Posts
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November 20, 2013
Opening Statement before the Senate Standing Committee on Banking, Trade and Commerce
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 recently. 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 through […] -
November 19, 2013
Price Puzzles and the Exchange Rate
In his speech, Price Puzzles and the Exchange Rate, Deputy Governor John Murray discusses the exchange rate pass-through and how it affects prices of goods and services in Canada. -
November 18, 2013
Risk Management and Financial Reform
Senior Deputy Governor Tiff Macklem discusses risk management and global financial reform. -
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November 14, 2013
International Macroeconomic Policy Cooperation: Challenges and Prospects
2013 Bank of Canada Annual Conference -
November 14, 2013
Monetary Policy Decision Making at the Bank of Canada
The process that the Bank of Canada follows to make its monetary policy decisions has evolved over time. This process is very information-intensive and collaborative, drawing on the expertise, judgment and analysis of many people. This article describes monetary policy decision making at the Bank, and discusses some common misconceptions about monetary policy and the process. -
November 14, 2013
Assessing Financial System Vulnerabilities: An Early Warning Approach
This article focuses on a quantitative method to identify financial system vulnerabilities, specifically, an imbalance indicator model (IIM) and its application to Canada. An IIM identifies potential vulnerabilities in a financial system by comparing current economic and financial data with data from periods leading up to past episodes of financial stress. It complements other sources of information - including market intelligence and regular monitoring of the economy - that policy-makers use to assess vulnerabilities.