T07:49:46+00:00Innovation, Central-Bank Style2015-11-13Carolyn A. WilkinsQuantitative 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 2015EE5E52E58E6E65Integrating Financial Stability into Monetary Policy
https://www.bankofcanada.ca/2015/10/integrating-financial-stability-into-monetary-policy/
Governor Poloz speaks about the Bank’s research agenda and how it supports efforts to integrate financial stability concerns into monetary policy.2015-10-12T13:04:38+00:00Integrating Financial Stability into Monetary Policy2015-10-12Stephen S. Poloz2013 Methods-of-Payment Survey: Sample Calibration Analysis
https://www.bankofcanada.ca/2015/04/technical-report-103/
Sample calibration is a procedure that utilizes sample and national-level demographic distribution information to weight survey participants. The objective of calibration is to weight the sample so that it is demographically representative of the target population.2015-04-23T09:53:00+00:00en2013 Methods-of-Payment Survey: Sample Calibration Analysis2015-04-23Central bank researchTechnical Report 103https://www.bankofcanada.ca/wp-content/uploads/2015/04/tr103.pdf2013 Methods-of-Payment Survey: Sample Calibration AnalysisKyle VincentApril 2015CC8C81C83Lessons New and Old: Reinventing Central Banking
https://www.bankofcanada.ca/2015/02/lessons-new-old-reinventing-central-banking/
Governor Stephen S. Poloz discusses the need to integrate financial stability concerns with inflation control in conducting monetary policy after the financial crisis.2015-02-24T14:15:46+00:00Lessons New and Old: Reinventing Central Banking2015-02-24Stephen S. Poloz