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3541 Results

March 9, 2010

An Uncertain Past: Data Revisions and Monetary Policy in Canada

Many important economic variables are subject to revision. This article explains how, when, and why such revisions occur; how revisions to Canadian gross domestic product (GDP) compare with GDP revisions in some other countries; which GDP components are subject to the largest revisions; and how data revisions can affect policy decisions. The author finds that revisions to Canadian GDP tend to be smaller, on average, than those of some other countries, and that among the GDP components, exports and imports are most heavily revised.
January 20, 2021

Press Conference: Monetary Policy Report – January 2021

Release of the Monetary Policy Report — Press conference by Governor Tiff Macklem (11:00 (ET) approx.).
January 26, 2022

Press Conference: Monetary Policy Report – January 2022

Release of the Monetary Policy Report — Press conference by Governor Tiff Macklem and Carolyn Rogers, Senior Deputy Governor (11:00 (ET) approx.).

The Role of International Financial Integration in Monetary Policy Transmission

Staff working paper 2024-3 Jing Cynthia Wu, Yinxi Xie, Ji Zhang
We propose an open-economy New Keynesian model with financial integration that allows financial intermediaries to hold foreign long-term bonds. We study the implications of financial integration on monetary policy transmission. Among various aspects of financial integration, the bond duration plays a major role. These results hold for conventional and unconventional monetary policies.
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