Posts

• November 16, 2021

  CFEC Meeting (November 16, 2021)

  Conference Call

  Content Type(s): Meetings Source(s): Canadian Foreign Exchange Committee
• November 16, 2021

  Measuring changes to the labour market

  Speech summary Lawrence L. Schembri Canadian Association for Business Economics Toronto, Ontario

  Deputy Governor Lawrence Schembri discusses how the Canadian labour market has changed during the pandemic. He explains why better tools to measure the health of the job market will help the Bank of Canada set monetary policy that supports the recovery.

  Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Coronavirus disease (COVID-19), Economic models, Inflation targets, Labour markets, Monetary policy and uncertainty, Potential output
• November 16, 2021

  RPAC Meeting (November 16 and 17, 2021)

  Topic: Approach to fees

  Content Type(s): Meetings Source(s): Retail Payments Advisory Committee

• Updated Methodology for Assigning Credit Ratings to Sovereigns

  Staff Discussion Paper 2021-16 Karim McDaniels, Nico Palesch, Sanjam Suri, Zacharie Quiviger, John Walsh

  We update the Bank of Canada’s credit rating methodology for sovereigns, including our approach to assessing their fiscal position and monetary policy flexibility. We also explicitly consider climate-related factors.

  Content Type(s): Staff research, Staff discussion papers Topic(s): Credit risk management, Foreign reserves management JEL Code(s): F, F3, F31, G, G2, G24, G28, G3, G32

• Are Bank Bailouts Welfare Improving?

  Staff Working Paper 2021-56 Malik Shukayev, Alexander Ueberfeldt

  Financial sector bailouts, while potentially beneficial during a crisis, might lead to excessive risk taking if anticipated. Taking expectations and aggregate risk implications into account, we show that bailouts can be welfare improving, but only if capital adequacy constraints are sufficiently tight.

  Content Type(s): Staff research, Staff working papers Topic(s): Financial institutions, Financial stability, Financial system regulation and policies JEL Code(s): D, D6, D62, E, E3, E32, E4, E44, G, G0, G01
• November 8, 2021

  Operational details for upcoming secondary market purchases of Government of Canada securities (November 15-26)

  As previously announced, the Bank of Canada (the Bank) launched on April 1, 2020 a program to purchase Government of Canada securities in the secondary market – the Government Bond Purchase Program (GBPP).

  Content Type(s): Press, Market notices Source(s): Government of Canada Bond Purchase Program
• November 8, 2021

  Question Period on CTV

  

  Tiff Macklem, Governor of the Bank of Canada
  Interview with Question Period on CTV

  Content Type(s): Press, Media activities
• November 8, 2021

  2021 Bank of Canada Annual Economic Conference: Behavioral Macroeconomics and Finance: Implications for Central Bankers

  Conference held on November 8 to 10, 2021.

  Content Type(s): Conferences and workshops
• November 8, 2021

  Quarterly Financial Report - Third Quarter 2021

  Quarterly Financial Report - Third Quarter 2021 - For the period ended September 30, 2021

  Content Type(s): Publications, Quarterly Financial Report

• Optimal Monetary Policy According to HANK

  Staff Working Paper 2021-55 Sushant Acharya, Edouard Challe, Keshav Dogra

  We study optimal monetary policy in an analytically tractable Heterogeneous Agent New Keynesian model. In the model, the central bank has an incentive to reduce consumption inequality in addition to keeping economic activity at its efficient level and inflation stable.

  Content Type(s): Staff research, Staff working papers Topic(s): Economic models, Monetary policy JEL Code(s): E, E2, E21, E3, E30, E5, E52, E6, E62, E63