December 13, 1999 Feedback Rules for Inflation Control: An Overview of Recent Literature Bank of Canada Review - Winter 1999–2000 Agathe Côté, Jamie Armour Feedback rules are rules aimed at guiding policy-makers as they face the problem of keeping inflation close to a desired path without causing variability elsewhere in the economy. These rules link short-term interest rates, controlled by the central bank, to the rate of inflation and/or its deviation from a target rate. The authors describe the most popular types of feedback rules and review some simulation results. Content Type(s): Publications, Bank of Canada Review articles
November 23, 2011 Renewing Canada’s Monetary Policy Framework Remarks Mark Carney Board of Trade of Metropolitan Montreal Montréal, Quebec Governor Mark Carney discusses the key elements of Canada’s inflation-targeting regime. Content Type(s): Press, Speeches and appearances, Remarks
November 15, 2017 Uncertainty can affect monetary policy actions, says Senior Deputy Governor Wilkins Media Relations New York, New York Uncertainty is an important consideration for monetary policy decisions and, depending on the circumstances, it can prompt central banks to be more, or less, aggressive, Senior Deputy Governor Carolyn A. Wilkins told the Money Marketeers of New York University in a speech today. “Central bankers have well-established methods to deal with uncertainty in the conduct […] Content Type(s): Press, Press releases
December 5, 2019 Economic Progress Report: Charting Our Own Course Remarks Timothy Lane Ottawa Board of Trade Ottawa, Ontario Deputy Governor Timothy Lane talks about the different monetary policy paths taken by Canada and the United States over the last decade and reviews the Bank of Canada’s latest interest rate decision. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Monetary policy, Economy/Economic growth, Inflation, Inflation targeting framework
June 20, 2010 The Bank of Canada’s Extraordinary Liquidity Policies and Moral Hazard Financial System Review - June 2010 Carolyn A. Wilkins, Jack Selody Bank of Canada published a report establishing a set of principles to guide the extraordinary liquidity interventions it was making in response to the systemic shocks buffeting the Canadian financial system. These principles provided a framework for maintaining consistency between the Bank’s actions and its responsibilities as lender of last resort to the financial system, while allowing sufficient fl exibility to respond to the unique challenges of the crisis. Content Type(s): Publications, Financial System Review articles
BoC–BoE Sovereign Default Database: Methodology, Assumptions and Sources Technical report No. 117 David Beers, Elliot Jones, John Walsh Until recently, few efforts have been made to systematically measure and aggregate the nominal value of the different types of sovereign government debt in default. To help fill this gap, the Bank of Canada (BoC) developed a comprehensive database of sovereign defaults that is posted on its website and updated in partnership with the Bank of England (BoE). Content Type(s): Staff research, Technical reports JEL Code(s): F, F3, F34, G, G1, G10, G14, G15 Research Theme(s): Financial markets and funds management, Funds management, Financial system, Financial stability and systemic risk
February 28, 2018 Research Update - February 2018 This monthly newsletter features the latest research publications by Bank of Canada economists including external publications and working papers published on the Bank of Canada’s website. Content Type(s): Staff research, Research newsletters
November 9, 2011 Bank of Canada Releases Background Information on Renewal of the Inflation-Control Target Media Relations Ottawa, Ontario The Bank of Canada today released the document Renewal of the Inflation-Control Target: Background Information, which summarizes the key elements of Canada's inflation-targeting framework. Content Type(s): Press, Press releases
Scenario Analysis and the Economic and Financial Risks from Climate Change Staff discussion paper 2020-3 Erik Ens, Craig Johnston This paper adapts climate-economy models that have been applied in other contexts for use in climate-related scenario analysis. We consider illustrative scenarios for the global economy that could generate economic and financial risks. Our results suggest there are significant economic risks from climate change and the move to a low-carbon economy. Content Type(s): Staff research, Staff discussion papers Research Theme(s): Financial system, Financial stability and systemic risk, Models and tools, Economic models, Structural challenges, Climate change
January 24, 2012 Sectoral Default Rates under Stress: The Importance of Non-Linearities Financial System Review - June 2007 Miroslav Misina, David Tessier Content Type(s): Publications, Financial System Review articles