Posts

• September 16, 2009

  Results for the 16 September 2009 Term Loan Facility

  The results of today's TLF operation are as follows.

  Content Type(s): Press, Market notices
• September 15, 2009

  Canada and the Economic Crisis: Our Performance and Near‐Term Prospects

  Presentation John Murray 80th International Business Cycle Conference of the Kiel Institute Berlin, Germany

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

• Credit Constraints and Consumer Spending

  Staff Working Paper 2009-25 Kimberly Beaton

  This paper examines the relationship between aggregate consumer spending and credit availability in the United States. The author finds that consumer spending falls (rises) in response to a reduction (increase) in credit availability.

  Content Type(s): Staff research, Staff working papers Topic(s): Credit and credit aggregates, Domestic demand and components, Recent economic and financial developments JEL Code(s): E, E2, E21, E27, E4, E44, E5, E51, E58

• Resurrecting the Role of Real Money Balance Effects

  Staff Working Paper 2009-24 José Dorich

  I present a structural econometric analysis supporting the hypothesis that money is still relevant for shaping inflation and output dynamics in the United States. In particular, I find that real money balance effects are quantitatively important, although smaller than they used to be in the early postwar period.

  Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Monetary aggregates, Monetary policy transmission JEL Code(s): E, E3, E31, E32, E5, E52
• September 15, 2009

  Results of the 15 September 2009 Term PRA Transaction for Private Sector Instruments

  Results of the 15 September 2009 Term PRA Transaction for Private Sector Instruments.

  Content Type(s): Press, Market notices
• September 14, 2009

  Results of the 14 September 2009 Term PRA Transaction

  Results of the 14 September 2009 Term PRA Transaction.

  Content Type(s): Press, Market notices
• September 11, 2009

  Bank of Canada Announces Details of its Term Loan Facility Operation

  In accordance with the schedule of Term Loan Facility (TLF) auctions announced on 21 July.

  Content Type(s): Press, Market notices
• September 11, 2009

  Bank of Canada Announces Details of its Term PRA Operation

  In accordance with the schedule of term purchase and resale agreement (PRA) auctions announced on 21 July.

  Content Type(s): Press, Market notices
• September 11, 2009

  Bank of Canada Announces Details of its Term PRA for Private Sector Instruments Operation

  In accordance with the schedule of term purchase and resale agreement (PRA) auctions for private sector instruments announced on 21 July.

  Content Type(s): Press, Market notices
• September 11, 2009

  Bank of Canada Liquidity Actions in Response to the Financial Market Turmoil

  Bank of Canada Review - Autumn 2009 Lorie Zorn, Carolyn A. Wilkins, Walter Engert

  In response to the financial crisis of 2007-09, the Bank of Canada intervened repeatedly to stabilize the financial system and limit the repercussions of the crisis on the Canadian economy. This article reviews the extraordinary liquidity measures taken by the Bank during this period and the principles that guided the Bank's interventions. A preliminary assessment of the term liquidity facilities provided by the Bank suggests that they were an important source of liquidity support for some financial institutions and, on a broader basis, served to reduce uncertainty among market participants about the availability of liquidity, as well as helping to promote a return to well-functioning money markets.

  Content Type(s): Publications, Bank of Canada Review articles Topic(s): Financial institutions, Financial markets, Financial stability