April 23, 2002
Uncategorized
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April 16, 2002
Bank of Canada raises overnight rate target by 1/4 percentage point to 2 1/4 per cent
The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 2 1/4 per cent. The operating band for the overnight rate is correspondingly increased, and the Bank Rate is now 2 1/2 per cent. -
Risk, Entropy, and the Transformation of Distributions
The exponential family, relative entropy, and distortion are methods of transforming probability distributions. We establish a link between those methods, focusing on the relation between relative entropy and distortion. -
La fiabilité des estimations de l'écart de production au Canada
In this paper, we measure, with Canadian data, the scope of the revisions to real-time estimates of the output gap generated with several univariate and multivariate techniques. We also make an empirical evaluation of the usefulness of the output gap estimates for predicting inflation. -
March 26, 2002
The Conduct of Monetary Policy in the Presence of Economic Shocks
Globalization - the trend towards greater economic integration around the world - has brought important benefits to us all. It has boosted world trade, opened up access to sources of global finance, and facilitated the diffusion of far-reaching technological advances in transportation, communications, and information processing. -
March 14, 2002
Debt Strategy Market Consultations—2002-03: Summary of Comments
In January 2002, officials from the Department of Finance and the Bank of Canada sought views of Government Securities Distributors and investors on a number of issues related to the domestic debt program as part of the development of the Debt Strategy 2002-03 and in keeping with the Government's ongoing commitment to consult with market […] -
March 14, 2002
Debt Strategy Market Consultations - 2002-03: Summary of Comments
In January 2002, officials from the Department of Finance and the Bank of Canada sought views of Government Securities Distributors and investors on a number of issues related to the domestic debt program as part of the development of the Debt Strategy 2002-03 and in keeping with the Government's ongoing commitment to consult with market participants. -
March 12, 2002
Bank of Canada Governor Reviews Canadian Monetary Policy Choices
In particular, the Governor discussed how the Bank of Canada aims to promote economic growth by means of a monetary policy symmetrically focused on a 2 per cent inflation target. "We pay equal attention to any significant movement away from 2 per cent - whether above or below," Mr. Dodge said. In contrast, the European Central Bank has an inflation-control ceiling of 2 per cent, he noted. -
March 12, 2002
Monetary Policy Choices: The Canadian Experience
Over the years, both Canada and France have had to make decisions about the framework guiding monetary policy. The authorities in the two countries have made choices that reflect the differences in our economies. -
March 5, 2002
Bank of Canada keeps target for the overnight rate at 2 per cent
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 2 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 2 1/4 per cent.