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February 17, 2011

Bank of Canada Review - Winter 2010-2011

Bank of Canada Review - Winter 2010-2011
This issue features a summary of the Bank’s annual conference, which this year dealt with financial globalization, and three articles that present research by Bank staff on Canada’s mortgage market, the role of adverse selection in financial crises, and payment networks.
November 8, 2011

Global Liquidity Is Having a Major Impact on Financial Stability and Economic Growth, Says Bank of Canada Governor Mark Carney

Large, abrupt fluctuations in global liquidity are having a major impact on global financial stability and economic growth, Bank of Canada Governor Mark Carney said today in a speech to the Canada-United Kingdom Chamber of Commerce. “Over the medium term, the continuation of such extreme liquidity cycles could ultimately threaten open capital markets and a […]
Content Type(s): Press, Press releases
December 16, 2025

Good money and your central bank

Remarks Tiff Macklem The Chamber of Commerce of Metropolitan Montreal Montréal, Quebec
Governor Tiff Macklem discusses the Bank of Canada’s role in ensuring the stability of money in all its forms, from currency to digital payments. He also outlines how keeping inflation low and stable ensures Canadian money retains its purchasing power.

Non-linéarité de la courbe de Phillips : un survol de la littérature

Staff analytical note 2018-3 Renaud St-Cyr
The paper reviews evidence from the economic literature on the nature of the relationship between excess capacity and inflation, better known as the Phillips curve. In particular, we examine the linearity of this relationship. This is an important issue in the current economic context in which advanced economies are approaching or exceed their potential output.

Parallel Tempering for DSGE Estimation

Staff working paper 2024-13 Joshua Brault
I develop a population-based Markov chain Monte Carlo algorithm known as parallel tempering to estimate dynamic stochastic general equilibrium models. Parallel tempering approximates the posterior distribution of interest using a family of Markov chains with tempered posteriors.
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