February 4, 2005
Uncategorized
-
-
State-Dependent or Time-Dependent Pricing: Does It Matter for Recent U.S. Inflation?
Inflation equals the product of two terms: an extensive margin (the fraction of items with price changes) and an intensive margin (the average size of those changes). -
Pre-Bid Run-Ups Ahead of Canadian Takeovers: How Big Is the Problem?
The authors study the price - volume dynamics ahead of the first public announcement of a takeover for 420 Canadian firms from 1985 to 2002. -
January 30, 2005
Annual Report 2004
The Bank of Canada has played an integral role in Canadian society for 70 years. When the Bank opened its doors in the spring of 1935, this country was struggling to define itself and to survive the economic and social turmoil of the Great Depression. Like Canada’s economy, its central bank has evolved and grown over the years. It has faced critical challenges and embraced change. But the Bank’s mandate has not changed. It is now, as it was then, to provide an effective, national monetary authority for Canada. -
January 27, 2005
Release of the Monetary Policy Report Update
The outlook for the Canadian economy continues to be shaped by global developments, including the realignment of world currencies. The near-term outlook for the global economy is a touch weaker than projected in the October Report, but more solidly based because of somewhat lower oil prices and greater confidence in the momentum of the U.S. economy. -
January 27, 2005
Monetary Policy Report Update – January 2005
The adjustment of the Canadian economy to major global developments continues to shape the economic outlook. -
January 25, 2005
Bank of Canada keeps target for the overnight rate at 2 1/2 per cent
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 2 1/2 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 2 3/4 per cent. -
January 20, 2005
Bank of Canada to Upgrade $10 Bank Note
As part of its ongoing efforts to improve the security of Canadian bank notes, the Bank of Canada will issue a $10 note with upgraded security features beginning 18 May 2005. -
January 17, 2005
Business Outlook Survey - Winter 2004-05
Businesses remain positive about the economic outlook but less so than in the autumn survey. The appreciation of the Canadian dollar between the survey periods has heightened uncertainty among businesses and dampened the expectations of those adversely affected by the rising dollar.Supplemental questions on the appreciation of the Canadian dollar - Winter 2004-05
-
Self-Enforcing Labour Contracts and the Dynamics Puzzle
To properly account for the dynamics of key macroeconomic variables, researchers incorporate various internal-propagation mechanisms in their models.