Uncategorized

• June 30, 2018

  Research Update - June 2018

  This monthly newsletter features the latest research publications by Bank of Canada economists including external publications and working papers published on the Bank of Canada’s website.

  Content Type(s): Staff research, Research newsletters
• June 29, 2018

  Business Outlook Survey - Summer 2018

  Supported by expectations of sustained demand, responses to the summer Business Outlook Survey point to continued business optimism, particularly outside the energy-producing regions. In this context, firms reported increasing pressures on capacity and prices.

  Content Type(s): Publications, Business Outlook Survey
• June 29, 2018

  Senior Loan Officer Survey—Second Quarter of 2018

  Survey results for the second quarter of 2018 suggest that overall lending conditions eased somewhat, both for households and business, driven by competition for mortgage and corporate lending.

  Content Type(s): Publications, Senior Loan Officer Survey
• June 27, 2018

  Transparency strengthens public trust and makes monetary policy more effective, Governor Poloz says

  Media Relations Victoria, British Columbia

  Transparency in monetary policy can help build trust with the public and financial markets and promote a more resilient economy, Governor Stephen S. Poloz said in a speech today.

  Content Type(s): Press, Press releases

• Readability and the Bank of Canada

  Staff Analytical Note 2018-20 Alexandre Deslongchamps

  In this note, I assess the readability of Bank of Canada publications using a formula commonly used for this type of evaluation. I find that Bank publications are more difficult to read than the media articles and other content our target audiences likely consume. This suggests that more simple writing can help the Bank better meet its communication objectives.

  Content Type(s): Staff research, Staff analytical notes Topic(s): Credibility, Monetary policy communications JEL Code(s): D, D8, D83
• June 27, 2018

  Let Me Be Clear: From Transparency to Trust and Understanding

  Remarks Stephen S. Poloz Greater Victoria Chamber of Commerce Victoria, British Columbia

  Governor Poloz talks about how the Bank is improving communications with the public and helping financial markets understand its monetary policy approach.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Credibility, Financial markets, Inflation targets, Monetary policy, Monetary policy and uncertainty, Recent economic and financial developments

• Bootstrapping Mean Squared Errors of Robust Small-Area Estimators: Application to the Method-of-Payments Data

  Staff Working Paper 2018-28 Valéry Dongmo Jiongo, Pierre Nguimkeu

  This paper proposes a new bootstrap procedure for mean squared errors of robust small-area estimators. We formally prove the asymptotic validity of the proposed bootstrap method and examine its finite sample performance through Monte Carlo simulations.

  Content Type(s): Staff research, Staff working papers Topic(s): Bank notes, Econometric and statistical methods JEL Code(s): C, C1, C13, C15, C8, C83, E, E4, E41
• June 26, 2018

  CFIF Meeting (June 26, 2018)

  Content Type(s): Meetings Source(s): Canadian Fixed-Income Forum

• Swedish Riksbank Notes and Enskilda Bank Notes: Lessons for Digital Currencies

  Staff Working Paper 2018-27 Ben Fung, Scott Hendry, Warren E. Weber

  This paper examines the experience of Sweden with government notes and private bank notes to determine how well the Swedish experience corresponds to that of Canada and the United States. Sweden is important to study because it has had government notes in circulation for more than 350 years, and it had government notes before private bank notes.

  Content Type(s): Staff research, Staff working papers Topic(s): Bank notes, Digital currencies and fintech, Financial services JEL Code(s): E, E4, E41, E42, E5, E58
• June 25, 2018

  CARR Meeting (June 25, 2018)

  Content Type(s): Meetings Source(s): Canadian Alternative Reference Rate Working Group