August 22, 2007
Uncategorized
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August 15, 2007
Bank of Canada Temporarily Expands List of Collateral Eligible for SPRA Transactions
As part of its continuing provision of liquidity in support of the efficient functioning of financial markets, the Bank of Canada announced today that it is temporarily expanding the list of collateral eligible for use by market participants in Special Purchase and Resale Agreements (SPRAs). -
Endogenously Segmented Asset Market in an Inventory Theoretic Model of Money Demand
This paper studies the effects of monetary policy in an inventory theoretic model of money demand. In this model, agents keep inventories of money, despite the fact that money is dominated in rate of return by interest bearing assets, because they must pay a fixed cost to transfer funds between the asset market and the goods market. -
Canada's Pioneering Experience with a Flexible Exchange Rate in the 1950s: (Hard) Lessons Learned for Monetary Policy in a Small Open Economy
This paper revisits Canada's pioneering experience with floating exchange rate over the period 1950–1962. It examines whether the floating rate was the best option for Canada in the 1950s by developing and estimating a New Keynesian small open economy model of the Canadian economy. -
Trend Inflation, Wage and Price Rigidities, and Welfare
This paper studies the steady-state costs of inflation in a general-equilibrium model with real per capita output growth and staggered nominal price and wage contracts. -
July 25, 2007
Bank of Canada releases 2008 schedule of dates for its policy interest rate announcements
The Bank of Canada today released its 2008 schedule of eight dates for announcing decisions on its key policy interest rate, and confirmed the announcement dates for the remainder of this year. -
July 12, 2007
Release of the Monetary Policy Report Update
Economic growth and inflation in Canada in the first half of this year have been stronger than was expected in the April Monetary Policy Report. The Bank judges that the economy is now operating further above its production potential than was projected in April. -
July 12, 2007
Monetary Policy Report Update – July 2007
Economic growth and inflation in Canada in the first half of this year have been stronger than expected in the April Monetary Policy Report. -
July 10, 2007
Bank of Canada raises overnight rate target by 1/4 percentage point to 4 1/2 per cent
The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 4 1/2 per cent. -
July 5, 2007
The Bank of Canada - Rotman School of Management Workshop on Advances in Portfolio Management
Conference held on 5 to 7 July 2007 (papers in unedited, electronic format only)