Inflation and prices

• December 12, 2022

  Reflections on 2022

  Speech summary Tiff Macklem Business Council of British Columbia Vancouver, British Columbia

  Governor Tiff Macklem discusses the important lessons from events in 2022 and what the Bank is doing to restore price stability for Canadians.

  Content Type(s): Press, Speeches and appearances, Speech summaries Research Topic(s): Coronavirus disease (COVID-19), Inflation and prices, Interest rates, International topics, Monetary policy, Recent economic and financial developments
• December 8, 2022

  Economic progress report: More transparency in uncertain times

  Remarks Sharon Kozicki Urban Development Institute of Quebec Montréal, Quebec

  Speaking a day after the Bank of Canada’s latest interest rate decision, Deputy Governor Sharon Kozicki discusses the current state of the economy and talks about how the Bank is improving both its use of data and the way we communicate with Canadians.

  Content Type(s): Press, Speeches and appearances, Remarks Research Topic(s): Inflation and prices, Interest rates, Monetary policy and uncertainty
• December 8, 2022

  Helping Canadians better understand our decisions

  Speech summary Sharon Kozicki Urban Development Institute of Quebec Montréal, Quebec

  Speaking a day after the Bank of Canada decided to raise our policy interest rate, Deputy Governor Sharon Kozicki discusses the current state of the economy. She also talks about how we are improving our transparency with Canadians.

  Content Type(s): Press, Speeches and appearances, Speech summaries Research Topic(s): Inflation and prices, Interest rates, Monetary policy and uncertainty
• November 22, 2022

  Monitoring the health of Canada’s financial system

  Speech summary Carolyn Rogers Young Canadians in Finance Ottawa, Ontario

  Senior Deputy Governor Carolyn Rogers discusses risks and vulnerabilities in our financial system and what the Bank of Canada is doing to support financial stability.

  Content Type(s): Press, Speeches and appearances, Speech summaries Research Topic(s): Financial stability, Housing, Inflation and prices, Recent economic and financial developments
• November 22, 2022

  Financial stability in times of uncertainty

  Remarks Carolyn Rogers Young Canadians in Finance Ottawa, Ontario

  Senior Deputy Governor Carolyn Rogers discusses the Bank’s work to monitor risks and vulnerabilities in Canada’s financial system and support greater financial stability.

  Content Type(s): Press, Speeches and appearances, Remarks Research Topic(s): Financial stability, Housing, Inflation and prices, Recent economic and financial developments
• November 14, 2022

  Opening remarks

  Remarks Tiff Macklem Conference on Diversity, Equity and Inclusion in Economics, Finance and Central Banking Ottawa, Ontario

  Governor Tiff Macklem speaks about the need to make economics, finance and central banking more diverse and inclusive.

  Content Type(s): Press, Speeches and appearances, Remarks Research Topic(s): Inflation and prices, Labour markets
• November 10, 2022

  Getting back to stable prices and a balanced jobs market

  Speech summary Tiff Macklem Public Policy Forum Toronto, Ontario

  Governor Tiff Macklem discusses the relationship between inflation and employment and how the Bank of Canada is working to cool an overheated economy.

  Content Type(s): Press, Speeches and appearances, Speech summaries Research Topic(s): Central bank research, Coronavirus disease (COVID-19), Domestic demand and components, Expectations, Inflation and prices, Interest rates, Labour markets, Monetary policy, Monetary policy framework, Potential output, Price stability, Productivity, Recent economic and financial developments
• November 10, 2022

  Restoring labour market balance and price stability

  Remarks Tiff Macklem Public Policy Forum Toronto, Ontario

  Governor Tiff Macklem outlines the link between high inflation and tight labour markets. He explains how the Bank is working to rebalance the labour market and discusses how structural changes may influence the supply of workers in Canada.

  Content Type(s): Press, Speeches and appearances, Remarks Research Topic(s): Central bank research, Coronavirus disease (COVID-19), Domestic demand and components, Expectations, Inflation and prices, Interest rates, Labour markets, Monetary policy, Monetary policy framework, Potential output, Price stability, Productivity, Recent economic and financial developments

• Stagflation and Topsy-Turvy Capital Flows

  Staff Working Paper 2022-46 Julien Bengui, Louphou Coulibaly

  Unregulated capital flows are likely excessive during a stagflation episode, owing to a macroeconomic externality operating through the economy’s supply side. Inflows raise domestic wages and cause unwelcome upward pressure on firm costs, yet market forces likely generate such inflows. Optimal capital flow management instead requires net outflows.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Inflation and prices, International financial markets, International topics, Monetary policy JEL Code(s): D, D6, D62, E, E5, E52, F, F3, F32, F38, F4, F41

• Core inflation over the COVID-19 pandemic

  Staff Analytical Note 2022-17 Mikael Khan, Elyse Sullivan

  We assess the usefulness of various measures of core inflation over the COVID-19 pandemic. We find that Cpi-trim and CPI-median provided the best signal of underlying inflation. The favourable performance of these measures stems from their lack of reliance on historical experience, an especially valuable feature in unprecedented times.

  Content Type(s): Staff research, Staff analytical notes Research Topic(s): Econometric and statistical methods, Inflation and prices, Monetary policy JEL Code(s): C, C1, C18, E, E3, E31