Posts

• September 19, 2014

  Weekly Financial Statistics - 19 September 2014

  Content Type(s): Publications, Historical: Weekly Financial Statistics
• September 19, 2014

  Bank of Canada Calls for Nominations for the 2015 Fellowship and Governor’s Awards

  Media Relations Ottawa, Ontario

  This program fosters excellence in research in Canada, and develops partnerships with experts outside of the Bank.

  Content Type(s): Press, Press releases Source(s): Fellowship Program
• September 16, 2014

  Floating Loonie Essential to the Bank of Canada’s Inflation-Targeting Regime, Says Governor Stephen S. Poloz

  Media Relations Drummondville, Quebec

  The Bank of Canada's commitment to keep inflation low and stable requires that the value of the Canadian dollar be determined by markets, Bank of Canada Governor Stephen S. Poloz said today in Drummondville. The Bank of Canada fosters strong, sustainable economic growth by aiming to keep inflation at the 2 per cent midpoint of […]

  Content Type(s): Press, Press releases
• September 16, 2014

  Float of the Loonie

  Remarks Stephen S. Poloz Société de développement économique de Drummondville Drummondville, Quebec

  Governor Stephen S. Poloz discusses the role of a floating exchange rate in the Canadian economy and in the Bank’s monetary policy framework.

  Content Type(s): Press, Speeches and appearances, Remarks
• September 12, 2014

  Weekly Financial Statistics - 12 September 2014

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

• What Does the Convenience Yield Curve Tell Us about the Crude Oil Market?

  Staff Working Paper 2014-42 Ron Alquist, Gregory Bauer, Antonio Diez de los Rios

  Using the prices of crude oil futures contracts, we construct the term structure of crude oil convenience yields out to one-year maturity. The crude oil convenience yield can be interpreted as the interest rate, denominated in barrels of oil, for borrowing a single barrel of oil, and it measures the value of storing crude oil over the borrowing period.

  Content Type(s): Staff research, Staff working papers Topic(s): Asset pricing, International topics JEL Code(s): C, C5, C53, G, G1, G12, G13, Q, Q4, Q43

• Improving Public Equity Markets? No Pain, No Gain

  Staff Working Paper 2014-41 Katya Kartashova

  This paper quantifies the effects of improving public equity markets on macroeconomic aggregates and welfare. I use an open-economy extension of Angeletos (2007), where entrepreneurs face idiosyncratic productivity risk in privately held firms.

  Content Type(s): Staff research, Staff working papers Topic(s): Development economics, Financial institutions, Financial markets JEL Code(s): E, E4, E44, G, G1, G11, O, O1, O11, O16

• Balance Sheets of Financial Intermediaries: Do They Forecast Economic Activity?

  Staff Working Paper 2014-40 Rodrigo Sekkel

  This paper conducts a real-time, out-of-sample analysis of the forecasting power of various aggregate financial intermediaries’ balance sheets to a wide range of economic activity measures in the United States.

  Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods JEL Code(s): C, C5, C53
• September 5, 2014

  Weekly Financial Statistics - 5 September 2014

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

• Real-Time Nowcasting of Nominal GDP Under Structural Breaks

  Staff Working Paper 2014-39 William A. Barnett, Marcelle Chauvet, Danilo Leiva-Leon

  This paper provides a framework for the early assessment of current U.S. nominal GDP growth, which has been considered a potential new monetary policy target. The nowcasts are computed using the exact amount of information that policy-makers have available at the time predictions are made. However, real-time information arrives at different frequencies and asynchronously, which poses challenges of mixed frequencies, missing data and ragged edges.

  Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Econometric and statistical methods, Inflation and prices JEL Code(s): C, C3, C32, E, E2, E27, E3, E31, E32