January 11, 2010 Canada's Housing Sector in Recession and Recovery: Beyond Bricks and Mortar Remarks David Wolf Edmonton CFA Society Edmonton, Alberta The beginning of a new year is a good time for reflection – a chance to look back over the past 12 months and consider what may lie ahead. Certainly, 2009 saw remarkable economic and financial upheaval around the world, which plunged Canada into a severe recession. Content Type(s): Press, Speeches and appearances, Remarks
Monetary Policy and Government Debt Dynamics Without Commitment Staff working paper 2019-52 Dmitry Matveev I show that maturity considerations affect the optimal conduct of monetary and fiscal policy during a period of government debt reduction. I consider a New Keynesian model and study a dynamic game of monetary and fiscal policy authorities without commitment, characterizing the incentives that drive the choice of interest rate. Content Type(s): Staff research, Staff working papers JEL Code(s): E, E5, E52, E6, E62, E63 Research Theme(s): Financial markets and funds management, Funds management, Models and tools, Economic models, Monetary policy, Monetary policy framework and transmission, Monetary policy tools and implementation
May 4, 2020 Bridge to Recovery: The Bank’s COVID-19 Pandemic Response Remarks (delivered virtually) Carolyn A. Wilkins C.D. Howe Institute Toronto, Ontario Senior Deputy Governor Carolyn A. Wilkins discusses measures the Bank has taken to address the COVID-19 pandemic and set the stage for recovery. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Financial system, Financial markets, Financial stability, Monetary policy, Economy/Economic growth
March 24, 2010 The Virtue of Productivity in a Wicked World Remarks Mark Carney Ottawa Economics Association Ottawa, Ontario It is either brave or foolhardy of the Ottawa Economics Association to organize another conference around Canada's perennial challenges of demographics, productivity, and potential growth. Content Type(s): Press, Speeches and appearances, Remarks
November 16, 1998 Monetary Policy Report – November 1998 During the past six months, global economic uncertainties have intensified, largely as a result of developments in emerging-market economies. Content Type(s): Publications, Monetary Policy Report
May 4, 2007 The Importance of Appropriate Exchange Rate Regimes Remarks David Dodge ACI - The Financial Markets Association Montréal, Quebec Why do I think that such an order is so important? Well, in part it's because history has helped to demonstrate its virtues. But it's also extremely important to bear in mind the context, that is, the world in which we live today. This is a world in which adjustment is perpetual, where change is driven by the development of new technologies, where sectors and nations continually attempt to secure some new advantage. And in this world, price signals from markets help us to understand what adjustments are needed. Content Type(s): Press, Speeches and appearances, Remarks
April 17, 2013 Monetary Policy Report – April 2013 Following growth of 1.8 per cent in 2012, the Canadian economy is expected to grow by 1.5 per cent in 2013, 2.8 percent in 2014 and 2.7 in 2015, and to reach full capacity in mid-2015, later than anticipated in the January Report. Content Type(s): Publications, Monetary Policy Report
October 8, 2006 Modelling Financial Channels for Monetary Policy Analysis Bank of Canada Review - Autumn 2006 Ian Christensen, Ben Fung, Césaire Meh The Bank of Canada considers a wide range of information and analysis before making a monetary policy decision and uses carefully articulated models to produce economic projections and to examine alternative scenarios. This article describes an ongoing research agenda at the Bank to develop models in which financial variables play an active role in the transmission of monetary policy actions to economic activity. Such models can help to analyze information from the financial side of the economy and to provide an overall view of the implications of financial developments for the current economic outlook. The authors also explain how this research can help address other issues relevant to the objectives of monetary policy, including how asset-price movements should be taken into account in the monetary policy framework. Content Type(s): Publications, Bank of Canada Review articles
November 5, 2018 Making Sense of Markets Remarks Stephen S. Poloz Canada–UK Chamber of Commerce London, United Kingdom Governor Poloz discusses how the Bank uses financial market information in its monetary policy. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Financial system, Financial markets, Monetary policy, Economy/Economic growth, Inflation
September 30, 2019 Research Update - September 2019 This monthly newsletter features the latest research publications by Bank of Canada economists including external publications and working papers published on the Bank of Canada’s website. Content Type(s): Staff research, Research newsletters