Posts
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Has the Inclusion of Forward-Looking Statements in Monetary Policy Communications Made the Bank of Canada More Transparent?
To investigate the extent to which the transparency of the Bank of Canada's monetary policy has improved, the authors examine empirically – over the period 30 October 2000 to 31 May 2007 – the reaction of Canadian financial markets to official Bank communications, and in particular their reaction to the recent inclusion of forward-looking policy-rate guidance in these communications. -
Stability versus Flexibility: The Role of Temporary Employment in Labour Adjustment
In Canada, temporary workers account for 14 per cent of jobs in the non-farm business sector, are present in a range of industries, and account for 40 per cent of the total job reallocation. Yet most models of job reallocation abstract from temporary workers. -
November 5, 2010
Government of Canada Treasury Bills and Bonds Outstanding
View amounts outstanding on Government of Canada Treasury Bills and Bonds since 2003. -
November 5, 2010
Bank of Canada holdings
This document sets out the policy governing the acquisition and management of domestic financial assets for the Bank of Canada’s balance sheet. -
November 4, 2010
Time change: Government of Canada 10 November 2010 2-year bond auction
The Government of Canada 2-year bond auction scheduled for 10 November 2010 will be held at 10:30 (ET) instead of at the usual auction time of 12:00 (ET) -
Capital Requirement and Financial Frictions in Banking: Macroeconomic Implications
The author develops a dynamic stochastic general-equilibrium model with an active banking sector, a financial accelerator, and financial frictions in the interbank and bank capital markets. -
October 28, 2010
Change in Minimum Bank of Canada Nominal Bond Purchases at Auctions
The Bank of Canada is increasing its purchases of nominal bonds at auctions to 15 per cent effective immediately. This will assist in bringing its holdings of Government of Canada securities more in line with the composition of the government's stock of nominal domestic marketable debt, consistent with the Bank of Canada's policy for managing its balance sheet. -
October 27, 2010
Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce
We are pleased to appear before this committee today to discuss the Bank of Canada’s views on the economy and our monetary policy stance. Before I take your questions, I would like to give you some of the highlights from our latest Monetary Policy Report, which was released last week. -
October 27, 2010
Financial Globalization and Financial Instability
Conference held on 27 to 29 October 2010 (papers in unedited, electronic format only)