International topics - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T06:31:38+00:00Putting the resolute in resolutions: Looking ahead to lower inflation
https://www.bankofcanada.ca/2022/12/putting-resolute-resolutions-looking-ahead-lower-inflation/
Bank of Canada Governor Tiff Macklem discusses the important lessons from 2022 and explains what the Bank is doing to restore price stability for Canadians.2022-12-12T15:25:05+00:00Putting the resolute in resolutions: Looking ahead to lower inflation2022-12-12Tiff MacklemReflections on 2022
https://www.bankofcanada.ca/2022/12/reflections-on-2022/
Governor Tiff Macklem discusses the important lessons from events in 2022 and what the Bank is doing to restore price stability for Canadians.2022-12-12T11:02:19+00:00Reflections on 20222022-12-12Tiff MacklemStagflation and Topsy-Turvy Capital Flows
https://www.bankofcanada.ca/2022/11/staff-working-paper-2022-46/
Unregulated capital flows are likely excessive during a stagflation episode, owing to a macroeconomic externality operating through the economy’s supply side. Inflows raise domestic wages and cause unwelcome upward pressure on firm costs, yet market forces likely generate such inflows. Optimal capital flow management instead requires net outflows.2022-11-10T10:24:04+00:00enStagflation and Topsy-Turvy Capital Flows2022-11-10Inflation and pricesInternational financial marketsInternational topicsMonetary policyStaff Working Paper 2022-46https://www.bankofcanada.ca/wp-content/uploads/2022/11/swp2022-46.pdfStaff Working Paper 2022-46Julien BenguiLouphou CoulibalyNovember 2022DD6D62EE5E52FF3F32F38F4F41Fiscal Policy in the Age of COVID-19: Does It “Get in All of the Cracks”?
https://www.bankofcanada.ca/2022/11/staff-working-paper-2022-45/
The COVID-19 pandemic has caused an atypical recession in which some sectors of the economy boomed and others collapsed. This required a unique fiscal policy reaction to both support firms and stimulate activity in sectors with slack. Was fiscal policy able to get where it was needed? Mostly, yes.2022-11-07T12:55:12+00:00enFiscal Policy in the Age of COVID-19: Does It “Get in All of the Cracks”?2022-11-07Coronavirus disease (COVID-19)Firm dynamicsFiscal policyInternational topicsStaff Working Paper 2022-45https://www.bankofcanada.ca/wp-content/uploads/2022/11/swp2022-45.pdfStaff Working Paper 2022-45Pierre-Olivier GourinchasŞebnem Kalemli-ÖzcanVeronika PenciakovaNicholas SanderNovember 2022DD5D57EE6E62FF4F41Macroeconomics of the 2020s: What we’ve learned, and what’s to come
https://www.bankofcanada.ca/2022/09/macroeconomics-2020s-what-weve-learned-whats-to-come/
Deputy Governor Paul Beaudry discusses the macroeconomic lessons we’ve learned during the COVID-19 pandemic, and what lies ahead to bring inflation back to target.2022-09-20T15:30:21+00:00Macroeconomics of the 2020s: What we’ve learned, and what’s to come2022-09-20Paul BeaudryAnatomy of a pandemic: Applying old lessons and learning from new ones
https://www.bankofcanada.ca/2022/09/anatomy-of-a-pandemic-applying-old-lessons-and-learning-from-new-ones/
Deputy Governor Paul Beaudry describes how the lessons learned from previous economic crises helped central bankers during the global COVID-19 pandemic. He also talks about how managing inflation expectations can help bring inflation back to target.2022-09-20T08:19:33+00:00Anatomy of a pandemic: Applying old lessons and learning from new ones2022-09-20Paul BeaudryInternational Transmission of Quantitative Easing Policies: Evidence from Canada
https://www.bankofcanada.ca/2022/06/staff-working-paper-2022-30/
This paper examines the cross-border spillovers from major economies’ quantitative easing (QE) policies to their trading partners. We concentrate on spillovers from the US to Canada during the zero lower bound period when QE policies were actively used.2022-06-30T07:51:33+00:00enInternational Transmission of Quantitative Easing Policies: Evidence from Canada2022-06-30Business fluctuations and cyclesInternational topicsMonetary policy transmissionStaff Working Paper 2022-30https://www.bankofcanada.ca/wp-content/uploads/2022/06/swp2022-30.pdfInternational Transmission of Quantitative Easing Policies: Evidence from CanadaSerdar KabacaKerem TuzcuogluJune 2022EE5E52FF4F41F44Foreign Exchange Interventions: The Long and the Short of It
https://www.bankofcanada.ca/2022/06/staff-working-paper-2022-25/
This paper studies the effects of foreign exchange (FX) interventions in a two-region model where governments issue both short- and long-term bonds. We find that the term premium channel dominates the trade balance channel in our calibrated model. As a result, the conventional beggar-thy-neighbor effects of interventions are overturned.2022-06-06T15:10:58+00:00enForeign Exchange Interventions: The Long and the Short of It2022-06-06Business fluctuations and cyclesExchange rate regimesExchange ratesForeign reserves managementInternational financial marketsInternational topicsStaff Working Paper 2022-25https://www.bankofcanada.ca/wp-content/uploads/2022/06/swp2022-25.pdfForeign Exchange Interventions: The Long and the Short of ItPatrick AlexanderSami AlpandaSerdar KabacaJune 2022FF3F31F33F4F41The perfect storm
https://www.bankofcanada.ca/2022/05/the-perfect-storm/
Deputy Governor Toni Gravelle discusses the commodity price shock and its implications for the Canadian economy and monetary policy.2022-05-12T11:50:56+00:00The perfect storm2022-05-12Toni GravelleHow commodity prices affect our economy
https://www.bankofcanada.ca/2022/05/how-commodity-prices-affect-our-economy/
Deputy Governor Toni Gravelle talks about the spike in commodity prices over the past two years, the impact on inflation and how the Bank of Canada is responding.2022-05-12T06:58:49+00:00How commodity prices affect our economy2022-05-12Toni Gravelle