October 7, 2005
Uncategorized
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Has Exchange Rate Pass-Through Really Declined in Canada?
Several empirical studies suggest that exchange rate pass-through has declined in recent years in industrialized countries. -
Inflation Dynamics and the New Keynesian Phillips Curve: An Identification-Robust Econometric Analysis
The authors use identification-robust methods to assess the empirical adequacy of a New Keynesian Phillips curve (NKPC) equation. -
Uninsured Idiosyncratic Production Risk with Borrowing Constraints
The author analyzes a general-equilibrium model of a heterogeneous agents economy in which the agents are subject to borrowing constraints and uninsurable idiosyncratic production risk. -
September 22, 2005
Financial System Efficiency: Getting the Regulatory Framework Right
The Bank of Canada has been contributing to the goal of an efficient financial system in a number of ways. The Bank's monetary policy aims to keep inflation low, stable, and predictable. -
September 9, 2005
The Evolution and Resolution of Global Imbalances
Today, I will talk about two types of global economic imbalances. The first relates to the way that savings and investment are being distributed across countries in an increasingly uneven way. The second is the possibility that, over the next couple of decades, the global economy might face a protracted period in which desired savings exceed planned investment, partly because of demographic trends. -
September 7, 2005
Bank of Canada raises overnight rate target by 1/4 percentage point to 2 3/4 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 2 3/4 per cent. -
August 11, 2005
Bank of Canada releases 2006 schedule of dates for its policy interest rate announcements
The announcement dates from September 2005 through December 2006 -
August 8, 2005
Review of the Government of Canada Debt Distribution Framework
Today, the findings of the review and Changes to the Government of Canada Debt Distribution Framework are being made public on the Bank's website. The changes will become effective in October 2005, following the update of the Terms of Participation and the Standard Terms for Government of Canada auctions. -
August 8, 2005
Changes to the Government of Canada Debt Distribution Framework
The purpose of the framework for distributing the government's debt securities is to raise stable, low-cost funding for the government and to support a well-functioning market for Government of Canada securities.