Uncategorized

• Optimal Monetary Policy and Price Stability Over the Long-Run

  Staff Working Paper 2007-26 Oleksiy Kryvtsov, Malik Shukayev, Alexander Ueberfeldt

  This paper examines the role of monetary policy in an environment with aggregate risk and incomplete markets. In a two-period overlapping-generations model with aggregate uncertainty and nominal bonds, optimal monetary policy attains the ex-ante Pareto optimal allocation.

  Content Type(s): Staff research, Staff working papers Topic(s): Monetary policy framework JEL Code(s): E, E5
• March 29, 2007

  The Bank of Canada Releases Its Annual Report for 2006

  Media Relations Ottawa, Ontario

  The Bank of Canada's Annual Report for 2006 was tabled in the House of Commons today.

  Content Type(s): Press, Press releases
• March 29, 2007

  Promoting Sound Economic Policies Globally and Locally

  Remarks David Dodge Americas Society and the Council of the Americas New York, New York

  In my opinion, much of this performance can be credited to the increasingly widespread acceptance of the need for a liberalized worldwide financial and trade order. Many countries that once closed themselves to the outside world are now actively engaged in the global economy.

  Content Type(s): Press, Speeches and appearances, Remarks
• March 22, 2007

  Spring 2007 Consultations – Views Sought on the Auction Plan for Real Return Bonds

  A consultation document relating to the auction schedule for Real Return Bonds for the fiscal year 2007/08, prepared jointly by the Department of Finance and the Bank of Canada, is being made public today.

  Content Type(s): Press, Market notices
• March 22, 2007

  Promoting Economic Flexibility: A Shared Responsibility

  Presentation Paul Jenkins The Economist Business Roundtable with the Government of Canada

  These remarks are based on a to the Vancouver Board of Trade, 13 September 2006.

  Content Type(s): Press, Speeches and appearances, Presentations
• March 22, 2007

  Spring 2007 Consultations Document

  In view of the announcement in the Debt Management Strategy for 2007/08 of an increase in the issuance of Real Return Bonds (RRBs) to slightly over $2 billion, the Department of Finance and the Bank of Canada are seeking the views of institutional investors, government securities distributors, and other interested parties regarding the RRB auction plan.
• March 19, 2007

  Summary of Comments - 2007/08 Debt Strategy Consultations

  Today, a Summary of Comments on the Debt Strategy Consultations for 2007/08 is being published on the Bank's website in conjunction with the release of the government's Debt Management Strategy for 2007/08 on the Department of Finance website.

  Content Type(s): Press, Market notices
• March 19, 2007

  Summary of Comments – 2007/08 Debt Strategy Consultations

  In December 2006, officials from the Department of Finance and the Bank of Canada sought views from government securities distributors, institutional investors, and other interested parties on the state of the Government of Canada securities market in an environment of limited borrowing needs.

• Order Aggressiveness and Quantity: How Are They Determined in a Limit Order Market?

  Staff Working Paper 2007-23 Ingrid Lo, Stephen Sapp

  Dealers trading in a limit order market must choose both the order aggressiveness and the quantity for their orders. We empirically investigate how dealers jointly make these decisions in the foreign exchange market using a unique simultaneous equations model.

  Content Type(s): Staff research, Staff working papers Topic(s): Exchange rates, Financial markets JEL Code(s): G, G1, G14
• March 9, 2007

  Bank of Canada Announces Research Fellowship for 2007

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that Professor Jean-Marie Dufour of the Université de Montréal is the recipient of the Bank's Research Fellowship for 2007.

  Content Type(s): Press, Press releases Source(s): Fellowship Program