Posts

• November 9, 2011

  Bank of Canada Releases Background Information on Renewal of the Inflation-Control Target

  Media Relations Ottawa, Ontario

  The Bank of Canada today released the document Renewal of the Inflation-Control Target: Background Information, which summarizes the key elements of Canada's inflation-targeting framework.

  Content Type(s): Press, Press releases
• November 8, 2011

  Joint Statement of the Government of Canada and the Bank of Canada on the Renewal of the Inflation-Control Target

  Media Relations Ottawa, Ontario

  The primary objective of Canada's monetary policy is to enhance the well-being of Canadians by contributing to sustained economic growth, rising levels of employment and improved living standards.

  Content Type(s): Press, Press releases
• November 8, 2011

  Global Liquidity

  Remarks Mark Carney Canada-United Kingdom Chamber of Commerce London, United Kingdom

  Governor Mark Carney discusses how global liquidity cycles affect financial stability and economic growth, and what policy can do about it.

  Content Type(s): Press, Speeches and appearances, Remarks
• November 8, 2011

  Global Liquidity Is Having a Major Impact on Financial Stability and Economic Growth, Says Bank of Canada Governor Mark Carney

  Media Relations London, United Kingdom

  Large, abrupt fluctuations in global liquidity are having a major impact on global financial stability and economic growth, Bank of Canada Governor Mark Carney said today in a speech to the Canada-United Kingdom Chamber of Commerce. “Over the medium term, the continuation of such extreme liquidity cycles could ultimately threaten open capital markets and a […]

  Content Type(s): Press, Press releases
• November 7, 2011

  Renewal of the Inflation-Control Target (November 2011)

  Commentary and technical data relating to the 2011 target renewal.

  Content Type(s): Background materials Topic(s): Inflation and prices, Monetary policy

• Innovation and Growth with Financial, and Other, Frictions

  Staff Working Paper 2011-25 Jonathan Chiu, Césaire Meh, Randall Wright

  The generation and implementation of ideas, or knowledge, is crucial for economic performance. We study this process in a model of endogenous growth with frictions.

  Content Type(s): Staff research, Staff working papers Topic(s): Economic models, Potential output, Productivity JEL Code(s): E, E4, G, G2, O, O3, O4

• Determinants of Financial Stress and Recovery during the Great Recession

  Staff Working Paper 2011-24 Joshua Aizenman, Gurnain Pasricha

  In this paper, we explore the link between stress in the domestic financial sector and the capital flight faced by countries in the 2008-9 global crisis. Both the timing of emergence of internal financial stress in developing economies, and the size of the peak-trough declines in the stock price indices was comparable to that in high income countries, indicating that there was no decoupling, even before Lehman Brothers’ demise.

  Content Type(s): Staff research, Staff working papers Topic(s): Balance of payments and components, Financial markets, International topics JEL Code(s): F, F3, F32, G, G1, G15
• November 4, 2011

  Bank of Canada Governor Mark Carney Appointed Chairman of Financial Stability Board

  Media Relations Ottawa, Ontario

  Bank of Canada Governor Mark Carney has been named Chairman of the Financial Stability Board (FSB).

  Content Type(s): Press, Press releases
• November 3, 2011

  Financial Intermediation and Market Dynamics

  Conference held on 3 and 4 November 2011 (papers in unedited, electronic format only)

  Content Type(s): Conferences and workshops
• November 2, 2011

  Opening Statement before the Senate Standing Committee on National Finance

  Opening statement Mark Carney Senate Standing Committee on National Finance Ottawa, Ontario

  Good evening. Tiff and I are pleased to be here with you today to discuss retail price differentials between Canada and the United States. The mandate of the Bank of Canada is to enhance the well-being of Canadians by contributing to sustained economic growth. The single, most direct contribution that monetary policy can make to […]

  Content Type(s): Press, Speeches and appearances, Opening statements