Posts
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Forecasting with Many Models: Model Confidence Sets and Forecast Combination
A longstanding finding in the forecasting literature is that averaging forecasts from different models often improves upon forecasts based on a single model, with equal weight averaging working particularly well. This paper analyzes the effects of trimming the set of models prior to averaging. -
April 23, 2013
Opening Statement before the House of Commons Standing Committee on Finance
Good morning. Tiff and I are pleased to be here with you today to discuss the April Monetary Policy Report, which the Bank published last week. Global economic growth has evolved broadly as anticipated in January. In the United States, the economic expansion is continuing at a modest pace, with gradually strengthening private demand partly […] -
April 22, 2013
Completing the G20 reform agenda for strengthening over the counter derivatives markets
Mark Carney, Governor of the Bank of Canada and Chair of the Financial Stability Board, contributed the article "Completing the G20 reform agenda for strengthening over-the-counter derivatives markets" to the Banque de France's Financial Stability Review. -
April 22, 2013
Access to central counterparties: why it matters and how it is changing
Timothy Lane, Deputy Governor of the Bank of Canada, contributed the article “Access to central counterparties: why it matters and how it is changing” to the Banque de France's Financial Stability Review. -
A New Linear Estimator for Gaussian Dynamic Term Structure Models
This paper proposes a novel regression-based approach to the estimation of Gaussian dynamic term structure models that avoids numerical optimization. -
An Equilibrium Analysis of the Rise in House Prices and Mortgage Debt
This paper examines the contributions of population aging, mortgage innovation and historically low interest rates to the sharp rise in U.S. house prices and mortgage debt between 1994 and 2005. -
April 22, 2013
Annual Report 2012
2012 was a year of tentative recovery for the world economy, but considerable accomplishment for the Bank of Canada as it worked to promote the economic and financial well-being of Canadians. The 2012 Annual Report provides a Message from the Governor, highlights key achievements over the year, describes the Bank’s corporate governance, and presents financial statements in conjunction with Management’s Discussion and Analysis. -
April 22, 2013
The Bank of Canada Releases Its Annual Report for 2012
The Bank of Canada’s Annual Report for 2012 was tabled in the House of Commons today.
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