Search

Content Types

Topics

JEL Codes

Locations

Departments

Authors

Sources

Statuses

Published After

Published Before

8646 Results

Downward Nominal-Wage Rigidity: Micro Evidence from Tobit Models

Staff Working Paper 2001-7 Allan Crawford, Geoff Wright
This paper uses Tobit models and data for union contracts to examine the extent of downward nominal-wage rigidity in Canada. To be consistent with important stylized facts, the models allow the variance of the notional wage-change distribution to be time-varying and test for menu-cost effects.
Content Type(s): Staff research, Staff working papers Topic(s): Inflation targets, Labour markets JEL Code(s): E, E2, E24, E5, E52, E6, E61
May 1, 2001

Release of the Monetary Policy Report

Opening statement David Dodge
This morning, we released our spring 2001 Monetary Policy Report. In the six months since the November 2000 Report, the pace of economic expansion in Canada has slackened, primarily because the economic slowdown in the United States has been more pronounced than anticipated. The extent of the easing in economic activity in Canada is the […]
April 20, 2001

Governor talks about the Bank of Canada's contribution to monetary and financial stability and about the current economic situation

n a speech today to The Vancouver Board of Trade, Governor David Dodge said that the Bank of Canada contributes to the economic well-being of Canadians by preserving confidence in the value of money and by promoting the safety and soundness of Canada's financial system.
Content Type(s): Press, Press releases
April 20, 2001

The Bank of Canada's Contribution to the Economic Well-Being of Canadians

Remarks David Dodge Vancouver Board of Trade Vancouver, British Columbia
The Bank of Canada has a commitment to contribute to the economic well-being of Canadians. In other words, we must conduct monetary policy so that it fosters sustained economic growth. Fundamentally, this means creating conditions that favour rising employment and incomes, strong investment, and a more stable macroeconomic environment.
Go To Page