February 28, 2019
Posts
-
-
Limiting Sender’s Information in Bayesian Persuasion
This paper studies how the outcome of Bayesian persuasion depends on a sender’s information. I study a game in which, prior to the sender’s information disclosure, the designer can restrict the most informative signal that the sender can generate. -
Inflation Targeting and Liquidity Traps Under Endogenous Credibility
Policy implications are derived for an inflation-targeting central bank, whose credibility is endogenous and depends on its past ability to achieve its targets. This is done in a New Keynesian framework with heterogeneous and boundedly rational expectations. -
February 26, 2019
Bank of Canada publishes the Canadian Alternative Reference Rate Working Group’s Consultation Paper on Proposed Enhancements to the Canadian Dollar Overnight Repo Rate Average (CORRA)
The Bank of Canada, on behalf of the Canadian Alternative Reference Rate Working Group (CARR), has published a consultation on proposed enhancements to the Canadian Overnight Repo Rate Average (CORRA) risk-free interest-rate benchmark. -
-
Liquidity Management of Canadian Corporate Bond Mutual Funds: A Machine Learning Approach
When redeeming shares for investors, bond fund managers must choose a mix of cash and bond sales to honour their commitments. This note uses machine learning algorithms to uncover new patterns in decisions fund managers make to meet redemptions. -
February 22, 2019
Le Devoir
Stephen S. Poloz, Governor of the Bank of Canada
Interview with Le Devoir -
The Size and Characteristics of Informal (“Gig”) Work in Canada
Underlying wage growth has fallen short of what would be consistent with an economy operating with little or no slack. While many factors could explain this weakness, the availability of additional labour resources from informal (“gig”) work—not fully captured in standard measures of employment and hours worked—may play a role. -
February 21, 2019
Speech by Stephen S. Poloz, Governor of the Bank of Canada
On Thursday, February 21, 2019, Stephen S. Poloz, Governor of the Bank of Canada, will speak before the Chamber of Commerce of Metropolitan Montreal. -
February 21, 2019
Price check: Inflation in Canada
Why prices change, and what it means for the economy.