Posts

• December 6, 2013

  Discussions on Changes to Margining Policy for Cross-Currency Swaps

  The Department of Finance and the Bank of Canada will begin bilateral discussions with market counterparties with respect to changes to the margining policy for the cross-currency swaps used to fund Canada’s foreign exchange reserves held in the Government’s Exchange Fund Account.

  Content Type(s): Press, Market notices
• December 6, 2013

  Weekly Financial Statistics - 6 December 2013

  Content Type(s): Publications, Historical: Weekly Financial Statistics
• December 5, 2013

  Senior Deputy Governor Tiff Macklem will leave the Bank in May 2014

  Media Relations Ottawa, Ontario

  Senior Deputy Governor Tiff Macklem has announced that he will resign from the Bank of Canada next spring to become Dean of University of Toronto’s Rotman School of Management.

  Content Type(s): Press, Press releases
• December 4, 2013

  Bank of Canada maintains overnight rate target at 1 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.

  Content Type(s): Press, Press releases
• November 30, 2013

  Research Update - November 2013

  This monthly newsletter features the latest research publications by Bank of Canada economists including external publications and working papers published on the Bank of Canada’s website.

  Content Type(s): Staff research, Research newsletters
• November 29, 2013

  Weekly Financial Statistics - 29 November 2013

  Content Type(s): Publications, Historical: Weekly Financial Statistics
• November 28, 2013

  Banking and Financial Statistics - November 2013

  Content Type(s): Publications, Historical: Banking and Financial Statistics
• November 22, 2013

  Weekly Financial Statistics - 22 November 2013

  Content Type(s): Publications, Historical: Weekly Financial Statistics

• Expectations and Monetary Policy: Experimental Evidence

  Staff Working Paper 2013-44 Oleksiy Kryvtsov, Luba Petersen

  The effectiveness of monetary policy depends, to a large extent, on market expectations of its future actions. In a standard New Keynesian business-cycle model with rational expectations, systematic monetary policy reduces the variance of inflation and the output gap by at least two-thirds.

  Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Monetary policy implementation, Monetary policy transmission JEL Code(s): C, C9, D, D8, D84, E, E3, E5, E52

• Perceived Inflation Persistence

  Staff Working Paper 2013-43 Monica Jain

  The Survey of Professional Forecasters (SPF) has had vast influence on research related to better understanding expectation formation and the behaviour of macroeconomic agents. Inflation expectations, in particular, have received a great deal of attention, since they play a crucial role in determining real interest rates, the expectations-augmented Phillips curve and monetary policy.

  Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods, Inflation and prices JEL Code(s): E, E3, E31, E37