Interest rates - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T11:59:20+00:00Keeping our eyes on inflation
https://www.bankofcanada.ca/2021/12/keeping-our-eyes-on-inflation/
Deputy Governor Toni Gravelle talks about the Bank of Canada’s decision yesterday to leave the policy rate unchanged. He explains the link between supply bottlenecks and high inflation and why the Bank thinks both will ease over time.2021-12-09T07:44:05+00:00Keeping our eyes on inflation2021-12-09Toni GravelleEconomic progress report: A recovery unlike any other
https://www.bankofcanada.ca/2021/12/economic-progress-report-a-recovery-unlike-any-other/
Deputy Governor Toni Gravelle provides an economic update and discusses the relationship between supply bottlenecks and inflation.2021-12-09T07:32:40+00:00Economic progress report: A recovery unlike any other2021-12-09Toni GravelleDemocratic Political Economy of Financial Regulation
https://www.bankofcanada.ca/2021/11/staff-working-paper-2021-59/
We offer a theory of how inefficiently lax financial regulation could arise in a democratic society.2021-11-26T14:17:43+00:00enDemocratic Political Economy of Financial Regulation2021-11-26Financial stabilityFinancial system regulation and policiesHousingInterest ratesStaff Working Paper 2021-59https://www.bankofcanada.ca/wp-content/uploads/2021/11/swp2021-59.pdfStaff Working Paper 2021-59Igor LivshitsYoungmin ParkNovember 2021EE4E43E44GG0G01G2G21G28PP4P48Discount Rates, Debt Maturity, and the Fiscal Theory
https://www.bankofcanada.ca/2021/11/staff-working-paper-2021-58/
Do bond risk premiums influence the effects of debt maturity operations? Using a model with realistic bond risk premiums, we show that maturity operations have sizable effects on expected inflation and output when the central bank passively responds to inflation and the fiscal authority weakly responds to the debt level.2021-11-26T09:21:16+00:00enDiscount Rates, Debt Maturity, and the Fiscal Theory2021-11-26Fiscal policyInterest ratesMonetary policyStaff Working Paper 2021-58https://www.bankofcanada.ca/wp-content/uploads/2021/11/swp2021-58.pdfStaff Working Paper 2021-58Alexandre CorhayThilo KindHoward KungGonzalo MoralesNovember 2021EE4E43E44E6E63GG1G12Checking up on Canada’s financial system
https://www.bankofcanada.ca/2021/11/checking-up-on-canadas-financial-system/
Deputy Governor Paul Beaudry speaks about the strength and resilience of the financial system throughout the COVID-19 pandemic and economic recovery. He also outlines key vulnerabilities and risks going forward.2021-11-23T11:51:29+00:00Checking up on Canada’s financial system2021-11-23Paul BeaudryFinancial stability through the pandemic and beyond
https://www.bankofcanada.ca/2021/11/financial-stability-through-the-pandemic-and-beyond/
Deputy Governor Paul Beaudry provides an update on financial vulnerabilities and risks in Canada, including those stemming from the COVID-19 pandemic.2021-11-23T07:31:17+00:00Financial stability through the pandemic and beyond2021-11-23Paul BeaudryEvaluating the Effects of Forward Guidance and Large-scale Asset Purchases
https://www.bankofcanada.ca/2021/11/staff-working-paper-2021-54/
I propose a novel method to identify and estimate the macroeconomic effects of forward guidance and large-scale asset purchases (LSAP) for each FOMC announcement. I find that LSAP is more important than forward guidance in influencing output and inflation. LSAP puts upward pressure on short-term yields, so it should always be used in conjunction with forward guidance.2021-11-04T14:23:41+00:00enEvaluating the Effects of Forward Guidance and Large-scale Asset Purchases2021-11-04Business fluctuations and cyclesCentral bank researchEconometric and statistical methodsInterest ratesStaff Working Paper 2021-54https://www.bankofcanada.ca/wp-content/uploads/2021/11/swp2021-54.pdfStaff Working Paper 2021-54Xu ZhangNovember 2021EE5GG0ToTEM 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 2021EE5GG0Monetary 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 2021EE2E4E43E44E5E52E6E62E63HH3H6H63