Posts

• Supporting the Transition to Net-Zero Emissions: The Evolving Role of Central Banks

  Staff Discussion Paper 2023-31 Karen McGuinness

  While climate change was largely tackled by government policies in the past, central banks are increasingly grappling with the risks climate change poses. They are evaluating their operational policies to reflect these risks and the transition to a net-zero economy. This paper explores the trade-offs and considerations central banks face.

  Content Type(s): Staff research, Staff discussion papers Topic(s): Central bank research, Climate change, Financial markets JEL Code(s): D, D5, D53, E, E5, E58, E6, E63, G, G3, G32, Q, Q5, Q54
• December 15, 2023

  Speech by Tiff Macklem, Governor of the Bank of Canada

  On Friday, December 15, 2023, Tiff Macklem, Governor of the Bank of Canada, will speak before the Canadian Club Toronto.

  Content Type(s): Press, Media advisories
• December 15, 2023

  Lessons learned and looking ahead

  Speech summary Tiff Macklem Canadian Club Toronto Toronto, Ontario

  In his year-end remarks, Governor Tiff Macklem discusses how lessons learned from recent economic volatility are reshaping the way the Bank of Canada conducts economic analysis and communicates with the public.

  Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Economic models, Expectations, Inflation and prices, Inflation: costs and benefits, Interest rates, Labour markets, Monetary policy, Monetary policy and uncertainty, Monetary policy communications, Monetary policy transmission, Price stability
• December 15, 2023

  Bank of Canada announces changes to communications of interest rate decisions

  The Bank of Canada today announced changes to its procedures for communicating monetary policy decisions, which will take effect in 2024.

  Content Type(s): Press, Market notices
• December 15, 2023

  The path to price stability

  Remarks Tiff Macklem Canadian Club Toronto Toronto, Ontario

  Governor Tiff Macklem discusses how the economy will continue to adjust to higher interest rates in the year ahead, and outlines what Canadians can expect from the Bank of Canada.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Economic models, Expectations, Inflation and prices, Inflation: costs and benefits, Interest rates, Labour markets, Monetary policy, Monetary policy and uncertainty, Monetary policy communications, Monetary policy transmission, Price stability
• December 15, 2023

  Bank of Canada Media Interview – Globe and Mail

  Tiff Macklem, Governor of the Bank of Canada, gave an interview today to David Parkinson and Mark Rendell of the Globe and Mail.

  Content Type(s): Press, Media advisories
• December 15, 2023

  Bank of Canada Media Interview – BNN Bloomberg

  Tiff Macklem, Governor of the Bank of Canada, gave an interview today to Amanda Lang of BNN Bloomberg.

  Content Type(s): Press, Media advisories
• December 11, 2023

  CARR Meeting (December 11, 2023)

  Content Type(s): Meetings Source(s): Canadian Alternative Reference Rate Working Group

• Central Bank Crisis Interventions: A Review of the Recent Literature on Potential Costs

  Staff Discussion Paper 2023-30 Patrick Aldridge, David Cimon, Rishi Vala

  Central banks’ actions to stabilize financial markets and implement monetary policy during crises may come with costs and side effects. We provide a literature review of these costs and discuss measures that may mitigate the negative impacts of crisis actions.

  Content Type(s): Staff research, Staff discussion papers Topic(s): Central bank research, Financial institutions, Financial markets, Financial stability, Lender of last resort JEL Code(s): E, E5, E58, G, G1, G10, G2, G20

• Making It Real: Bringing Research Models into Central Bank Projections

  Staff Discussion Paper 2023-29 Marc-André Gosselin, Sharon Kozicki

  Macroeconomic projections and risk analyses play an important role in guiding monetary policy decisions. Models are integral to this process. This paper discusses how the Bank of Canada brings research models and lessons learned from those models into the central bank projection environment.

  Content Type(s): Staff research, Staff discussion papers Topic(s): Economic models, Monetary policy JEL Code(s): C, C3, C32, C5, C51, E, E3, E37, E4, E47, E5, E52