Posts

• The MacroFinancial Risk Assessment Framework (MFRAF), Version 2.0

  Technical Report No. 111 Jose Fique

  This report provides a detailed technical description of the updated MacroFinancial Risk Assessment Framework (MFRAF), which replaces the version described in Gauthier, Souissi and Liu (2014) as the Bank of Canada’s stress-testing model for banks with a focus on domestic systemically important banks (D-SIBs).

  Content Type(s): Staff research, Technical reports Topic(s): Financial stability, Financial system regulation and policies JEL Code(s): C, C7, C72, E, E5, E58, G, G0, G01, G2, G21, G28

• The Rise of Non-Regulated Financial Intermediaries in the Housing Sector and its Macroeconomic Implications

  Staff Working Paper 2017-36 Hélène Desgagnés

  I examine the impact of non-regulated lenders in the mortgage market using a dynamic stochastic general equilibrium (DSGE) model. My model features two types of financial intermediaries that differ in three ways: (i) only regulated intermediaries face a capital requirement, (ii) non-regulated intermediaries finance themselves by selling securities and cannot accept deposits, and (iii) non-regulated intermediaries face a more elastic demand.

  Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Economic models, Financial system regulation and policies, Housing JEL Code(s): E, E3, E32, E4, E44, E47, E6, E60, G, G2, G21, G23, G28
• September 14, 2017

  Bank of Canada Workshop “Monetary Policy Framework Issues: Toward the 2021 Inflation-Target Renewal”

  Remarks Lawrence L. Schembri Ottawa, Ontario

  Deputy Governor Lawrence Schembri opens the Bank’s Monetary Policy Framework Issues: Toward the 2021 Inflation-Target Renewal workshop.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Central bank research, Credibility, Inflation and prices, Inflation targets, International topics, Monetary policy framework
• September 14, 2017

  Summary of Monetary Policy Framework Issues: Toward the 2021 Inflation-Target Renewal

  The day-long workshop, held at the Bank, brought out wide-ranging views on the goals of monetary policy, the effectiveness of monetary policy tools, the role of transparency and communications, and lessons learned from other central banks.
• September 14, 2017

  Monetary Policy Framework Issues: Toward the 2021 Inflation-Target Renewal

  Workshop webcast live on September 14, 2017, held at the Bank of Canada, to explore the role and objectives of monetary policy, monetary policy tools, transparency and communications, and lessons learned from other central banks.

  Content Type(s): Conferences and workshops
• September 14, 2017

  Monetary Policy Framework Issues: Toward the 2021 Inflation-Target Renewal

  Remarks Carolyn A. Wilkins Ottawa, Ontario

  Senior Deputy Governor Carolyn A. Wilkins reviews key themes discussed by participants at the workshop “Monetary Policy Framework Issues: Toward the 2021 Inflation-Target Renewal”.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Central bank research, Financial system regulation and policies, Fiscal policy, Inflation and prices, Inflation targets, Monetary policy framework