Uncategorized

• Forward Guidance and Expectation Formation: A Narrative Approach

  Staff Working Paper 2020-40 Christopher S. Sutherland

  How exactly does forward guidance influence interest rate expectations?

  Content Type(s): Staff research, Staff working papers Topic(s): Central bank research, Monetary policy, Monetary policy communications, Monetary policy transmission JEL Code(s): D, D8, D83, D84, E, E3, E37, E5, E52, E58
• September 23, 2020

  Conference on Diversity and Inclusion in Economics, Finance, and Central Banking

  Jointly sponsored by the Bank of Canada, Bank of England, European Central Bank and Federal Reserve Board, the conference was held on September 23 and 24, 2020 at the Board of Governors of the Federal Reserve System.

  Content Type(s): Conferences and workshops

• The New Benchmark for Forecasts of the Real Price of Crude Oil

  Staff Working Paper 2020-39 Amor Aniss Benmoussa, Reinhard Ellwanger, Stephen Snudden

  How can we assess the quality of a forecast? We propose a new benchmark to evaluate forecasts of temporally aggregated series and show that the real price of oil is more difficult to predict than we thought.

  Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods, International topics JEL Code(s): C, C1, C5, C53, Q, Q4, Q47
• September 21, 2020

  Operational details for upcoming secondary market purchases of Government of Canada securities (September 28-October 9)

  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

• Cyclicality of Schooling: New Evidence from Unobserved Components Models

  Staff Working Paper 2020-38 Barbara Sadaba, Sunčica Vujič, Sofia Maier

  What is the time-varying impact of economic cycles on decisions to invest in human capital?

  Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Econometric and statistical methods JEL Code(s): C, C3, C32, E, E3, I, I2, J, J2
• September 17, 2020

  Bank of Canada Senior Deputy Governor Carolyn A. Wilkins will not seek second term

  Media Relations Ottawa, Ontario

  The Board of Directors of the Bank of Canada announced today that Senior Deputy Governor Carolyn A. Wilkins informed them that she will not seek a second term.

  Content Type(s): Press, Press releases
• September 17, 2020

  CFEC Meeting #102 (September 17, 2020)

  Conference call

  Content Type(s): Meetings Source(s): Canadian Foreign Exchange Committee
• September 15, 2020

  CFIF Meeting (September 15, 2020)

  Content Type(s): Meetings Source(s): Canadian Fixed-Income Forum
• September 15, 2020

  Bank of Canada announces changes to the amount of Government of Canada Treasury Bills acquired at auction

  The Bank’s short-term liquidity programs announced since March to improve market functioning are continuing to have their intended effect.

  Content Type(s): Press, Market notices
• September 15, 2020

  Bank of Canada announces changes to the Provincial Money Market Purchase (PMMP) program

  The Bank’s short-term liquidity programs announced since March to improve market functioning are continuing to have their intended effect.

  Content Type(s): Press, Market notices Source(s): Provincial Money Market Purchase Program