Inflation and prices

• November 22, 2022

  Monitoring the health of Canada’s financial system

  Speech summary Carolyn Rogers Young Canadians in Finance Ottawa, Ontario

  Senior Deputy Governor Carolyn Rogers discusses risks and vulnerabilities in our financial system and what the Bank of Canada is doing to support financial stability.

  Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Financial stability, Housing, Inflation and prices, Recent economic and financial developments
• November 22, 2022

  Financial stability in times of uncertainty

  Remarks Carolyn Rogers Young Canadians in Finance Ottawa, Ontario

  Senior Deputy Governor Carolyn Rogers discusses the Bank’s work to monitor risks and vulnerabilities in Canada’s financial system and support greater financial stability.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Financial stability, Housing, Inflation and prices, Recent economic and financial developments
• November 14, 2022

  Opening remarks

  Remarks Tiff Macklem Conference on Diversity, Equity and Inclusion in Economics, Finance and Central Banking Ottawa, Ontario

  Governor Tiff Macklem speaks about the need to make economics, finance and central banking more diverse and inclusive.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Inflation and prices, Labour markets
• November 10, 2022

  Getting back to stable prices and a balanced jobs market

  Speech summary Tiff Macklem Public Policy Forum Toronto, Ontario

  Governor Tiff Macklem discusses the relationship between inflation and employment and how the Bank of Canada is working to cool an overheated economy.

  Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Central bank research, Coronavirus disease (COVID-19), Domestic demand and components, Expectations, Inflation and prices, Interest rates, Labour markets, Monetary policy, Monetary policy framework, Potential output, Price stability, Productivity, Recent economic and financial developments
• November 10, 2022

  Restoring labour market balance and price stability

  Remarks Tiff Macklem Public Policy Forum Toronto, Ontario

  Governor Tiff Macklem outlines the link between high inflation and tight labour markets. He explains how the Bank is working to rebalance the labour market and discusses how structural changes may influence the supply of workers in Canada.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Central bank research, Coronavirus disease (COVID-19), Domestic demand and components, Expectations, Inflation and prices, Interest rates, Labour markets, Monetary policy, Monetary policy framework, Potential output, Price stability, Productivity, Recent economic and financial developments

• Stagflation and Topsy-Turvy Capital Flows

  Staff Working Paper 2022-46 Julien Bengui, Louphou Coulibaly

  Unregulated capital flows are likely excessive during a stagflation episode, owing to a macroeconomic externality operating through the economy’s supply side. Inflows raise domestic wages and cause unwelcome upward pressure on firm costs, yet market forces likely generate such inflows. Optimal capital flow management instead requires net outflows.

  Content Type(s): Staff research, Staff working papers Topic(s): Inflation and prices, International financial markets, International topics, Monetary policy JEL Code(s): D, D6, D62, E, E5, E52, F, F3, F32, F38, F4, F41

• Core inflation over the COVID-19 pandemic

  Staff Analytical Note 2022-17 Mikael Khan, Elyse Sullivan

  We assess the usefulness of various measures of core inflation over the COVID-19 pandemic. We find that Cpi-trim and CPI-median provided the best signal of underlying inflation. The favourable performance of these measures stems from their lack of reliance on historical experience, an especially valuable feature in unprecedented times.

  Content Type(s): Staff research, Staff analytical notes Topic(s): Econometric and statistical methods, Inflation and prices, Monetary policy JEL Code(s): C, C1, C18, E, E3, E31