Paul Beaudry - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T10:56:04+00:00Economic progress report: Are we entering a new era of higher interest rates?
https://www.bankofcanada.ca/2023/06/entering-new-era-higher-interest-rates/
Deputy Governor Paul Beaudry discusses the latest interest rate decision and suggests reasons why longer-term interest rates could remain higher than they were before the pandemic.2023-06-08T15:10:56+00:00Economic progress report: Are we entering a new era of higher interest rates?2023-06-08Paul BeaudryAdjusting to higher interest rates
https://www.bankofcanada.ca/2023/06/adjusting-to-higher-interest-rates/
Speaking a day after we raised interest rates, Deputy Governor Paul Beaudry talks about what Governing Council considered in its decision. He also suggests reasons why long-term interest rates could remain higher than they were before the COVID-19 pandemic.2023-06-08T15:10:08+00:00Adjusting to higher interest rates2023-06-08Paul BeaudryFinancial System Review—2023
https://www.bankofcanada.ca/2023/05/financial-system-review-2023/
The adjustment to higher interest rates is exposing vulnerabilities in the global financial system. Recent banking sector stresses serve as a reminder that risks can arise and spread quickly. Key areas of concern are bank funding, liquidity in fixed income markets, and households’ ability to service their debts. Other financial system concerns relate to cyber attacks, climate change and cryptoasset markets.2023-05-18T10:00:53+00:00enFinancial System Review—20232023-05-18Our commitment to 2% inflation
https://www.bankofcanada.ca/2023/02/our-commitment-to-2-inflation/
Deputy Governor Paul Beaudry explains why the 2% target remains the centrepiece of the Bank of Canada’s inflation-targeting framework.2023-02-16T18:35:33+00:00Our commitment to 2% inflation2023-02-16Paul BeaudryNo two ways about it: Why the Bank is committed to getting back to 2%
https://www.bankofcanada.ca/2023/02/no-two-ways-about-it-why-bank-committed-getting-back-to-2/
Deputy Governor Paul Beaudry discusses the benefits of being near the Bank’s 2% inflation target and the dangers of straying from it for too long.2023-02-16T17:55:05+00:00No two ways about it: Why the Bank is committed to getting back to 2%2023-02-16Paul BeaudryGazing at r-star: A Hysteresis Perspective
https://www.bankofcanada.ca/2023/01/staff-working-paper-2023-5/
Many explanations for the decline in real interest rates over the last 30 years point to the role that population aging or rising income inequality plays in increasing the long-run aggregate demand for assets. Notwithstanding the importance of such factors, the starting point of this paper is to show that the major change driving household asset demand over this period is instead an increased desire—for a given age and income level—to hold assets.2023-01-12T09:46:25+00:00enGazing at r-star: A Hysteresis Perspective2023-01-12Economic modelsFiscal policyInflation and pricesInflation targetsInterest ratesMonetary policyMonetary policy frameworkStaff Working Paper 2023-5https://www.bankofcanada.ca/wp-content/uploads/2023/01/swp2023-5.pdfGazing at r-star: A Hysteresis PerspectivePaul BeaudryKatya KartashovaCésaire MehJanuary 2023EE2E21E3E31E4E43E5E52E58E6E62GG5G51HH6The Central Bank’s Dilemma: Look Through Supply Shocks or Control Inflation Expectations?
https://www.bankofcanada.ca/2022/09/staff-working-paper-2022-41/
When countries are hit by supply shocks, central banks often face the dilemma of either looking through such shocks or reacting to them to ensure that inflation expectations remain anchored. In this paper, we propose a tractable framework to capture this dilemma and then explore optimal policy under a range of assumptions about how expectations are formed.2022-09-20T15:30:42+00:00enThe Central Bank’s Dilemma: Look Through Supply Shocks or Control Inflation Expectations?2022-09-20Central bank researchEconomic modelsInflation and pricesMonetary policyMonetary policy and uncertaintyMonetary policy communicationsStaff Working Paper 2022-41https://www.bankofcanada.ca/wp-content/uploads/2022/09/swp2022-41.pdfStaff Working Paper 2022-41Paul BeaudryThomas J. CarterAmartya LahiriSeptember 2022EE1E12E2E24E3E31E5E52E58E6E65Macroeconomics of the 2020s: What we’ve learned, and what’s to come
https://www.bankofcanada.ca/2022/09/macroeconomics-2020s-what-weve-learned-whats-to-come/
Deputy Governor Paul Beaudry discusses the macroeconomic lessons we’ve learned during the COVID-19 pandemic, and what lies ahead to bring inflation back to target.2022-09-20T15:30:21+00:00Macroeconomics of the 2020s: What we’ve learned, and what’s to come2022-09-20Paul BeaudryAnatomy of a pandemic: Applying old lessons and learning from new ones
https://www.bankofcanada.ca/2022/09/anatomy-of-a-pandemic-applying-old-lessons-and-learning-from-new-ones/
Deputy Governor Paul Beaudry describes how the lessons learned from previous economic crises helped central bankers during the global COVID-19 pandemic. He also talks about how managing inflation expectations can help bring inflation back to target.2022-09-20T08:19:33+00:00Anatomy of a pandemic: Applying old lessons and learning from new ones2022-09-20Paul BeaudryFinancial System Review—2022
https://www.bankofcanada.ca/2022/06/financial-system-review-2022/
The Canadian financial system remains resilient, but vulnerabilities have become more complex and risks have grown. The Bank is carefully watching households’ high levels of mortgage debt, as well as the risks associated with a price correction in Canada’s housing market.2022-06-09T10:00:28+00:00enFinancial System Review—20222022-06-09