February 9, 2009
Results of the 9 February 2009 Term PRA Transaction for Private Sector Money Market Instruments
Results of today's term PRA operations.
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February 9, 2009
Results for the 9 February 2009 Term Loan Facility
Results of today's TLF operation. -
February 9, 2009
Bank of Canada Announces the Minimum Bid Rate for Today's Term PRA Facility for Private Sector Money Market Instruments
The minimum bid rate for today's 14-day Term PRA Facility for Private Sector Money Market Instruments is 1.700%. -
February 6, 2009
Bank of Canada Announces Details of its Term PRA Facility for Private Sector Money Market Instruments
In accordance with the schedule of term purchase and resale agreement (PRA) auctions for private sector money market instruments announced on 20 January, the Bank of Canada announced today that it will enter into a 14-day term PRA transaction for private sector money market instruments. -
February 6, 2009
Bank of Canada Announces Details of its 28 Day Term Loan Facility
In accordance with the schedule of Term Loan Facility (TLF) auctions announced on 20 January, the Bank of Canada announced today that it will enter into a 28-day TLF transaction. -
February 3, 2009
Results of the 3 February 2009 Term PRA Transaction
The results of today's term PRA operations. -
February 3, 2009
Bank of Canada Announces Extension of Expanded Swap Facility with U.S. Federal Reserve
To address continued pressures in global U.S. dollar funding markets, the temporary reciprocal currency arrangements (swap lines) between the Federal Reserve and other central banks have been extended to 30 October 2009. -
February 2, 2009
Bank of Canada Announces Details of its 35 Day Term PRA Transaction
In accordance with the schedule of term purchase and resale agreement (PRA) auctions announced on 20 January, the Bank of Canada announced today that it will enter into a 35-day term PRA transaction. -
Inventories and Real Rigidities in New Keynesian Business Cycle Models
Kryvtsov and Midrigan (2008) study the behavior of inventories in an economy with menu costs, fixed ordering costs and the possibility of stock-outs. This paper extends their analysis to a richer setting that is capable of more closely accounting for the dynamics of the US business cycle. -
Optimal Policy under Commitment and Price Level Stationarity
This paper proposes a simple analytical method to determine the stationarity of an unnormalized variable from the solution to a normalized model i.e. a model whose variables must be expressed in relative terms or must be differenced for a solution to exist.