April 26, 2002 The Interaction Between Monetary and Fiscal Policies Lecture David Dodge School of Policy Studies Queen's University Kingston, Ontario Donald Gow had a great interest in public administration and in budgetary reform in the federal government.1 He was one in a long line of Queen's professors who have focused on various budgetary matters at the federal level. Content Type(s): Press, Speeches and appearances, Lectures
(Un)Conventional Monetary and Fiscal Policy Staff working paper 2023-6 Jing Cynthia Wu, Yinxi Xie We build a tractable New Keynesian model to study and compare four types of monetary and fiscal policy: policy rate adjustments, quantitative easing, lump-sum fiscal transfers and government spending. We find that tax-financed fiscal policy is more stimulative than debt-financed policy, and optimal policy coordination needs at least two of these four policy instruments. Content Type(s): Staff research, Staff working papers JEL Code(s): E, E4, E6, E61, E62, E63 Research Theme(s): Monetary policy, Inflation dynamics and pressures, Monetary policy framework and transmission, Monetary policy tools and implementation, Real economy and forecasting
March 26, 2015 Financial volatility a natural consequence of monetary policy normalization, says Bank of Canada Governor Stephen S. Poloz Media Relations London, United Kingdom The recent rise in financial market volatility reflects a global economy that is beginning the process of getting back to normal, Bank of Canada Governor Stephen S. Poloz said on Thursday. In a speech to the Canada-United Kingdom Chamber of Commerce, Governor Poloz discussed the recent rise in financial market volatility and low long-term bond […] Content Type(s): Press, Press releases
September 22, 2014 Underwhelming Recovery Poses Challenges for Monetary Policy, Says Bank of Canada Senior Deputy Governor Carolyn Wilkins Media Relations Toronto, Ontario The underwhelming recovery from the global financial crisis has challenged policy-makers to better understand the factors weighing on growth and to deal with greater uncertainty, Bank of Canada Senior Deputy Governor Carolyn Wilkins said in Toronto today. To conduct monetary policy, the Bank needs to assess how much of the slow growth is due to […] Content Type(s): Press, Press releases
May 1, 2013 Financial Crisis Taught Important Lessons About Monetary Policy, says Bank of Canada Governor Mark Carney Media Relations Edmonton, Alberta While countries around the world continue to cope with the painful aftermath of the global financial crisis, the scope and fury of events have left policy-makers with important lessons about the functioning of monetary policy and its frameworks, instruments and tactics, Bank of Canada Governor Mark Carney said today in a wide-ranging lecture about monetary […] Content Type(s): Press, Press releases
The Bank of Canada’s “Horse Race” of Alternative Monetary Policy Frameworks: Some Interim Results from Model Simulations Staff discussion paper 2021-13 José Dorich, Rhys R. Mendes, Yang Zhang Bank of Canada staff are running a “horse race” of alternative monetary policy frameworks in the lead-up to 2021 renewal of the Bank’s monetary policy framework. This paper summarizes some interim results of model simulations from their research. Content Type(s): Staff research, Staff discussion papers JEL Code(s): E, E2, E27, E3, E4, E5, E52, E58 Research Theme(s): Models and tools, Economic models, Monetary policy, Monetary policy framework and transmission
July 23, 2019 Bank of Canada publishes its 2020 schedule for policy interest rate announcements, the release of the Monetary Policy Report and other major publications Media Relations Ottawa, Ontario The Bank of Canada today published its 2020 schedule for policy interest rate announcements and the release of the quarterly Monetary Policy Report and reconfirmed the scheduled interest rate announcement dates for the remainder of this year. Content Type(s): Press, Press releases
July 29, 2021 Bank of Canada publishes its 2022 schedule for policy interest rate announcements, the release of the Monetary Policy Report and other major publications Media Relations Ottawa, Ontario The Bank of Canada today published its 2022 schedule for policy interest rate announcements and the release of the quarterly Monetary Policy Report. It also reconfirmed the scheduled interest rate announcement dates for the remainder of this year. Content Type(s): Press, Press releases
August 22, 2007 Bank of Canada Announces Appointment of Special Adviser Media Relations Ottawa, Ontario The Special Adviser position was created to bring additional perspectives to monetary policy discussions. Content Type(s): Press, Press releases
June 4, 2016 Monetary/Fiscal Policy Mix and Financial Stability: The Medium Term Is Still the Message Lecture Stephen S. Poloz Canadian Economics Association Ottawa, Ontario Governor Stephen S. Poloz discusses how the mix of monetary and fiscal policies in an economy has important implications for debt levels and financial stability over the medium term. Content Type(s): Press, Speeches and appearances, Lectures