(Optimal) Monetary Policy with and without Debt Staff working paper 2021-5 Boris Chafwehé, Rigas Oikonomou, Romanos Priftis, Lukas Vogel How should policy be designed at high debt levels, when fiscal authorities have little room to adjust taxes? Assigning the monetary authority a role in achieving debt sustainability makes it less effective in stabilizing inflation and output. Content Type(s): Staff research, Staff working papers JEL Code(s): C, C1, C11, E, E3, E31, E5, E52, E58, E6, E62 Research Theme(s): Models and tools, Economic models, Monetary policy, Monetary policy framework and transmission, Monetary policy tools and implementation, Real economy and forecasting
July 12, 2007 Release of the Monetary Policy Report Update Opening statement David Dodge Economic growth and inflation in Canada in the first half of this year have been stronger than was expected in the April Monetary Policy Report. The Bank judges that the economy is now operating further above its production potential than was projected in April. Content Type(s): Press, Speeches and appearances, Opening statements
January 22, 2009 Release of the Monetary Policy Report Update Opening statement Mark Carney Ottawa, Ontario The outlook for the global economy has deteriorated since the October Monetary Policy Report, with the intensifying financial crisis spilling over into real economic activity. Content Type(s): Press, Speeches and appearances, Opening statements
January 23, 2003 Release of Monetary Policy Report Update Opening statement David Dodge Core inflation has been higher than anticipated in recent months. This reflects not only a stronger-than-expected increase in premiums for auto and home insurance, but also some broadening of price pressures resulting from strong demand in the economy. Content Type(s): Press, Speeches and appearances, Opening statements
March 12, 2002 Monetary Policy Choices: The Canadian Experience Remarks David Dodge Chambre de Commerce France-Canada and Les Canadiens en Europe (France) Paris, France Over the years, both Canada and France have had to make decisions about the framework guiding monetary policy. The authorities in the two countries have made choices that reflect the differences in our economies. Content Type(s): Press, Speeches and appearances, Remarks
July 14, 2005 Release of the Monetary Policy Report Update Opening statement David Dodge Global and Canadian economic developments have been unfolding broadly as expected, and the Bank's outlook for output and inflation in Canada through to the end of 2006 is little changed from the scenario outlined in the April Report. Strong growth in final domestic demand in Canada continues to offset the drag from net exports. Content Type(s): Press, Speeches and appearances, Opening statements
July 17, 2013 Monetary Policy Report – July 2013 Following growth of 1.7 per cent in 2012, the Canadian economy is expected to grow by 1.8 per cent in 2013 and 2.7 percent in 2014 and 2015, and to reach full capacity in mid-2015, as anticipated in the April Report. Content Type(s): Publications, Monetary Policy Report
January 23, 2013 Monetary Policy Report – January 2013 Following an estimated 1.9 per cent in 2012, the Canadian economy is expected to grow by 2.0 per cent in 2013 and 2.7 per cent in 2014, and to reach full capacity in the second half of 2014, later than anticipated in the October Report. Content Type(s): Publications, Monetary Policy Report
June 11, 1998 The outlook for the Canadian economy and monetary policy Remarks Bernard Bonin The Canadian Association of Financial Planners Québec, Québec In mid-May we published our semi-annual Report on monetary policy, covering data up to April 24th. That means we now have new data available for the last two months. Furthermore, our report also pointed to a much greater-than-usual degree of uncertainty about the outlook for the Canadian economy. Content Type(s): Press, Speeches and appearances, Remarks
January 9, 2019 Monetary Policy Report – January 2019 The Bank projects that Canadian economic growth will slow to 1.7 per cent this year before rebounding to 2.1 per cent in 2020. Content Type(s): Publications, Monetary Policy Report