Uncategorized

• December 15, 2009

  Changes to the Terms of the Bank of Canada's Term Purchase and Resale Agreement (PRA) Facility

  Given improved conditions in Canadian funding markets, the Bank of Canada is announcing that effective 19 January 2010 the following changes will apply to the Term PRA facility.

  Content Type(s): Press, Market notices

• Estimating DSGE-Model-Consistent Trends for Use in Forecasting

  Staff Working Paper 2009-35 Jean-Philippe Cayen, Marc-André Gosselin, Sharon Kozicki

  The workhorse DSGE model used for monetary policy evaluation is designed to capture business cycle fluctuations in an optimization-based format. It is commonplace to log-linearize models and express them with variables in deviation-from-steady-state format.

  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, E5, E52

• A Consistent Test for Multivariate Conditional Distributions

  Staff Working Paper 2009-34 Fuchun Li, Greg Tkacz

  We propose a new test for a multivariate parametric conditional distribution of a vector of variables y_t given a conditional vector x_t.

  Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods JEL Code(s): C, C1, C12, C2, C22
• December 14, 2009

  Liquidity Standards in a Macroprudential Context

  Financial System Review - December 2009 Carol Ann Northcott, Mark Zelmer

  Content Type(s): Publications, Financial System Review articles
• December 14, 2009

  Reform of Securitization

  Financial System Review - December 2009 Jack Selody, Elizabeth Woodman

  Content Type(s): Publications, Financial System Review articles
• December 14, 2009

  Towards a Stress-Testing Model Consistent with the Macroprudential Approach

  Financial System Review - December 2009 Céline Gauthier, Alfred Lehar, Moez Souissi

  Content Type(s): Publications, Financial System Review articles
• December 14, 2009

  Financial System Review - December 2009

  

  Conditions in the international financial system have improved considerably since June in response to the forceful actions taken by policy-makers around the world.

  FSR Highlights - December 2009

  Content Type(s): Publications, Financial Stability Report
• December 8, 2009

  Bank of Canada maintains overnight rate target at 1/4 per cent and reiterates conditional commitment to hold current policy rate until the end of the second quarter of 2010

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/4 per cent.

  Content Type(s): Press, Press releases
• December 7, 2009

  Results of the 7 December 2009 Term PRA Transaction

  The results of today's term PRA operations are as follows.

  Content Type(s): Press, Market notices
• December 4, 2009

  Bank of Canada Announces Details of its Term PRA Operation

  In accordance with the schedule of term purchase and resale agreement (PRA) auctions announced on 20 October (see schedule), the Bank of Canada announced today that it will conduct a term PRA operation as follows.

  Content Type(s): Press, Market notices