Monetary policy and uncertainty - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T12:34:31+00:00Embracing Uncertainty in the Conduct of Monetary Policy
https://www.bankofcanada.ca/2017/11/embracing-uncertainty-conduct-monetary-policy/
Senior Deputy Governor Carolyn A. Wilkins explains how uncertainty is factored into monetary policy decisions.2017-11-15T18:45:01+00:00Embracing Uncertainty in the Conduct of Monetary Policy2017-11-15Carolyn A. WilkinsCommunicating Uncertainty in Monetary Policy
https://www.bankofcanada.ca/2017/11/staff-discussion-paper-2017-14/
While central banks cannot provide complete foresight with respect to their future policy actions, it is in the interests of both central banks and market participants that central banks be transparent about their reaction functions and how they may evolve in response to economic developments, shocks, and risks to their outlooks.2017-11-15T08:45:47+00:00enCommunicating Uncertainty in Monetary Policy2017-11-15CredibilityMonetary policyMonetary policy and uncertaintyMonetary policy communicationsStaff Discussion Paper 2017-14https://www.bankofcanada.ca/wp-content/uploads/2017/11/sdp2017-14.pdfCommunicating Uncertainty in Monetary PolicySharon KozickiJill VardyNovember 2017EE5E52E58E6E61E65Monetary Policy Under Uncertainty: Practice Versus Theory
https://www.bankofcanada.ca/2017/11/staff-discussion-paper-2017-13/
For central banks, conducting policy in an environment of uncertainty is a daily fact of life. This uncertainty can take many forms, ranging from incomplete knowledge of the correct economic model and data to future economic and geopolitical events whose precise magnitudes and effects cannot be known with certainty.2017-11-15T08:40:15+00:00enMonetary Policy Under Uncertainty: Practice Versus Theory2017-11-15Monetary policyMonetary policy and uncertaintyStaff Discussion Paper 2017-13https://www.bankofcanada.ca/wp-content/uploads/2017/11/sdp2017-13.pdfMonetary Policy Under Uncertainty: Practice Versus TheoryRhys R. MendesStephen MurchisonCarolyn A. WilkinsNovember 2017EE5E52E58E6E61E65The Meaning of “Data Dependence”: An Economic Progress Report
https://www.bankofcanada.ca/2017/09/meaning-data-dependence-economic-progress-report/
Governor Stephen S. Poloz discusses how unknowns in Canada’s inflation outlook have made the Bank’s monetary policy particularly data dependent.2017-09-27T11:45:14+00:00The Meaning of “Data Dependence”: An Economic Progress Report2017-09-27Stephen S. PolozWhy Is Global Business Investment So Weak? Some Insights from Advanced Economies
https://www.bankofcanada.ca/wp-content/uploads/2017/05/boc-review-spring17-fay.pdf
Various drivers of business investment can be used to explain the underwhelming performance of investment in advanced economies since the global financial crisis, particularly since 2014. The slow growth in aggregate demand cannot by itself explain the full extent of the recent weakness in investment, which appears to be linked primarily to the collapse of global commodity prices and a rise in economic uncertainty. Looking ahead, business investment growth is likely to remain slower than in the pre-crisis period, largely because of structural factors such as population aging.2017-05-11T10:26:31+00:00enWhy Is Global Business Investment So Weak? Some Insights from Advanced Economies2017-05-11Canada and Mexico: Common Issues in Uncommon Times
https://www.bankofcanada.ca/2017/05/canada-mexico-common-issues-uncommon-times/
Governor Stephen S. Poloz discusses how shared economic traits leave Canada and Mexico well placed to face global challenges.2017-05-04T16:10:04+00:00Canada and Mexico: Common Issues in Uncommon Times2017-05-04Stephen S. PolozMonetary Policy Report Press Conference Opening Statement
https://www.bankofcanada.ca/2017/04/opening-statement-120417/
Senior Deputy Governor Carolyn A. Wilkins discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR.2017-04-12T11:15:22+00:00Monetary Policy Report Press Conference Opening Statement2017-04-12Carolyn A. WilkinsGetting Down to Business: Investment and the Economic Outlook
https://www.bankofcanada.ca/2017/03/getting-down-business-investment-economic-outlook/
Deputy Governor Lawrence Schembri discusses the factors affecting business investment and the implications for the economic outlook.2017-03-21T15:30:38+00:00Getting Down to Business: Investment and the Economic Outlook2017-03-21Lawrence L. SchembriModels and the Art and Science of Making Monetary Policy
https://www.bankofcanada.ca/2017/01/models-art-science-making-monetary-policy/
Governor Stephen S. Poloz discusses the evolution of economic models and the need for central bankers to apply judgment in using them.2017-01-31T17:19:02+00:00Models and the Art and Science of Making Monetary Policy2017-01-31Stephen S. PolozMonetary Policy Report Press Conference Opening Statement
https://www.bankofcanada.ca/2017/01/opening-statement-180117/
Governor Stephen S. Poloz discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR.2017-01-18T11:15:39+00:00Monetary Policy Report Press Conference Opening Statement2017-01-18Stephen S. PolozCarolyn A. Wilkins