January 16, 2007 Monetary Policy Report Update – January 2007 The global economy has continued to expand robustly. However, U.S. economic growth slowed in 2006, with the weakness concentrated in the automotive and housing sectors. Content Type(s): Publications, Monetary Policy Report
November 14, 2013 Monetary Policy Decision Making at the Bank of Canada Bank of Canada Review - Autumn 2013 John Murray The process that the Bank of Canada follows to make its monetary policy decisions has evolved over time. This process is very information-intensive and collaborative, drawing on the expertise, judgment and analysis of many people. This article describes monetary policy decision making at the Bank, and discusses some common misconceptions about monetary policy and the process. Content Type(s): Publications, Bank of Canada Review articles
November 20, 2018 Choosing the Best Monetary Policy Framework for Canada Remarks Carolyn A. Wilkins McGill University Max Bell School of Public Policy Montréal, Quebec Senior Deputy Governor Carolyn A. Wilkins discusses public policy issues around monetary policy frameworks and how those issues have become more complex in the post-global financial crisis world. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Financial system, Financial stability, Monetary policy, Economic models, Economy/Economic growth, Inflation targeting framework
Networking the Yield Curve: Implications for Monetary Policy Staff working paper 2021-4 Tatjana Dahlhaus, Julia Schaumburg, Tatevik Sekhposyan We study how different monetary policies affect the yield curve and interact. Our study highlights the importance of the spillover structure across the yield curve for policy-making. Content Type(s): Staff research, Staff working papers JEL Code(s): C, C1, C18, C2, C21, C5, C53, E, E4, E43, E44, E5, E52 Research Theme(s): Models and tools, Econometric, statistical and computational methods, Monetary policy, Monetary policy framework and transmission, Monetary policy tools and implementation
Corporate investment and monetary policy transmission in Canada Staff analytical note 2020-26 Min Jae Kim, Jonathan Witmer Unexpected changes in interest rates lead small firms to materially change their investment rate. Large firms, in contrast, show a smaller response. This suggests both that financial conditions are an important channel for transmitting monetary policy and that firm characteristics can help us better understand fluctuations in business investment. Content Type(s): Staff research, Staff analytical notes JEL Code(s): D, D2, D22, D9, D92, G, G3, G31, G32 Research Theme(s): Financial system, Household and business credit, Monetary policy, Monetary policy framework and transmission
Assessing Labour Market Slack for Monetary Policy Staff discussion paper 2021-15 Erik Ens, Laurence Savoie-Chabot, Kurt See, Shu Lin Wee Measuring labour market slack is essential for central banks: without full employment in the economy, inflation will not stay close to target. We propose a comprehensive approach to assessing labour market slack that reflects the complexity and diversity of the labour market. Content Type(s): Staff research, Staff discussion papers JEL Code(s): E, E2, E24, J, J2, J21, J6 Research Theme(s): Monetary policy, Monetary policy framework and transmission, Real economy and forecasting, Structural challenges, Demographics and labour supply
Household Heterogeneity and the Performance of Monetary Policy Frameworks Staff working paper 2022-12 Edouard Djeutem, Mario He, Abeer Reza, Yang Zhang Consumption inequality and a low interest rate environment are two important trends in today’s economy. But the implications they may have—and how those implications interact—within different monetary policy frameworks are not well understood. We study the ranking of alternative frameworks that take these trends into account. Content Type(s): Staff research, Staff working papers JEL Code(s): D, D3, D31, D5, D52, E, E2, E21, E3, E31, E5, E52, E58 Research Theme(s): Models and tools, Economic models, Monetary policy, Inflation dynamics and pressures, Monetary policy framework and transmission
May 5, 2006 The Crucial Contribution of the Financial System and Monetary Policy to Economic Development Remarks David Longworth Conference of the Association des économistes québécois Montréal, Quebec Many analysts have examined the relationship between the financial system and economic development. They have uncovered some interesting facts regarding the characteristics of the financial system - characteristics that contribute to the best possible allocation of savings to productive investments, which are themselves engines of economic growth. Content Type(s): Press, Speeches and appearances, Remarks
February 17, 2005 Governor Dodge Discusses the Implications of Currency Movements for Monetary Policy Media Relations Vancouver, British Columbia Bank of Canada Governor David Dodge said today, that in conducting monetary policy, the Bank analyzes movements in the Canadian dollar in the context of economic and financial data and events. Content Type(s): Press, Press releases
January 25, 2007 Dodge discusses monetary policy and the economy, calls for stronger IMF Media Relations Toronto, Ontario "This simple paradigm is very helpful because monetary policy works better when it is understood," the Governor said. Content Type(s): Press, Press releases