Posts
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June 24, 2026
Panel with Carolyn Rogers, Senior Deputy Governor of the Bank of Canada
On Wednesday, June 24, 2026, Carolyn Rogers, Senior Deputy Governor of the Bank of Canada, will participate in a panel at the Point Zero Forum in Zurich, Switzerland. -
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June 23, 2026
Speech by Tiff Macklem, Governor of the Bank of Canada
On Tuesday, June 23, 2026, Tiff Macklem, Governor of the Bank of Canada, will speak before the France-Canada Chamber of commerce and Paris Europlace. -
June 23, 2026
Adjusting for growth and resilience
Governor Tiff Macklem explains how financial risks could mix with uneven trade and investment to weaken the international system. -
June 23, 2026
Global imbalances, growth and stability
Governor Tiff Macklem talks about how financial risks could combine with global imbalances to weaken the international system and outlines the adjustments needed to keep it strong. -
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June 18, 2026
International Conference on Payments and Securities Settlement
The Deutsche Bundesbank will host the “International Conference on Payments and Securities Settlement” at its Conference Center in Eltville, Germany on 18 and 19 June 2026. -
Data Externalities, Market Power, and the Optimal Design of Central Bank Digital Currencies
This paper studies how a central bank should design a CBDC when private payment providers collect and monetize transaction data. It characterizes the optimal CBDC’s pricing and data policy, and shows how its effects on private payment use and total data depend on market power and data externalities. -
Measuring the AI Economy
We construct a macroeconomic estimate of total AI production in the United States, combining inference and R&D/training activities with quality adjustments to account for algorithmic progress. We then develop a nascent framework for "AI GDP" that tracks the AI economy as a coherent whole, complementing traditional national accounts.