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298 Results

November 22, 2023

Fighting to get back to low inflation

Speech summary Tiff Macklem Saint John Region Chamber of Commerce Saint John, New Brunswick
Governor Tiff Macklem outlines how high inflation is hurting Canadians and how monetary policy is working to bring it down. He also explains why the Bank of Canada must stay the course in its inflation fight.

A Blueprint for the Fourth Generation of Bank of Canada Projection and Policy Analysis Models

Staff Discussion Paper 2023-23 Donald Coletti
The fourth generation of Bank of Canada projection and policy analysis models seeks to improve our understanding of inflation dynamics, the supply side of the economy and the underlying risks faced by policy-makers coming from uncertainty about how the economy functions.

Labor Market Shocks and Monetary Policy

Staff Working Paper 2023-52 Serdar Birinci, Fatih Karahan, Yusuf Mercan, Kurt See
We develop a heterogeneous-agent New Keynesian model featuring a frictional labor market with on-the-job search to quantitatively study the positive and normative implications of employer-to-employer transitions for inflation.
September 19, 2023

Household differences and monetary policy

Speech summary Sharon Kozicki University of Regina Regina, Saskatchewan
Deputy Governor Sharon Kozicki talks about how differences in debt, income and savings across households shaped their experience through the COVID-19 pandemic and how this is affecting monetary policy now.
September 19, 2023

Rebalancing the economy while managing risks

Remarks Sharon Kozicki University of Regina Regina, Saskatchewan
Bank of Canada Deputy Governor Sharon Kozicki talks about how household differences have affected the way that monetary policy is transmitted. She also discusses how the Bank is considering the role of mortgage interest costs in inflation.
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