Uncategorized
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June 27, 2023
Panel participation by Sharon Kozicki, Deputy Governor of the Bank of Canada
On Tuesday, June 27, 2023, Sharon Kozicki, Deputy Governor of the Bank of Canada, will participate in a panel discussion at the ECB Forum on Central Banking 2023. -
Estimating the Slope of the Demand Function at Auctions for Government of Canada Bonds
We use bid data from Government of Canada bond auctions between 1999 and 2021 to gauge the yield sensitivity of these bonds to the issuance amount. Our new metric estimates the demand function of the bidders at each auction and offers insights into the relationship between supply and yield of government bonds. -
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Why Consumers Disagree About Future Inflation
Since 2022, consumer inflation expectations have shifted, with a significant increase in those expecting high inflation in the coming year and a surge in those expecting deflation further in the future. Using data from the Canadian Survey of Consumer Expectations, this paper seeks to assess the factors that influence people to expect high inflation, moderate inflation or deflation. -
June 21, 2023
Summary of Governing Council deliberations: Fixed announcement date of June 7, 2023
This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on June 7, 2023. -
June 21, 2023
Release of the Bank of Canada’s summary of deliberations
On Wednesday, June 21, 2023, the Bank of Canada will publish a summary of the deliberations that took place ahead of its interest rate decision on June 7, 2023. -
June 20, 2023
The Daily Courier
Tiff Macklem, Governor of the Bank of Canada
Interview with the Kelowna Daily Courier -
Markups and inflation during the COVID-19 pandemic
We find that prices and costs for consumer-oriented firms moved roughly one-for-one during the COVID-19 pandemic. This means firms fully passed rising costs through to the prices they charged. However, our results are suggestive, given data limitations and the uncertainty associated with estimating markups.