December 10, 2014 Financial System Review - December 2014 The Reports section of the Financial System Review examines selected issues of relevance to the Canadian and global financial systems. The December 2014 issue features two reports on important developments in the financial system: rapid growth and innovation in the market for exchange-traded funds, and the increasing significance of cyber attacks to the operational resilience of financial institutions and financial market infrastructures. Content Type(s): Publications, Financial Stability Report
December 5, 2014 Weekly Financial Statistics - 5 December 2014 Content Type(s): Publications, Historical: Weekly Financial Statistics
November 28, 2014 Weekly Financial Statistics - 28 November 2014 Content Type(s): Publications, Historical: Weekly Financial Statistics
November 28, 2014 Quarterly Financial Report - Third Quarter 2014 Quarterly Financial Report - Third Quarter 2014 - For the period ended 30 September 2014 Content Type(s): Publications, Quarterly Financial Report
November 27, 2014 Banking and Financial Statistics - November 2014 Content Type(s): Publications, Historical: Banking and Financial Statistics
November 21, 2014 Weekly Financial Statistics - 21 November 2014 Content Type(s): Publications, Historical: Weekly Financial Statistics
November 14, 2014 Weekly Financial Statistics - 14 November 2014 Content Type(s): Publications, Historical: Weekly Financial Statistics
November 13, 2014 Bank of Canada Review - Autumn 2014 In this issue, Bank staff discuss recent developments in experimental macroeconomics, research results on price-level and unemployment thresholds in forward guidance, and the spillover effects of quantitative easing in advance economies. Articles also explore the competitiveness strategies of Canadian firms as well as their use of financial derivatives. Content Type(s): Publications, Bank of Canada Review
November 13, 2014 Recent Developments in Experimental Macroeconomics Bank of Canada Review - Autumn 2014 Robert Amano, Oleksiy Kryvtsov, Luba Petersen This article describes experimental economics, in general, and new developments in experimental macroeconomics, in particular. The approach has a clear niche in providing evidence on economic phenomena that cannot be observed directly or that are difficult to measure. Experimental work conducted by Bank of Canada economists has shed light on a number of issues important to monetary policy, such as the relative efficacy between price-level and inflation targeting, and the nature of inflation expectations formation. Content Type(s): Publications, Bank of Canada Review articles Research Topic(s): Inflation and prices, Monetary policy framework JEL Code(s): C, C9, E, E3, E31, E5, E52
November 13, 2014 Should Forward Guidance Be Backward-Looking? Bank of Canada Review - Autumn 2014 Rhys R. Mendes, Stephen Murchison When constrained by the zero lower bound, some central banks have communicated a threshold that must be met before short-term interest rates would be permitted to rise. Simulation results for Canada show that forward guidance that is conditional on achieving a price-level threshold can theoretically raise demand and inflation expectations by significantly more than unemployment thresholds. This superior performance is attributable to the fact that the price-level threshold depends on past inflation outcomes. In practice, however, history-dependent thresholds such as this might be more challenging for central banks to communicate. Content Type(s): Publications, Bank of Canada Review articles Research Topic(s): Business fluctuations and cycles, Monetary policy framework JEL Code(s): E, E5, E52, E58