Posts
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Uncertain Costs and Vertical Differentiation in an Insurance Duopoly
Classical oligopoly models predict that firms differentiate vertically as a way of softening price competition, but some metrics suggest very little quality differentiation in the U.S. auto insurance market. -
Bond Risk Premia and Gaussian Term Structure Models
Cochrane and Piazzesi (2005) show that (i) lagged forward rates improve the predictability of annual bond returns, adding to current forward rates, and that (ii) a Markovian model for monthly forward rates cannot generate the pattern of predictability in annual returns. -
April 16, 2014
Release of the Monetary Policy Report
Press conference following the release of the Monetary Policy Report. -
April 16, 2014
Bank of Canada maintains overnight rate target at 1 per cent
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. -
April 16, 2014
Monetary Policy Report – April 2014
Economic growth in Canada is expected to average about 2 1/2 per cent in 2014 and 2015 before easing to around the 2 per cent growth rate of the economy’s potential in 2016. -
April 11, 2014
Bank of Canada announces appointment of Carolyn Wilkins as Senior Deputy Governor
The Board of Directors of the Bank of Canada today announced that Carolyn Wilkins has been appointed Senior Deputy Governor for a term of seven years beginning 2 May 2014. -
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April 10, 2014
Notice of Memorandum of Understanding between the Autorité des marchés financiers, the British Columbia Securities Commission, the Ontario Securities Commission and the Bank of Canada
The Autorité des marchés financiers (AMF), the British Columbia Securities Commission (BCSC), the Ontario Securities Commission (OSC) and the Bank of Canada have entered into a Memorandum of Understanding (MOU) to facilitate co-operation in carrying out their respective oversight responsibilities for financial market infrastructures (FMIs).