Uncategorized

• Endogenous Time Variation in Vector Autoregressions

  Staff Working Paper 2020-16 Danilo Leiva-Leon, Luis Uzeda

  We introduce a new class of time-varying parameter vector autoregressions (TVP-VARs) where the identified structural innovations are allowed to influence — contemporaneously and with a lag — the dynamics of the intercept and autoregressive coefficients in these models.

  Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods, Inflation and prices, Monetary policy transmission JEL Code(s): C, C1, C11, C3, C32, E, E3, E31, E5, E52

• Is Central Bank Currency Fundamental to the Monetary System?

  Staff Discussion Paper 2020-2 Hanna Armelius, Carl Andreas Claussen, Scott Hendry

  In this paper, we discuss whether the ability of individuals to convert commercial bank money (i.e., bank deposits) into central bank money is fundamentally important for the monetary system.

  Content Type(s): Staff research, Staff discussion papers Topic(s): Bank notes, Digital currencies and fintech, Financial services, Payment clearing and settlement systems JEL Code(s): E, E4, E41, E42, E5
• May 6, 2020

  Annual Report 2019

  

  The Annual Report outlines the Bank’s activities and achievements in 2019. It includes the financial statements and a message from Governor Stephen S. Poloz.

  Content Type(s): Publications, Annual Report
• May 6, 2020

  The Bank of Canada Releases Its Annual Report for 2019

  Media Relations

  The Bank of Canada’s Annual Report for 2019 was tabled in the House of Commons today.

  Content Type(s): Press, Press releases
• May 4, 2020

  Operational details for upcoming secondary market purchases of Government of Canada securities (May 11-May 22)

  As announced on March 27, 2020, the Bank of Canada (the Bank) launched on April 1, 2020 a program to purchase Government of Canada securities in the secondary market.

  Content Type(s): Press, Market notices Source(s): Government of Canada Bond Purchase Program
• May 4, 2020

  Bridge to Recovery: The Bank’s COVID-19 Pandemic Response

  Remarks (delivered virtually) Carolyn A. Wilkins C.D. Howe Institute Toronto, Ontario

  Senior Deputy Governor Carolyn A. Wilkins discusses measures the Bank has taken to address the COVID-19 pandemic and set the stage for recovery.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Business fluctuations and cycles, Coronavirus disease (COVID-19), Financial institutions, Financial markets, Monetary policy and uncertainty, Monetary policy transmission, Recent economic and financial developments
• May 1, 2020

  Tiff Macklem Appointed Governor of the Bank of Canada

  Media Relations Ottawa, Ontario

  The Directors of the Bank of Canada, appointed under Section 9 of the Bank of Canada Act, today announced that they have appointed Tiff Macklem as Governor of the Bank of Canada for a seven-year term, effective 3 June 2020.

  Content Type(s): Press, Press releases
• May 1, 2020

  Statement by Governor Poloz on Announcement of New Governor

  Opening statement Stephen S. Poloz Ottawa, Ontario

  Governor Stephen S. Poloz offers sincere best wishes to new Governor Tiff Macklem on a successful term

  Content Type(s): Press, Speeches and appearances, Opening statements
• May 1, 2020

  Statement by Claire Kennedy on Announcement of New Governor

  Opening statement Claire M. C. Kennedy Ottawa, Ontario

  Lead Director Claire Kennedy congratulates Tiff Macklem on being selected as the 10th Governor of the Bank of Canada and thanks Stephen Poloz for his service.

  Content Type(s): Press, Speeches and appearances, Opening statements
• May 1, 2020

  Statement by Tiff Macklem on his announcement as New Governor

  Opening statement Tiff Macklem Ottawa, Ontario

  Governor-designate Tiff Macklem applauds Stephen Poloz’s leadership of the Bank and explains how much he looks forward to returning to the Bank as its next Governor.

  Content Type(s): Press, Speeches and appearances, Opening statements