Monetary policy - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T14:02:37+00:00Monetary policy: It’s perfectly imperfect
https://www.bankofcanada.ca/2024/02/monetary-policy-perfectly-imperfect/
Governor Tiff Macklem speaks about the effectiveness—and limitations—of monetary policy. He highlights how raising and lowering the policy interest rate ultimately keeps inflation low, stable and predictable, despite significant shocks to the economy.2024-02-06T12:45:49+00:00Monetary policy: It’s perfectly imperfect2024-02-06Tiff MacklemMonetary policy: The right tool for the right job
https://www.bankofcanada.ca/2024/02/monetary-policy-right-tool-right-job/
Governor Tiff Macklem discusses how monetary policy is working to bring inflation down—and how it has worked to return inflation to target over the last 25 years. He also talks about the limits of monetary policy, and why the right focus is on controlling inflation in the medium term.2024-02-06T12:45:32+00:00Monetary policy: The right tool for the right job2024-02-06Tiff MacklemMonetary Policy and Racial Inequality in Housing Markets: A Study of 140 US Metropolitan Areas
https://www.bankofcanada.ca/2023/12/staff-working-paper-2023-62/
We find that minority households see greater declines in housing returns and entries into homeownership than White households after a tightening of monetary policy. Our findings emphasize the unintended consequences of monetary policy on racial inequality in the housing market.2023-12-28T13:37:09+00:00enMonetary Policy and Racial Inequality in Housing Markets: A Study of 140 US Metropolitan Areas2023-12-28Central bank researchHousingMonetary policyStaff Working Paper 2023-62https://www.bankofcanada.ca/wp-content/uploads/2023/12/swp2023-62.pdfMonetary Policy and Racial Inequality in Housing Markets: A Study of 140 US Metropolitan AreasQi LiXu ZhangDecember 2023EE4E40E5E52RR0R00Perceived versus Calibrated Income Risks in Heterogeneous-Agent Consumption Models
https://www.bankofcanada.ca/2023/12/staff-working-paper-2023-59/
Perceived income risks reported in a survey of consumer expectations are more heterogeneous and, on average, lower than indirectly calibrated risks based on panel data. They prove to be one explanation for why a large fraction of households hold very little liquid savings and why accumulated wealth is widely unequal across households.2023-12-27T11:44:56+00:00enPerceived versus Calibrated Income Risks in Heterogeneous-Agent Consumption Models2023-12-27Business fluctuations and cyclesMonetary policyMonetary policy and uncertaintyStaff Working Paper 2023-59https://www.bankofcanada.ca/wp-content/uploads/2023/12/swp2023-59.pdfPerceived versus Calibrated Income Risks in Heterogeneous-Agent Consumption ModelsTao WangDecember 2023DD1D14EE2E21E7E71GG5G51How higher interest rates affect inflation
https://www.bankofcanada.ca/2023/12/how-higher-interest-rates-affect-inflation/
When the Bank of Canada changes its policy interest rate, it affects every part of the economy – but that does not happen all at once. Learn more about how raising and lowering interest rates takes effect through the monetary policy transmission mechanism.2023-12-21T11:00:28+00:00enHow higher interest rates affect inflation2023-12-21Lessons learned and looking ahead
https://www.bankofcanada.ca/2023/12/lessons-learned-and-looking-ahead/
In his year-end remarks, Governor Tiff Macklem discusses how lessons learned from recent economic volatility are reshaping the way the Bank of Canada conducts economic analysis and communicates with the public.2023-12-15T12:25:50+00:00Lessons learned and looking ahead2023-12-15Tiff MacklemThe path to price stability
https://www.bankofcanada.ca/2023/12/path-price-stability/
Governor Tiff Macklem discusses how the economy will continue to adjust to higher interest rates in the year ahead, and outlines what Canadians can expect from the Bank of Canada.2023-12-15T12:25:29+00:00The path to price stability2023-12-15Tiff MacklemMaking It Real: Bringing Research Models into Central Bank Projections
https://www.bankofcanada.ca/2023/12/staff-discussion-paper-2023-29/
Macroeconomic projections and risk analyses play an important role in guiding monetary policy decisions. Models are integral to this process. This paper discusses how the Bank of Canada brings research models and lessons learned from those models into the central bank projection environment.2023-12-11T11:19:01+00:00enMaking It Real: Bringing Research Models into Central Bank Projections2023-12-11Economic modelsMonetary policyStaff Discussion Paper 2023-29https://www.bankofcanada.ca/wp-content/uploads/2023/12/sdp2023-29.pdfMaking It Real: Bringing Research Models into Central Bank ProjectionsMarc-André GosselinSharon KozickiDecember 2023CC3C32C5C51EE3E37E4E47E5E52Economic progress report: Immigration, housing and the outlook for inflation
https://www.bankofcanada.ca/2023/12/economic-progress-report-immigration-housing-outlook-inflation/
Deputy Governor Toni Gravelle discusses the latest interest rate decision along with how immigration helps Canada’s economy and how it impacts inflation.2023-12-07T12:35:26+00:00Economic progress report: Immigration, housing and the outlook for inflation2023-12-07Toni GravelleWhat population growth means for the economy and inflation
https://www.bankofcanada.ca/2023/12/what-population-growth-means-for-the-economy-and-inflation/
Speaking a day after we decided to hold interest rates steady at 5%, Deputy Governor Toni Gravelle discusses immigration, inflation and the role that newcomers play in helping our economy grow.2023-12-07T12:35:17+00:00What population growth means for the economy and inflation2023-12-07Toni Gravelle