Thomas J. Carter - Latest - Bank of Canada
https://www.bankofcanada.ca/rss-feeds/
Bank of Canada RSS Feedsen2024-03-28T23:43:47+00:002020 US Neutral Rate Assessment
https://www.bankofcanada.ca/2020/12/staff-discussion-paper-2020-12/
This paper presents Bank of Canada staff’s current assessment of the US neutral rate, along with a newly developed set of models on which that assessment is based. The overall assessment is that the US neutral rate currently lies in a range of 1.75 to 2.75 percent.2020-12-01T13:47:11+00:00en2020 US Neutral Rate Assessment2020-12-01Economic modelsInterest ratesMonetary policyStaff Discussion Paper 2020-12https://www.bankofcanada.ca/wp-content/uploads/2020/12/sdp2020-12.pdf2020 US Neutral Rate AssessmentJames BootsmaThomas J. CarterXin Scott ChenChristopher HajzlerArgyn ToktamyssovDecember 2020EE4E40E43E5E50E52E58FF4F41Strengthening Inflation Targeting: Review and Renewal Processes in Canada and Other Advanced Jurisdictions
https://www.bankofcanada.ca/2020/08/staff-discussion-paper-2020-7/
We summarize the review and renewal process at four central banks (Reserve Bank of New Zealand, Bank of England, Sveriges Riksbank and the US Federal Reserve Bank) and compare them with the process at the Bank of Canada, which has been well-established since 2001.2020-08-06T14:45:02+00:00enStrengthening Inflation Targeting: Review and Renewal Processes in Canada and Other Advanced Jurisdictions2020-08-06Central bank researchInflation targetsMonetary policy frameworkStaff Discussion Paper 2020-7https://www.bankofcanada.ca/wp-content/uploads/2020/08/sdp2020-7.pdfStaff Discussion Paper 2020-7Robert AmanoThomas J. CarterLawrence L. SchembriAugust 2020EE5E52E58The 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