Posts

• December 16, 2022

  Bank notes: Backgrounders and explainers

  Get quick access to background materials, explainers and The Economy, Plain and Simple articles about bank notes.
• December 15, 2022

  CARR’s CORRA-first initiatives for derivatives to begin on January 9 - update

  The Canadian Alternative Reference Rate working group (CARR) has been laying the groundwork to ensure a smooth transition of financial products referencing the Canadian Dollar Offered Rate (CDOR).

  Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
• December 15, 2022

  News

  Find news by keyword, author, content type, location, source, topic or publication date.
• December 14, 2022

  Anti-money laundering and anti-terrorist financing controls framework

  The Bank of Canada is committed to supporting a secure, stable and resilient financial system infrastructure. This includes applying a risk-based approach to detect and deter the use of the Bank’s services and delivery channels for illegal purposes.

• Understanding Post-COVID Inflation Dynamics

  Staff working paper 2022-50 Martin Harding, Jesper Lindé, Mathias Trabandt

  We propose a macroeconomic model with a nonlinear Phillips curve that has a flat slope when inflationary pressures are subdued and steepens when inflationary pressures are elevated. Our model can generate more sizable inflation surges due to cost-push and demand shocks than a standard linearized model when inflation is high.

  Content Type(s): Staff research, Staff working papers JEL Code(s): E, E3, E30, E31, E32, E37, E4, E44, E5, E52 Research Theme(s): Models and tools, Economic models, Monetary policy, Inflation dynamics and pressures, Monetary policy framework and transmission
• December 12, 2022

  Putting the resolute in resolutions: Looking ahead to lower inflation

  Remarks Tiff Macklem Business Council of British Columbia Vancouver, British Columbia

  Bank of Canada Governor Tiff Macklem discusses the important lessons from 2022 and explains what the Bank is doing to restore price stability for Canadians.

  Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Monetary policy, Economy/Economic growth, Inflation, Inflation targeting framework
• December 12, 2022

  Reflections on 2022

  Speech summary Tiff Macklem Business Council of British Columbia Vancouver, British Columbia

  Governor Tiff Macklem discusses the important lessons from events in 2022 and what the Bank is doing to restore price stability for Canadians.

  Content Type(s): Press, Speeches and appearances, Speech summaries Subject(s): Monetary policy, Economy/Economic growth, Inflation, Inflation targeting framework
• December 12, 2022

  CARR Meeting (December 12, 2022)

  Content Type(s): Meetings Source(s): Canadian Alternative Reference Rate Working Group
• December 9, 2022

  Bank of Canada announces finalists for the eighth annual Governor’s Challenge

  The Bank of Canada has announced the five finalist teams in the 2022–23 edition of The Governor’s Challenge, a competition where university students simulate the role of advisor to the Bank’s Governing Council.

  Content Type(s): Press, Announcements Source(s): The Governor's Challenge

• Monetary Policy, Credit Constraints and SME Employment

  Staff working paper 2022-49 Julien Champagne, Émilien Gouin-Bonenfant

  We revisit an old question: how do financial constraints affect the transmission of monetary policy to the real economy? To answer this question, we propose a simple empirical strategy that combines firm-level employment and balance sheet data, identified monetary policy shocks and survey data on financing activities.

  Content Type(s): Staff research, Staff working papers JEL Code(s): E, E2, E3, E4, E43, E5, E52, G, G3 Research Theme(s): Financial system, Household and business credit, Monetary policy, Monetary policy framework and transmission, Real economy and forecasting