July 24, 2002
Monetary Policy Report Update – July 2002
t the time of the April Monetary Policy Report, it was evident that a robust economic recovery was underway in Canada.
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July 16, 2002
Bank of Canada raises overnight rate target by 1/4 percentage point to 2 3/4 per cent
The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 2 3/4 per cent. The operating band for the overnight rate is correspondingly increased, and the Bank Rate is now 3 per cent. -
Estimates of the Sticky-Information Phillips Curve for the United States, Canada, and the United Kingdom
Mankiw and Reis (2001a) have proposed a "sticky-information"-based Phillips curve (SIPC) to address some of the concerns with the "sticky-price"-based new Keynesian Phillips curve. -
Estimated DGE Models and Forecasting Accuracy: A Preliminary Investigation with Canadian Data
This paper applies the hybrid dynamic general-equilibrium, vector autoregressive (DGE-VAR) model developed by Ireland (1999) to Canadian time series. -
June 12, 2002
Bank of Canada Announces Appointment of Special Adviser
The Bank of Canada today announced the appointment of Andrew Spence to the visiting economist position of Special Adviser for a one-year term. Mr. Spence will be taking leave from his current position as Global Head, Currency and Credit Markets Research with TD Securities, as of September 2002. -
June 11, 2002
Trust, Transparency, and Financial Markets
But first, I would like to address an important subject; that is, how to promote the efficient operation of Canada's financial markets. Rather than approaching this topic in a detailed, technical way, I want to speak about two qualities that are essential to their efficient operation: trust and transparency. -
June 11, 2002
Bank of Canada Governor says trust and transparency crucial for financial markets
Canadian financial markets need trust and transparency to operate most efficiently, Bank of Canada Governor David Dodge said today in a speech to the Greater Halifax Partnership. Mr. Dodge said that the Bank of Canada's reliance on trust and transparency shows why these qualities are also important to the private sector. -
June 10, 2002
Summer Consultations - Market Views Sought on Issues Relating to the Design and Operation of Government Debt Programs over 2002/03 and Beyond
A consultation document on issues relating to the design and operation of the government debt programs for fiscal year 2002/03 and beyond, prepared jointly by the Department of Finance and the Bank of Canada as its fiscal agent, is being made public today. -
June 10, 2002
Summer Consultations
Overview The purpose of these consultations is to obtain market views on issues relating to the design and operation of government debt programs for fiscal 2002/03 and beyond. The fundamental objectives of the federal debt strategy are to provide stable, low-cost funding for the federal government and to maintain and enhance a well-functioning market for […] -
June 4, 2002
Bank of Canada raises overnight rate target by 1/4 percentage point to 2 1/2 per cent
The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 2 1/2 per cent. The operating band for the overnight rate is correspondingly increased, and the Bank Rate is now 2 3/4 per cent.