Posts

• June 15, 2005

  Governor Dodge Discusses How Canada Is Adjusting to Change

  Media Relations Winnipeg, Manitoba

  Bank of Canada Governor David Dodge said today that Canadians are making the adjustments that will help our economy thrive in a changing global economic environment.

  Content Type(s): Press, Press releases
• June 15, 2005

  Adjusting to Change

  Remarks David Dodge Winnipeg Chamber of Commerce Winnipeg, Manitoba

  Change is the central theme of my remarks today. First, I will talk about some of the changes that have taken place at the Bank of Canada over its 70-year history. Then, I'll talk about some of the changes that are currently taking place in the global economy, as well as how we see our economy - across Canada and right here in Manitoba - adjusting to these changes.

  Content Type(s): Press, Speeches and appearances, Remarks
• June 9, 2005

  How the Canadian Economy Is Adjusting to Global Forces

  Remarks David Dodge Canadian Chamber of Commerce in Japan Tokyo, Japan

  Rapid growth in emerging-market economies is driving up demand for commodities, and that has pushed up world prices for oil and many non-energy commodities. Meanwhile, productivity improvements in some countries and a competitive world environment are lowering the prices for some consumer goods, communications services, and computer equipment.

  Content Type(s): Press, Speeches and appearances, Remarks
• June 2, 2005

  Monetary Policy and the Exchange Rate in Canada

  Remarks David Dodge Canada China Business Council Beijing, China

  Canada's experience is interesting and potentially insightful for two important reasons. First, Canada has more experience with a flexible exchange rate than almost any other country.

  Content Type(s): Press, Speeches and appearances, Remarks

• Lines of Credit and Consumption Smoothing: The Choice between Credit Cards and Home Equity Lines of Credit

  Staff Working Paper 2005-18 Shubhasis Dey

  The author models the choice between credit cards and home equity lines of credit (HELOCs) within a framework where consumers hold lines of credit as instruments of consumption smoothing across state and time.

  Content Type(s): Staff research, Staff working papers Topic(s): Credit and credit aggregates JEL Code(s): D, D1, D8, D81

• Risk Perceptions and Attitudes

  Staff Working Paper 2005-17 Miroslav Misina

  Changes in risk perception have been used in various contexts to explain shorter-term developments in financial markets, as part of a mechanism that amplifies fluctuations in financial markets, as well as in accounts of "irrational exuberance."

  Content Type(s): Staff research, Staff working papers Topic(s): Economic models, Financial markets JEL Code(s): D, D8, D81, D84, G, G1, G12

• Endogenous Central Bank Credibility in a Small Forward-Looking Model of the U.S. Economy

  Staff Working Paper 2005-16 René Lalonde

  The linkages between inflation and the economy's cyclical position are thought to be strongly affected by the credibility of monetary authorities.

  Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods, Inflation and prices, Monetary policy transmission JEL Code(s): C, C3, C32, E, E5, E52
• May 30, 2005

  Reflections on the International Economic and Monetary Order

  Remarks David Dodge la Conférence de Montréal Montréal, Quebec

  Up to now, world capital markets have been managing these imbalances in a reasonably smooth way. In the short term, it is reasonable to expect that they will continue to do so. But over the medium term, imbalances of this magnitude are not sustainable.

  Content Type(s): Press, Speeches and appearances, Remarks
• May 30, 2005

  Governor Dodge Examines How Countries Can Help Resolve Global Imbalances

  Media Relations Montréal, Quebec

  Mr. Dodge cited the promotion of flexible markets, the creation and maintenance of a sound financial system, and the pursuit of sound fiscal and monetary policies as priorities for policy-makers worldwide.

  Content Type(s): Press, Press releases
• May 27, 2005

  70 Years of Central Banking in Canada

  Remarks David Dodge Canadian Economics Association Hamilton, Ontario

  The Bank opened its doors on 11 March 1935, at the height of the Great Depression, and immediately faced enormous challenges. In meeting those challenges, the new Bank of Canada drew on the experience of other, established central banks. It received valuable guidance in functions such as the issuance of bank notes, managing foreign exchange reserves, and promoting financial stability.

  Content Type(s): Press, Speeches and appearances, Remarks