January 27, 2000 Accountability and Transparency in Canada's Monetary Policy Remarks Gordon Thiessen Metropolitan Halifax Chamber of Commerce Halifax, Nova Scotia Public sector institutions have been undergoing significant changes over the past decade. One of the most important changes has been the move to greater accountability. Public institutions are now required to be more open and to provide more information about their operations. Or, to use the word currently in vogue, to be more “transparent.” Content Type(s): Press, Speeches and appearances, Remarks
November 14, 2013 Bank of Canada Review - Autumn 2013 The three articles in this issue provide an overview of the monetary policy decision-making process at the Bank of Canada, a discussion of Bank research on the assessment of vulnerabilities in the financial system and a description of recent fragmentation in Canadian equity markets. Content Type(s): Publications, Bank of Canada Review
Frictional Capital Reallocation I: Ex Ante Heterogeneity Staff working paper 2019-4 Randall Wright, Sylvia Xiaolin Xiao, Yu Zhu This paper studies dynamic general equilibrium models where firms trade capital in frictional markets. Gains from trade arise due to ex ante heterogeneity: some firms are better at investment, so they build capital in the primary market; others acquire it in the secondary market. Content Type(s): Staff research, Staff working papers JEL Code(s): E, E2, E22, E4, E44 Research Theme(s): Financial system, Financial institutions and intermediation, Monetary policy, Monetary policy framework and transmission, Monetary policy tools and implementation, Real economy and forecasting
November 7, 2017 Understanding Inflation: Getting Back to Basics Remarks Stephen S. Poloz CFA Montréal and Montreal Council on Foreign Relations Montréal, Quebec Governor Stephen S. Poloz discusses how recent weak inflation in Canada and other economies can be explained by fundamental factors. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Monetary policy, Economic models, Economy/Economic growth, Inflation, Inflation targeting framework
Predictive Density Combination Using a Tree-Based Synthesis Function Staff working paper 2023-61 Tony Chernis, Niko Hauzenberger, Florian Huber, Gary Koop, James Mitchell This paper studies non-parametric combinations of density forecasts. We introduce a regression tree-based approach that allows combination weights to vary on the features of the densities, time-trends or economic indicators. In two empirical applications, we show the benefits of this approach in terms of improved forecast accuracy and interpretability. Content Type(s): Staff research, Staff working papers JEL Code(s): C, C1, C11, C3, C32, C5, C53 Research Theme(s): Models and tools, Econometric, statistical and computational methods, Monetary policy, Real economy and forecasting
September 11, 2009 Bank of Canada Review - Autumn 2009 Bank of Canada liquidity actions in response to the financial market turmoil; understanding corporate bond spreads using credit default swaps; review of the conflicts of interest between participants in the securitization process highlighting the most recent policy measures and potential solutions for ameliorating these agency issues. Content Type(s): Publications, Bank of Canada Review
October 24, 2001 The Canadian Economy: Current and Future Challenges Remarks David Dodge Greater Moncton Chamber of Commerce and the Conseil économique du Nouveau-Brunswick Moncton, New Brunswick All of us at the Bank of Canada share a deep sorrow at the loss of so many lives in the 11 September terrorist attacks in the United States. Among those who died were innocent citizens of many nationalities, including Canadians. To their families, friends, and colleagues we extend our heartfelt sympathy. Content Type(s): Press, Speeches and appearances, Remarks
April 16, 2025 Monetary Policy Report—April 2025—Appendix Canada’s potential output growth is anticipated to slow due to declining population growth and the ongoing trade conflict. The range for Canada’s neutral interest rate lies between 2.25% and 3.25%.
January 8, 2008 Transparency: The More, The Better? Remarks Sheryl Kennedy Association des femmes en finance du Québec Montréal, Quebec Transparency is the cornerstone of a well-functioning financial system. It's an issue that has been getting a lot of attention, and deservedly so, as we consider what has gone wrong in the market for asset-backed commercial paper. Content Type(s): Press, Speeches and appearances, Remarks
March 7, 2019 Economic Progress Report: Sensible Shifts in Household Spending Remarks Lynn Patterson Hamilton Chamber of Commerce Hamilton, Ontario Deputy Governor Lynn Patterson discusses updates on the economy and reviews the latest interest rate decision. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Financial system, Financial stability, Monetary policy, Economy/Economic growth, Inflation