Monetary policy - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T07:49:35+00:00ToTEM III: The Bank of Canada’s Main DSGE Model for Projection and Policy Analysis
https://www.bankofcanada.ca/2021/06/technical-report-119/
ToTEM III is the most recent generation of the Bank of Canada’s main dynamic stochastic general equilibrium model for projection and policy analysis. The model helps Bank staff tell clear and coherent stories about the Canadian economy’s current state and future evolution.2021-06-28T08:50:52+00:00enToTEM III: The Bank of Canada’s Main DSGE Model for Projection and Policy Analysis2021-06-28Business fluctuations and cyclesEconomic modelsHousingInterest ratesMonetary policyTechnical Report 2021-119https://www.bankofcanada.ca/wp-content/uploads/2021/06/tr119.pdfTechnical Report 2021-119Paul CorriganHélène DesgagnésJosé DorichVadym LepetyukWataru MiyamotoYang ZhangJune 2021EE1E17E2E20E3E30E4E40E5E50E6E62E65FF4F40F41GG5G51A New Measure of Monetary Policy Shocks
https://www.bankofcanada.ca/2021/06/staff-working-paper-2021-29/
Combining various high frequency financial data with central bank projections, I construct a new measure of monetary policy shocks not predictable by the public information preceding a central bank’s announcements. I then study the causal effects of monetary policy on the macro economy.2021-06-21T14:33:29+00:00enA New Measure of Monetary Policy Shocks2021-06-21Business fluctuations and cyclesCentral bank researchEconometric and statistical methodsInterest ratesMonetary policyStaff Working Paper 2021-29https://www.bankofcanada.ca/wp-content/uploads/2021/06/swp2021-29.pdfStaff Working Paper 2021-29Xu ZhangJune 2021EE5GG0Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce
https://www.bankofcanada.ca/2021/06/opening-statement-160621/
2021-06-16T18:30:25+00:00Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce2021-06-16Tiff MacklemMonetary Policy, Trends in Real Interest Rates and Depressed Demand
https://www.bankofcanada.ca/2021/06/staff-working-paper-2021-27/
Over the last few decades, real interest rates have trended downward. The most common explanation is that this reflects depressed demand due to demographic, technological and other real factors. We explore the claim that these trends may have been amplified by certain features of monetary policy.2021-06-11T11:00:53+00:00enMonetary Policy, Trends in Real Interest Rates and Depressed Demand2021-06-11Debt managementEconomic modelsFiscal policyInflation and pricesInterest ratesMonetary policyStaff Working Paper 2021-27https://www.bankofcanada.ca/wp-content/uploads/2021/06/swp2021-27.pdfStaff Working Paper 2021-27Paul BeaudryCésaire MehJune 2021EE2E4E43E44E5E52E6E62E63HH3H6H63Going digital has helped the economy through COVID-19
https://www.bankofcanada.ca/2021/06/going-digital-has-helped-the-economy-through-covid-19/
Deputy Governor Timothy Lane talks about the Bank’s decision yesterday to leave the policy rate unchanged. He also discusses how adopting digital technologies supported resilience during the COVID-19 pandemic.2021-06-10T14:58:12+00:00Going digital has helped the economy through COVID-192021-06-10Timothy LaneThe digital transformation and Canada’s economic resilience
https://www.bankofcanada.ca/2021/06/digital-transformation-canada-economic-resilience/
Deputy Governor Tim Lane talks about the Bank’s latest interest rate announcement and discusses how the digital transformation has supported resilience through the pandemic and may be adding to the economy’s growth potential.2021-06-10T13:00:05+00:00The digital transformation and Canada’s economic resilience2021-06-10Timothy Lane