Optimal Monetary and Macroprudential Policies Staff working paper 2021-21 Josef Schroth Optimal coordination of monetary and macroprudential policies implies higher risk weights on (safe) bonds any time that banks are required to hold additional capital buffers. Coordination also implies a somewhat tighter monetary-policy stance whenever such capital buffers are released. Content Type(s): Staff research, Staff working papers JEL Code(s): E, E4, E44, E6, E60, G, G2, G21, G28 Research Theme(s): Financial system, Financial stability and systemic risk, Financial system regulation and oversight, Monetary policy, Monetary policy framework and transmission, Monetary policy tools and implementation
August 3, 2012 Bank of Canada Publishes 2013 Schedule for Policy Interest Rate Announcements and Monetary Policy Report Releases Media Relations Ottawa, Ontario The Bank of Canada released its 2013 schedule of key policy interest rate announcements and quarterly Monetary Policy Reports (MPR), and announced that in 2013, it will begin concurrent publication of the MPR with its January, April, July, and October rate announcements. Content Type(s): Press, Press releases
July 26, 2011 Bank of Canada Releases 2012 Schedule for Policy Interest Rate Announcements and Monetary Policy Report Releases Media Relations Ottawa, Ontario The Bank of Canada today released its 2012 schedule of eight dates for announcing decisions on its key policy interest rate and four dates for the release of its Monetary Policy Report. The Bank also confirmed the announcement dates for the remainder of this year. Content Type(s): Press, Press releases
July 26, 2016 Bank of Canada publishes 2017 schedule for policy interest rate announcements and release of the Monetary Policy Report Media Relations Ottawa, Ontario The Bank of Canada today published its 2017 schedule of the key dates for policy interest rate announcements and release of the quarterly Monetary Policy Report, and it reconfirmed the scheduled announcement dates for the remainder of this year. Content Type(s): Press, Press releases
July 23, 2013 Bank of Canada Publishes 2014 Schedule for Policy Interest Rate Announcements and Monetary Policy Report Releases Media Relations Ottawa, Ontario The Bank of Canada today published its 2014 schedule of key policy interest rate announcements and quarterly Monetary Policy Report (MPR) releases, and re-confirmed the scheduled announcement dates for the remainder of this year. Content Type(s): Press, Press releases
Monetary Policy Transmission to Small Business Loan Performance: Evidence from Loan-Level Data Staff working paper 2024-41 Rodrigo Sekkel, Tamon Takamura, Yaz Terajima We analyze the dynamic and heterogeneous responses of small-business loan performance to a monetary-policy shock using loan-level data in Canada. We find evidence of monetary policy transmission through the cash-flow channel and the aggregate demand channel as well as some, though limited, impact of collateral to discipline loan repayment. Content Type(s): Staff research, Staff working papers JEL Code(s): C, C3, C32, E, E1, E17, E3, E37, E5, E52 Research Theme(s): Financial system, Household and business credit, Monetary policy, Monetary policy framework and transmission
The Distributional Effects of Conventional Monetary Policy and Quantitative Easing: Evidence from an Estimated DSGE Model Staff working paper 2019-6 Stefan Hohberger, Romanos Priftis, Lukas Vogel This paper compares the distributional effects of conventional monetary policy and quantitative easing (QE) within an estimated open-economy DSGE model of the euro area. Content Type(s): Staff research, Staff working papers JEL Code(s): E, E4, E44, E5, E52, F, F4, F41 Research Theme(s): Models and tools, Economic models, Monetary policy, Monetary policy framework and transmission, Monetary policy tools and implementation
July 29, 2014 Bank of Canada Publishes 2015 Schedule for Policy Interest Rate Announcements and Release of the Monetary Policy Report Media Relations Ottawa, Ontario The Bank of Canada today published its 2015 schedule of the key dates for policy interest rate announcements and release of the quarterly Monetary Policy Report, and reconfirmed the scheduled announcement dates for the remainder of this year. Content Type(s): Press, Press releases
July 27, 2015 Bank of Canada Publishes 2016 Schedule for Policy Interest Rate Announcements and Release of the Monetary Policy Report Media Relations Ottawa, Ontario The Bank of Canada today published its 2016 schedule of the key dates for policy interest rate announcements and release of the quarterly Monetary Policy Report, and it reconfirmed the scheduled announcement dates for the remainder of this year. Content Type(s): Press, Press releases
Monetary Policy Spillover to Small Open Economies: Is the Transmission Different under Low Interest Rates? Staff working paper 2021-62 Jin Cao, Valeriya Dinger, Tomás Gómez, Zuzana Gric, Martin Hodula, Alejandro Jara, Ragnar Juelsrud, Karolis Liaudinskas, Simona Malovaná, Yaz Terajima Does the transmission of monetary policy change when interest rates are low or negative? We shed light on this question by analyzing the international bank lending channels of monetary policy using regulatory data on banks from four small open economies: Canada, Chile, the Czech Republic and Norway. Content Type(s): Staff research, Staff working papers JEL Code(s): E, E4, E43, E5, E52, E58, F, F3, F34, F4, F42, G, G2, G21, G28 Research Theme(s): Financial system, Financial institutions and intermediation, Household and business credit, Monetary policy, Monetary policy framework and transmission, Structural challenges, International trade, finance and competitiveness