Uncategorized

• Information Flows and Aggregate Persistence

  Staff Working Paper 2009-11 Oleksiy Kryvtsov

  Models with imperfect information that generate persistent monetary nonneutrality predominantly rely on assumptions leading to substantial heterogeneity of information across price-setters. This paper develops a quantitative general equilibrium model in which the degree of heterogeneity of information is determined endogenously.

  Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Inflation and prices, Monetary policy transmission JEL Code(s): D, D8, D83, E, E3, E31, E32
• April 1, 2009

  Rebuilding Confidence in the Global Economy

  Remarks Mark Carney Northwest Territories Chamber of Commerce and Yellowknife Chamber of Commerce Yellowknife, Northwest Territories

  These are very challenging times. The Canadian economy is in recession. The global economy is facing a crisis of confidence, triggered by the most severe financial meltdown since the Great Depression; fanned by sharp falls in trade, manufacturing output, and financial wealth; and intensified by steep increases in unemployment.

  Content Type(s): Press, Speeches and appearances, Remarks
• March 31, 2009

  Results of the 31 March 2009 Term PRA Transaction for Private Sector Instruments

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

  Content Type(s): Press, Market notices
• March 30, 2009

  What Are Banks Really For?

  Remarks Mark Carney University of Alberta School of Business Edmonton, Alberta

  Across the world's major economies, addressing the failures of banking ranks among the highest policy priorities. In the harsh glare of the current financial turmoil, it is clear that many banks outside of Canada were either not doing their jobs or were doing them in ways that created enormous risks.

  Content Type(s): Press, Speeches and appearances, Remarks
• March 30, 2009

  Results of the 30 March 2009 Term PRA Transaction

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

  Content Type(s): Press, Market notices
• March 30, 2009

  Results for the 30 March 2009 Term Loan Facility

  The results of today's TLF operation are as follows.

  Content Type(s): Press, Market notices
• March 27, 2009

  Bank of Canada Announces Details of its Term PRA for Private Sector Instruments Operation

  In accordance with the schedule of term purchase and resale agreement (PRA) auctions for private sector instruments announced on 6 March, the Bank of Canada announced today that it will conduct a 28-day term PRA operation for private sector instruments as follows.

  Content Type(s): Press, Market notices
• March 27, 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 6 March, the Bank of Canada announced today that it will conduct a 27-day term PRA operation as follows.

  Content Type(s): Press, Market notices
• March 27, 2009

  Bank of Canada Announces Details of its Term Loan Facility Operation

  In accordance with the schedule of Term Loan Facility (TLF) auctions announced on 6 March, the Bank of Canada announced today that it will conduct a 30-day TLF operation as follows.

  Content Type(s): Press, Market notices
• March 26, 2009

  Quarterly Bond Schedule and Further Details on the 2009-2010 Debt Program

  Today, the Quarterly Bond Schedule is being published on the Bank of Canada's website in conjunction with the release of the NHA MBS Auction Schedule on the website of the Canada Mortgage and Housing Corporation.

  Content Type(s): Press, Market notices