Recent economic and financial developments - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T10:20:26+00:00News-Driven International Credit Cycles
https://www.bankofcanada.ca/2021/12/staff-working-paper-2021-66/
This paper examines the implications of positive news about future asset values that turn out to be incorrect at a later date in an open economy model with banking. The model captures the patterns of bank credit and current account dynamics in Spain between 2000 and 2010. The model finds that the use of unconventional policies leads to a milder bust.2021-12-23T13:31:43+00:00enNews-Driven International Credit Cycles2021-12-23Credit and credit aggregatesEconomic modelsFinancial stabilityRecent economic and financial developmentsSectoral balance sheetStaff Working Paper 2021-66https://www.bankofcanada.ca/wp-content/uploads/2021/12/swp2021-66.pdfStaff Working Paper 2021-66Galip Kemal OzhanDecember 2021EE4E44FF3F32F4F41GG1G15G2G21Building on success
https://www.bankofcanada.ca/2021/12/building-on-success/
Governor Tiff Macklem speaks about the Bank of Canada’s monetary policy framework review and the agreement between the Government of Canada and the Bank to renew the 2 percent inflation target.2021-12-15T12:00:05+00:00Building on success2021-12-15Tiff MacklemOur monetary policy framework: Continuity, clarity and commitment
https://www.bankofcanada.ca/2021/12/monetary-policy-framework-continuity-clarity-and-commitment/
Governor Tiff Macklem discusses the Bank of Canada’s renewed monetary policy framework. He reviews Canada’s experience with flexible inflation targeting and explains why the Bank and the Government of Canada agreed to renew the 2 percent inflation target.2021-12-15T08:38:54+00:00Our monetary policy framework: Continuity, clarity and commitment2021-12-15Tiff MacklemKeeping 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 GravelleThe COVID-19 Consumption Game-Changer: Evidence from a Large-Scale Multi-Country Survey
https://www.bankofcanada.ca/2021/11/staff-working-paper-2021-57/
A multi-country consumer survey investigates why and how much households decreased their consumption in five key sectors after pandemic-related restrictions were lifted in Europe in July 2020. Beyond infection risk and precautionary saving motives, households also reported not missing some consumption items, which may indicate preference shifts and structural changes in the post-COVID-19 economy.2021-11-18T09:52:37+00:00enThe COVID-19 Consumption Game-Changer: Evidence from a Large-Scale Multi-Country Survey2021-11-18Coronavirus disease (COVID-19)Domestic demand and componentsFirm dynamicsFiscal policyRecent economic and financial developmentsStaff Working Paper 2021-57https://www.bankofcanada.ca/wp-content/uploads/2021/11/swp2021-57.pdfThe COVID-19 Consumption Game-Changer: Evidence from a Large-Scale Multi-Country SurveyAlexander HodbodCars HommesStefanie J. HuberIsabelle SalleNovember 2021DD1D12D8D81D84EE2E21E6E60E7E71Payment Habits During COVID-19: Evidence from High-Frequency Transaction Data
https://www.bankofcanada.ca/2021/09/staff-working-paper-2021-43/
We examine how consumers have adjusted their payment habits during the COVID-19 pandemic. They seem to perform fewer transactions, spend more in each transaction, use less cash at the point of sale and withdraw cash from ATMs linked to their financial institution more often than from other ATMs.2021-09-10T09:14:25+00:00enPayment Habits During COVID-19: Evidence from High-Frequency Transaction Data2021-09-10Coronavirus disease (COVID-19)Domestic demand and componentsPayment clearing and settlement systemsRecent economic and financial developmentsStaff Working Paper 2021-43https://www.bankofcanada.ca/wp-content/uploads/2021/09/swp2021-43.pdfPayment Habits During COVID-19: Evidence from High-Frequency Transaction DataTatjana DahlhausAngelika WelteSeptember 2021CC2C22C5C55DD1D12EE2E21E4E42E5E52Monetary policy as the recovery progresses
https://www.bankofcanada.ca/2021/09/monetary-policy-as-the-recovery-progresses/
Governor Tiff Macklem talks about the Bank of Canada’s decision yesterday to leave the policy rate unchanged. He also talks about how the Bank could adjust monetary policy once the economy needs less support.2021-09-09T12:00:31+00:00Monetary policy as the recovery progresses2021-09-09Tiff MacklemEconomic progress report: Monetary policy for the recovery
https://www.bankofcanada.ca/2021/09/economic-progress-report-monetary-policy-recovery/
Bank of Canada Governor Tiff Macklem talks about the Bank’s latest interest rate announcement and discusses how the Bank could adjust monetary policy and its quantitative easing program as the recovery progresses.2021-09-09T09:00:37+00:00Economic progress report: Monetary policy for the recovery2021-09-09Tiff MacklemHousehold financial vulnerabilities and physical climate risks
https://www.bankofcanada.ca/2021/08/staff-analytical-note-2021-19/
Natural disasters occur more often than before, potentially exposing households to financial distress. We study the intersection between household financial vulnerabilities and severe weather events.2021-08-23T13:00:51+00:00enHousehold financial vulnerabilities and physical climate risks2021-08-23