E52 - Monetary Policy - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T11:32:43+00:00(Optimal) Monetary Policy with and without Debt
https://www.bankofcanada.ca/2021/01/staff-working-paper-2021-5/
How should policy be designed at high debt levels, when fiscal authorities have little room to adjust taxes? Assigning the monetary authority a role in achieving debt sustainability makes it less effective in stabilizing inflation and output.2021-01-26T12:06:01+00:00en(Optimal) Monetary Policy with and without Debt2021-01-26Economic modelsFiscal policyMonetary policyMonetary policy frameworkStaff Working Paper 2021-5https://www.bankofcanada.ca/wp-content/uploads/2021/01/swp2021-5.pdf(Optimal) Monetary Policy with and without DebtBoris ChafwehéRigas OikonomouRomanos PriftisLukas VogelJanuary 2021CC1C11EE3E31E5E52E58E6E62Networking the Yield Curve: Implications for Monetary Policy
https://www.bankofcanada.ca/2021/01/staff-working-paper-2021-4/
We study how different monetary policies affect the yield curve and interact. Our study highlights the importance of the spillover structure across the yield curve for policy-making.2021-01-21T15:36:58+00:00enNetworking the Yield Curve: Implications for Monetary Policy2021-01-21Econometric and statistical methodsInterest ratesMonetary policy implementationStaff Working Paper 2021-4https://www.bankofcanada.ca/wp-content/uploads/2021/01/swp2021-4.pdfStaff Working Paper 2021-4Tatjana DahlhausJulia SchaumburgTatevik SekhposyanJanuary 2021CC1C18C2C21C5C53EE4E43E44E5E52Chinese Monetary Policy and Text Analytics: Connecting Words and Deeds
https://www.bankofcanada.ca/2021/01/staff-working-paper-2021-3/
What are the main drivers behind the monetary policy reaction function of the People’s Bank of China?2021-01-21T14:28:57+00:00enChinese Monetary Policy and Text Analytics: Connecting Words and Deeds2021-01-21Econometric and statistical methodsInternational topicsMonetary policy communicationsMonetary policy frameworkStaff Working Paper 2021-3https://www.bankofcanada.ca/wp-content/uploads/2021/01/swp2021-3.pdfStaff Working Paper 2021-3Jeannine BailliuXinfen HanBarbara SadabaMark KrugerJanuary 2021CC6C63EE5E52E58Qualitative Field Research in Monetary Policy Making
https://www.bankofcanada.ca/2021/01/staff-discussion-paper-2021-1/
Central banks conduct research involving in-depth interviews with external parties—but little is known about how this information affects monetary policy. We address this gap by analyzing open-ended interviews with senior central bank economic and policy staff who work closely with policy decision-makers.2021-01-21T13:20:36+00:00enQualitative Field Research in Monetary Policy Making2021-01-21Business fluctuations and cyclesMonetary policyMonetary policy and uncertaintyStaff Discussion Paper 2021-1https://www.bankofcanada.ca/wp-content/uploads/2021/01/sdp2021-1.pdfStaff Discussion Paper 2021-1Chris D'SouzaJane VollJanuary 2021CC8C83EE3E37E5E52Using Payments Data to Nowcast Macroeconomic Variables During the Onset of COVID-19
https://www.bankofcanada.ca/2021/01/staff-working-paper-2021-2/
We use retail payment data in conjunction with machine learning techniques to predict the effects of COVID-19 on the Canadian economy in near-real time. Our model yields a significant increase in macroeconomic prediction accuracy over a linear benchmark model.2021-01-21T09:16:57+00:00enUsing Payments Data to Nowcast Macroeconomic Variables During the Onset of COVID-192021-01-21Econometric and statistical methodsPayment clearing and settlement systemsStaff Working Paper 2021-2https://www.bankofcanada.ca/wp-content/uploads/2021/01/swp2021-2.pdfStaff Working Paper 2021-2James ChapmanAjit DesaiJanuary 2021CC5C53C55EE3E37E4E42E5E52