Posts

• May 9, 2011

  External Review of Economic Research Activities at the Bank of Canada and its Response

  The review was conducted by an external committee of eminent academic and practising research economists. The committee was asked to gauge the quality of the Bank's research and to make recommendations for improving the Bank's research environment.
• May 6, 2011

  Monetary Policy and Resource Mobility

  Presentation Mark Carney Bank of Finland’s 200th Anniversary Conference Helsinki , Finland

  Mark Carney, Governor of the Bank of Canada, comments on “Monetary Policy and Resource Mobility,” a paper by Carl E. Walsh

  Content Type(s): Press, Speeches and appearances, Presentations

• The Behaviour of Consumer Prices Across Provinces

  Staff Discussion Paper 2011-2 Gordon Wilkinson

  Measures of core inflation enable a central bank to distinguish price movements that are transitory and generated by non-monetary events from those that are more permanent and related to prior monetary policy decisions.

  Content Type(s): Staff research, Staff discussion papers Research Topic(s): Inflation and prices JEL Code(s): E, E3, E31

• Financial Factors and Labour Market Fluctuations

  Staff Working Paper 2011-12 Yahong Zhang

  What are the effects of financial market imperfections on unemployment and vacancies? Since standard DSGE models do not typically model unemployment, they abstract from this issue.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Economic models, Financial markets, Labour markets JEL Code(s): E, E3, E32, E4, E44, J, J6
• April 13, 2011

  Release of the Monetary Policy Report

  Opening statement Mark Carney Ottawa, Ontario

  As anticipated in January, the global economic recovery is becoming more firmly entrenched and is expected to continue at a steady pace. In the United States, growth is solidifying, although consolidation of household and ultimately government balance sheets will limit the pace of the expansion.

  Content Type(s): Press, Speeches and appearances, Opening statements
• April 13, 2011

  Monetary Policy Report – April 2011

  

  This is a report of the Governing Council of the Bank of Canada: Mark Carney, Tiff Macklem, John Murray, Timothy Lane, Jean Boivin and Agathe Côté. It presents the Bank’s outlook based on data received up to 8 April 2011.

  Content Type(s): Publications, Monetary Policy Report
• April 12, 2011

  Bank of Canada maintains overnight rate target at 1 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.

  Content Type(s): Press, Press releases

• Mixed Frequency Forecasts for Chinese GDP

  Staff Working Paper 2011-11 Philipp Maier

  We evaluate different approaches for using monthly indicators to predict Chinese GDP for the current and the next quarter (‘nowcasts’ and ‘forecasts’, respectively). We use three types of mixed-frequency models, one based on an economic activity indicator (Liu et al., 2007), one based on averaging over indicator models (Stock and Watson, 2004), and a static factor model (Stock and Watson, 2002).

  Content Type(s): Staff research, Staff working papers Research Topic(s): Econometric and statistical methods, International topics JEL Code(s): C, C5, C50, C53, E, E3, E37, E4, E47
• April 4, 2011

  Senior Loan Officer Survey - First-Quarter 2011

  The survey results point to an overall net easing in business-lending conditions. Both the price and non-price aspects of business lending eased during the first quarter. Note that the balance of opinion indicates only the direction of the change in lending conditions; it does not provide information on the magnitude of the change.

  Content Type(s): Publications, Senior Loan Officer Survey
• April 4, 2011

  Business Outlook Survey - Spring 2011

  Businesses remain positive about the economic outlook, although some forward-looking indicators have eased from the levels recorded in recent surveys, and the strength in commodity prices has raised expectations for costs and inflation.

  Erratum: Please note that the legend for Chart 9 (French version only) should read as follows: au-dessus de 3 % , rather than au-dessous de 3 %

  Content Type(s): Publications, Business Outlook Survey