Uncategorized
-
-
April 24, 2016
Workshop on Commodity Cycles and their Implications
Workshop held on 24 and 25 April 2016 (papers in unedited, electronic format only) -
-
What to Expect When China Liberalizes Its Capital Account
When China joined the World Trade Organization in December 2001, it marked a watershed for the world economy. Ten years from now, the opening of China’s capital account and the financial integration that will unfold will be viewed as a milestone of similar importance. -
April 22, 2016
Bank of Canada Announces Change in Communication Process for Term Repo Operations
The Bank of Canada today announced changes to its communication process for term repo operations. -
Should Monetary Policy Lean Against Housing Market Booms?
Should monetary policy lean against housing market booms? We approach this question using a small-scale, regime-switching New Keynesian model, where housing market crashes arrive with a logit probability that depends on the level of household debt. -
April 20, 2016
Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce
Good morning, Mr. Chairman and committee members. Senior Deputy Governor Wilkins and I are happy to be back to discuss the Bank’s Monetary Policy Report (MPR), which we published last week. It has been 18 months since Carolyn and I were last here. And it was about that time, in the fall of 2014, when […] -
April 19, 2016
Opening Statement before the House of Commons Standing Committee on Finance
Good morning, Mr. Chairman and committee members. Senior Deputy Governor Wilkins and I are happy to be back to discuss the Bank’s Monetary Policy Report (MPR), which we published last week. I extend particular greetings to the new members of this committee, and look forward to being with you twice a year to talk about […] -
A General Approach to Recovering Market Expectations from Futures Prices with an Application to Crude Oil
Futures markets are a potentially valuable source of information about price expectations. Exploiting this information has proved difficult in practice, because time-varying risk premia often render the futures price a poor measure of the market expectation of the price of the underlying asset. -
April 17, 2016
Digital Disruptions to the Financial System, Opportunities and Threats
Archived panel discussion at the International Monetary Fund seminar.