Uncategorized

• October 17, 2006

  Bank of Canada keeps target for the overnight rate at 4 1/4 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is maintaining its target for the overnight rate at 4 1/4 per cent.

  Content Type(s): Press, Press releases
• October 6, 2006

  Business Outlook Survey - Autumn 2006

  Overall, businesses continue to be positive about the economic outlook.

  Content Type(s): Publications, Business Outlook Survey

• Conditioning Information and Variance Bounds on Pricing Kernels with Higher-Order Moments: Theory and Evidence

  Staff Working Paper 2006-38 Fousseni Chabi-Yo

  The author develops a strategy for utilizing higher moments and conditioning information efficiently, and hence improves on the variance bounds computed by Hansen and Jagannathan (1991, the HJ bound) and Gallant, Hansen, and Tauchen (1990, the GHT bound).

  Content Type(s): Staff research, Staff working papers Research Topic(s): Financial markets, Market structure and pricing JEL Code(s): C, C6, C61, G, G1, G12, G13
• September 13, 2006

  Weathering Economic Shocks: The Importance of Flexibility

  Remarks Paul Jenkins Vancouver Board of Trade Vancouver, British Columbia

  First, I should explain what I mean by flexibility. As most of you are surely aware, the Bank of Canada has been openly discussing the importance of promoting policies that support economic efficiency, including financial system efficiency. Efficiency refers to the allocation of scarce economic resources to the most productive uses, in a cost-effective way.

  Content Type(s): Press, Speeches and appearances, Remarks
• September 8, 2006

  Dynamic Models Useful for Policy Making

  Conference held on 8 and 9 September 2006 (papers in unedited, electronic format only)

  Content Type(s): Conferences and workshops
• September 7, 2006

  Net Position Reports - Formal Recommendation from the Bank of Canada

  The Bank of Canada announced today that it has sent the following letter to the Investment Dealers Association of Canada.

  Content Type(s): Press, Market notices
• September 6, 2006

  Bank of Canada keeps target for the overnight rate at 4 1/4 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is maintaining its target for the overnight rate at 4 1/4 per cent.

  Content Type(s): Press, Press releases

• The Macroeconomic Effects of Non-Zero Trend Inflation

  Staff Working Paper 2006-34 Robert Amano, Steve Ambler, Nooman Rebei

  The authors study the macroeconomic effects of non-zero trend inflation in a simple dynamic stochastic general-equilibrium model with sticky prices.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Business fluctuations and cycles, Economic models, Inflation and prices, Inflation targets JEL Code(s): E, E2, E24, E3, E32

• Are Canadian Banks Efficient? A Canada–U.S. Comparison

  Staff Working Paper 2006-33 Jason Allen, Walter Engert, Ying Liu

  The authors compare the efficiency of Canada's largest banks with U.S. commercial banks over the past 20 years. Efficiency is measured in three ways.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Financial institutions JEL Code(s): C, C3, C33, D, D2, D24, G, G2, G21

• Assessing and Valuing the Non-Linear Structure of Hedge Fund Returns

  Staff Working Paper 2006-31 Antonio Diez de los Rios, René Garcia

  Several studies have put forward the non-linear structure and option-like features of returns associated with hedge fund strategies.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Econometric and statistical methods, Financial institutions JEL Code(s): C, C1, C5, G, G1