Posts

• November 27, 2024

  Learning more about Indigenous economies

  

  Indigenous businesses make a valuable contribution to Canada’s economy, but we still have much to learn about what makes them distinct.

  Content Type(s): Publications, The Economy, Plain and Simple Research Topic(s): Inflation and prices
• November 26, 2024

  Island Morning, CBC Radio

  

  Rhys Mendes, Deputy Governor of the Bank
  Interview with the Island Morning on CBC Radio

  Content Type(s): Press, Media activities

• Is This Normal? The Cost of Assuming that Derivatives Have Normal Returns

  Staff Working Paper 2024-46 Radoslav Raykov

  Derivatives exchanges often determine collateral requirements, which are fundamental to market safety, with dated risk models assuming normal returns. However, derivatives returns are heavy-tailed, which leads to the systematic under-collection of collateral (margin). This paper uses extreme value theory (EVT) to evaluate the cost of this margin inadequacy to market participants in the event of default.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Financial institutions, Financial stability JEL Code(s): G, G1, G10, G11, G2, G20
• November 26, 2024

  Speech by Rhys Mendes, Deputy Governor of the Bank of Canada

  On Tuesday, November 26, 2024, Rhys Mendes, Deputy Governor of the Bank of Canada, will speak before the Greater Charlottetown Area Chamber of Commerce.

  Content Type(s): Press, Media advisories
• November 26, 2024

  Keeping inflation at 2%

  Speech summary Rhys R. Mendes Greater Charlottetown Area Chamber of Commerce Charlottetown, Prince Edward Island

  In his first public speech as a deputy governor, Rhys Mendes explains why higher interest rates were needed to get inflation back down to the 2% target and why we want it to stay there.

  Content Type(s): Press, Speeches and appearances, Speech summaries Research Topic(s): Credibility, Expectations, Inflation and prices, Inflation targets, Interest rates, Monetary policy, Monetary policy communications, Price stability
• November 26, 2024

  Sticking the landing: Keeping inflation at 2%

  Remarks Rhys R. Mendes Greater Charlottetown Area Chamber of Commerce Charlottetown, Prince Edward Island

  Deputy Governor Rhys Mendes discusses how monetary policy worked to bring inflation back down to target and why the Bank wants inflation to stay close to 2%.

  Content Type(s): Press, Speeches and appearances, Remarks Research Topic(s): Credibility, Expectations, Inflation and prices, Inflation targets, Interest rates, Monetary policy, Monetary policy communications, Price stability
• November 26, 2024

  Bank of Canada Media Interview – CBC Radio

  Rhys Mendes, Deputy Governor of the Bank of Canada, was interviewed on CBC’s radio show Island Morning.

  Content Type(s): Press, Media advisories
• November 25, 2024

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

  Media Relations Ottawa, Ontario

  The Bank of Canada has announced the six finalist teams in the 2024-25 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, Press releases Source(s): The Governor's Challenge

• Preferences, Monetary Policy and Household Inflation

  Staff Working Paper 2024-45 Geoffrey R. Dunbar

  I quantify the importance of changes in household preferences on household inflation rates using 11 years of scanner data for 11,000 US households. My results suggest that changes in household preferences are an important driver of inflation dynamics at the household level.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Inflation and prices, Monetary policy transmission JEL Code(s): D, D1, D12, E, E5, E52, E58
• November 19, 2024

  CFIF Meeting (November 19, 2024)

  Content Type(s): Meetings Source(s): Canadian Fixed-Income Forum