May 16, 2019
Lawrence L. Schembri - Latest
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Credibility, Flexibility and Renewal: The Evolution of Inflation Targeting in Canada
In 1991, Canada became the second country to adopt an inflation target as a central pillar of its monetary policy framework. The regime has proven much more successful than initially expected, both in achieving price stability and in stabilizing the real economy against a wide range of shocks. -
May 16, 2018
The (Mostly) Long and Short of Potential Output
Deputy Governor Lawrence Schembri discusses the importance of potential output to monetary policy, as well as policy challenges and opportunities in a world of low potential output growth. -
February 15, 2018
Anchoring Expectations: Canada’s Approach to Price Stability
Deputy Governor Lawrence Schembri examines the success of the Bank’s monetary policy framework and explains the review being undertaken before its renewal in 2021. -
September 14, 2017
Bank of Canada Workshop “Monetary Policy Framework Issues: Toward the 2021 Inflation-Target Renewal”
Deputy Governor Lawrence Schembri opens the Bank’s Monetary Policy Framework Issues: Toward the 2021 Inflation-Target Renewal workshop. -
March 21, 2017
Getting Down to Business: Investment and the Economic Outlook
Deputy Governor Lawrence Schembri discusses the factors affecting business investment and the implications for the economic outlook. -
February 9, 2017
Getting to the Core of Inflation
Deputy Governor Lawrence Schembri discusses the uses and measures of core inflation in the conduct of monetary policy. -
November 17, 2016
Reinventing the Role of Central Banks in Financial Stability
Central banks contribute importantly to the promotion of financial stability given their sys-tem-wide macro-financial perspective and existing roles as lender of last resort and overseer of systemic payment systems. Since the global financial crisis, the financial system role of central banks has expanded to place more emphasis on the prevention of financial stress and crises. Central banks work with other responsible authorities to enhance financial system resilience and to assess and mitigate financial vulnerabilities and systemic risk. -
November 8, 2016
Wood, Wheat, Wheels and the Web: Historical Pivots and Future Prospects for Canadian Exports
Deputy Governor Lawrence Schembri discusses the historical evolution and future prospects for Canadian exports. -
June 2, 2016
Two-Track Adjustment: The Outlook for the Canadian Economy
Deputy Governor Lawrence Schembri discusses the Bank of Canada’s mandate and responsibilities and the outlook for the Canadian economy