November 7, 2013
Stephen S. Poloz - Latest
-
-
October 29, 2013
Opening Statement before the House of Commons Standing Committee on Finance
Thank you for the opportunity for Tiff and me to be with you today to discuss the October Monetary Policy Report, which the Bank published last week. The Bank aims to communicate our objectives openly and effectively and to stand accountable for our actions before Canadians. One of the best ways to do this is […] -
October 23, 2013
Release of the Monetary Policy Report
Press conference following the release of the Monetary Policy Report. -
September 18, 2013
Returning to Natural Economic Growth
Bank of Canada Governor Stephen S. Poloz discusses the preconditions for a return to natural economic growth for Canada. -
July 17, 2013
Release of the Monetary Policy Report
Press conference following the release of the Monetary Policy Report. -
June 19, 2013
Reconstruction: Rebuilding Business Confidence in Canada
Bank of Canada Governor Stephen S. Poloz discusses the structural damage to the Canadian economy caused by the crisis, and the need to rebuild Canada’s economic capacity and strengthen business confidence. -
June 6, 2013
Opening Statement before the House of Commons Standing Committee on Finance
Bank of Canada Governor Stephen S. Poloz discusses the current economic context and how that is influencing the Bank’s work of delivering confidence. -
The Commodity-Price Cycle and Regional Economic Performance in Canada
This paper attempts to provide one interpretation of the broad regional economic history of Canada since the early 1970s. As the title of the paper suggests, we believe that, to a significant degree, regional diversity in economic performance reflects movements in Canada's terms of trade, which very frequently are tied to developments in world commodity markets. -
November 9, 1994
The Bank of Canada's new Quarterly Projection Model (QPM): An introduction
This article provides an overview of the Bank of Canada's new economic model, the Quarterly Projection Model (QPM), which has been under development at the Bank since 1989. The model has two roles. It is used to make economic projections, which are conducted quarterly and form an important basis for discussions of monetary policy between staff and senior management. QPM is also a research tool: it was developed to analyse important changes to the economy or macroeconomic policies which require a deeper understanding of long-term economic forces. The model pays particular attention to factors shaping long-term equilibrium, such as stocks of wealth, capital, government debt and net foreign assets. Various sources of dynamics, including the adjustment of forward-looking expectations, operate to determine the transition path to equilibrium and the consistency of expectations. The article discusses the history of QPM and earlier economic models at the Bank, and provides a simple overview of how the model works. -
The Causes of Unemployment in Canada: A Review of the Evidence
This paper reviews various competing theories of structural unemployment and considers whether they may be used to explain any of the rise in unemployment experienced by Canada during the most recent economic cycle.