October 22, 2018 Seventh Public Investors ConferenceConference to be held on October, 22-23, 2018. Co-sponsored by the BIS, World Bank, Bank of Canada and Banca d'Italia.
On Thursday, March 22, 2018, Bank of Canada Senior Deputy Governor Carolyn A. Wilkins will speak before the Rotman School of Management at the University of Toronto.
Implications for signal extraction from specifying unobserved components (UC) models with correlated or orthogonal innovations have been well investigated. In contrast, the forecasting implications of specifying UC models with different state correlation structures are less well understood.
Did U.S. Consumers Respond to the 2014–2015 Oil Price Shock? Evidence from the Consumer Expenditure SurveyThe impact of oil price shocks on the U.S. economy is a topic of considerable debate. In this paper, we examine the response of U.S. consumers to the 2014–2015 negative oil price shock using representative survey data from the Consumer Expenditure Survey.
When financial system vulnerabilities are elevated, they can give rise to asymmetric risks to the economic outlook. To illustrate this, I consider the economic outlook presented in the Bank of Canada’s October 2017 Monetary Policy Report in the context of two key financial system vulnerabilities: high levels of household indebtedness and housing market imbalances.