Monetary policy communications - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T10:10:08+00:00The Central Bank’s Dilemma: Look Through Supply Shocks or Control Inflation Expectations?
https://www.bankofcanada.ca/2022/09/staff-working-paper-2022-41/
When countries are hit by supply shocks, central banks often face the dilemma of either looking through such shocks or reacting to them to ensure that inflation expectations remain anchored. In this paper, we propose a tractable framework to capture this dilemma and then explore optimal policy under a range of assumptions about how expectations are formed.2022-09-20T15:30:42+00:00enThe Central Bank’s Dilemma: Look Through Supply Shocks or Control Inflation Expectations?2022-09-20Central bank researchEconomic modelsInflation and pricesMonetary policyMonetary policy and uncertaintyMonetary policy communicationsStaff Working Paper 2022-41https://www.bankofcanada.ca/wp-content/uploads/2022/09/swp2022-41.pdfStaff Working Paper 2022-41Paul BeaudryThomas J. CarterAmartya LahiriSeptember 2022EE1E12E2E24E3E31E5E52E58E6E65How Do People View Price and Wage Inflation?
https://www.bankofcanada.ca/2022/07/staff-working-paper-2022-34/
This paper examines household-level data from the Canadian Survey of Consumer Expectations (CSCE) to understand households’ expectations about price and wage inflation, how those expectations link to views about labour market conditions and the subsequent impact on households’ outlook for real spending growth.2022-07-22T12:45:13+00:00enHow Do People View Price and Wage Inflation?2022-07-22Inflation and pricesMonetary policy communicationsStaff Working Paper 2022-34https://www.bankofcanada.ca/wp-content/uploads/2022/07/swp2022-34.pdfStaff Working Paper 2022-34Monica JainOlena KostyshynaXu ZhangJuly 2022CC8C83DD8D84EE2E21E24E3E31A Horse Race of Monetary Policy Regimes: An Experimental Investigation
https://www.bankofcanada.ca/2022/07/staff-working-paper-2022-33/
How should central banks design monetary policy in stable times and during recessions? We run a horse race between five monetary policy frameworks in an experimental laboratory to assess how well the different approaches can manage the public’s expectations and stabilize the economy.2022-07-15T10:06:31+00:00enA Horse Race of Monetary Policy Regimes: An Experimental Investigation2022-07-15Inflation targetsMonetary policyMonetary policy communicationsMonetary policy frameworkStaff Working Paper 2022-33https://www.bankofcanada.ca/wp-content/uploads/2022/07/swp2022-33.pdfStaff Working Paper 2022-33Olena KostyshynaLuba PetersenJing YangJuly 2022CC9DD8D84EE5E52E58The 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 GravelleMore Than Words: Fed Chairs’ Communication During Congressional Testimonies
https://www.bankofcanada.ca/2022/05/staff-working-paper-2022-20/
We measure soft information contained in the congressional testimonies of U.S. Federal Reserve Chairs and analyze its effect on financial markets. Increases in the Chair’s text-, voice-, or face-emotion indices during these testimonies generally raise stock prices and lower their volatility.2022-05-05T10:38:08+00:00enMore Than Words: Fed Chairs’ Communication During Congressional Testimonies2022-05-05Central bank researchFinancial marketsMonetary policy communicationsStaff Working Paper 2022-20https://www.bankofcanada.ca/wp-content/uploads/2022/05/swp2022-20.pdfMore Than Words: Fed Chairs’ Communication During Congressional TestimoniesMichelle AlexopoulosXinfen HanOleksiy KryvtsovXu ZhangMay 2022EE5E52E58E7E71The Bank of Canada: A matter of trust
https://www.bankofcanada.ca/2022/05/bank-canada-matter-trust/
Senior Deputy Governor Carolyn Rogers discusses how the Bank of Canada’s independence and accountability help build public trust.2022-05-03T12:45:12+00:00The Bank of Canada: A matter of trust2022-05-03Carolyn RogersEarning the trust of Canadians
https://www.bankofcanada.ca/2022/05/earning-the-trust-of-canadians/
In her first speech with the Bank of Canada, Senior Deputy Governor Carolyn Rogers talks about how independence and accountability help the Bank build and maintain trust.2022-05-03T07:17:04+00:00Earning the trust of Canadians2022-05-03Carolyn RogersEconomic progress report: Controlling inflation
https://www.bankofcanada.ca/2022/03/economic-progress-report-controlling-inflation/
Bank of Canada Governor Tiff Macklem talks about the Bank’s latest interest rate announcement and what’s driving inflation in Canada. He also discusses how the Bank will manage the next step in the Bank’s balance sheet operations – quantitative tightening.2022-03-03T11:30:43+00:00Economic progress report: Controlling inflation2022-03-03Tiff MacklemGetting inflation back to target
https://www.bankofcanada.ca/2022/03/getting-inflation-back-to-target/
Governor Tiff Macklem talks about the Bank of Canada’s decision yesterday to raise its policy interest rate. He explains that after two years of extraordinary stimulus, we are now on a path of rising interest rates.2022-03-03T11:30:41+00:00Getting inflation back to target2022-03-03Tiff Macklem