Monetary policy implementation - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T16:08:18+00:00Investing in Monetary Policy Independence in a Small Open Economy
https://www.bankofcanada.ca/2018/09/investing-monetary-policy-independence-small-open-economy/
Governor Poloz discusses policies that can help central banks keep the ability to pursue independent monetary policy in a financially integrated global economy.2018-09-08T10:03:26+00:00Investing in Monetary Policy Independence in a Small Open Economy2018-09-08Stephen S. PolozCésaire MehFollowing the Money: Evidence for the Portfolio Balance Channel of Quantitative Easing
https://www.bankofcanada.ca/2018/07/staff-working-paper-2018-33/
Recent research suggests that quantitative easing (QE) may affect a broad range of asset prices through a portfolio balance channel. Using novel security-level holding data of individual US mutual funds, we establish evidence that portfolio rebalancing occurred both within and across funds.2018-07-19T10:08:12+00:00enFollowing the Money: Evidence for the Portfolio Balance Channel of Quantitative Easing2018-07-19Monetary policyMonetary policy implementationMonetary policy transmissionStaff Working Paper 2018-33https://www.bankofcanada.ca/wp-content/uploads/2018/07/swp2018-33.pdfFollowing the Money: Evidence for the Portfolio Balance Channel of Quantitative EasingItay GoldsteinJonathan WitmerJing YangJuly 2018EE5E58GG2G23Assessing the Impact of Demand Shocks on the US Term Premium
https://www.bankofcanada.ca/2018/07/staff-discussion-paper-2018-7/
During and after the Great Recession of 2008–09, conventional monetary policy in the United States and many other advanced economies was constrained by the effective lower bound (ELB) on nominal interest rates. Several central banks implemented large-scale asset purchase (LSAP) programs, more commonly known as quantitative easing or QE, to provide additional monetary stimulus.2018-07-17T10:09:06+00:00enAssessing the Impact of Demand Shocks on the US Term Premium2018-07-17Financial marketsInterest ratesMonetary policy frameworkMonetary policy implementationMonetary policy transmissionStaff Discussion Paper 2018-7https://www.bankofcanada.ca/wp-content/uploads/2018/07/sdp2018-7.pdfAssessing the Impact of Demand Shocks on the US Term PremiumRussell BarnettKonrad ZmitrowiczJuly 2018EE4E43E5E52E58E6E61E65GG1G12Noisy Monetary Policy
https://www.bankofcanada.ca/2018/05/staff-working-paper-2018-23/
We introduce limited information in monetary policy. Agents receive signals from the central bank revealing new information (“news") about the future evolution of the policy rate before changes in the rate actually take place. However, the signal is disturbed by noise.2018-05-30T14:57:34+00:00enNoisy Monetary Policy2018-05-30Business fluctuations and cyclesEconometric and statistical methodsFinancial marketsMonetary policy implementationMonetary policy transmissionStaff Working Paper 2018-23https://www.bankofcanada.ca/wp-content/uploads/2018/05/swp2018-23.pdfNoisy Monetary PolicyTatjana DahlhausLuca GambettiMay 2018CC1C18C3C32EE0E02E4E43E5E52