E4 - Money and Interest Rates - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T15:22:52+00:00Technology Approach for a CBDC
https://www.bankofcanada.ca/2020/02/staff-analytical-note-2020-6/
In this note, we highlight a range of technical options and considerations in designing a contingent system for a central bank digital currency (CBDC) in Canada and explore how these options achieve stated public policy goals.2020-02-25T06:02:49+00:00enTechnology Approach for a CBDC2020-02-25CBDC and Monetary Policy
https://www.bankofcanada.ca/2020/02/staff-analytical-note-2020-4/
Improving the conduct of monetary policy is unlikely to be the main motivation for central banks to issue a central bank digital currency (CBDC). While some argue that a CBDC could allow more complex transfer schemes or the ability to break below the zero lower bound, we find these benefits might be small or difficult to realize in practice.2020-02-25T06:00:30+00:00enCBDC and Monetary Policy2020-02-25The Effect of Mortgage Rate Resets on Debt: Evidence from TransUnion (Part I)
https://www.bankofcanada.ca/2020/02/staff-analytical-note-2020-2/
This note studies how decreases in mortgage rates affect the behaviour of borrowers in terms of spending on durable goods and repaying debt.2020-02-10T12:09:47+00:00enThe Effect of Mortgage Rate Resets on Debt: Evidence from TransUnion (Part I)2020-02-10The Power of Helicopter Money Revisited: A New Keynesian Perspective
https://www.bankofcanada.ca/2020/02/staff-discussion-paper-2020-1/
We analyze money financing of fiscal transfers (helicopter money) in two simple New Keynesian models: a “textbook” model in which all money is non-interest-bearing (e.g., all money is currency), and a more realistic model with interest-bearing reserves.2020-02-07T16:29:53+00:00enThe Power of Helicopter Money Revisited: A New Keynesian Perspective2020-02-07CredibilityEconomic modelsFiscal policyInflation targetsInterest ratesMonetary policyMonetary policy and uncertaintyMonetary policy frameworkMonetary policy transmissionStaff Discussion Paper 2020-1https://www.bankofcanada.ca/wp-content/uploads/2020/02/sdp2020-1.pdfThe Power of Helicopter Money Revisited: A New Keynesian PerspectiveThomas J. CarterRhys R. MendesFebruary 2020EE1E12E4E41E43E5E51E52E58E6E61E63