Uncategorized

• June 2, 2005

  Monetary Policy and the Exchange Rate in Canada

  Remarks David Dodge Canada China Business Council Beijing, China

  Canada's experience is interesting and potentially insightful for two important reasons. First, Canada has more experience with a flexible exchange rate than almost any other country.

  Content Type(s): Press, Speeches and appearances, Remarks
• May 30, 2005

  Reflections on the International Economic and Monetary Order

  Remarks David Dodge la Conférence de Montréal Montréal, Quebec

  Up to now, world capital markets have been managing these imbalances in a reasonably smooth way. In the short term, it is reasonable to expect that they will continue to do so. But over the medium term, imbalances of this magnitude are not sustainable.

  Content Type(s): Press, Speeches and appearances, Remarks
• May 27, 2005

  70 Years of Central Banking in Canada

  Remarks David Dodge Canadian Economics Association Hamilton, Ontario

  The Bank opened its doors on 11 March 1935, at the height of the Great Depression, and immediately faced enormous challenges. In meeting those challenges, the new Bank of Canada drew on the experience of other, established central banks. It received valuable guidance in functions such as the issuance of bank notes, managing foreign exchange reserves, and promoting financial stability.

  Content Type(s): Press, Speeches and appearances, Remarks
• May 25, 2005

  Bank of Canada keeps target for the overnight rate at 2 1/2 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is maintaining its target for the overnight rate at 2 1/2 per cent.

  Content Type(s): Press, Press releases
• May 19, 2005

  Bank of Canada announces the publication of the first issue of the International Journal of Central Banking

  Media Relations

  The Bank of Canada, along with the other sponsoring organizations1 of the International Journal of Central Banking (IJCB), today announced the publication of the journal's first issue and the launch of a website, hosted by the Bank for International Settlements.

  Content Type(s): Press, Press releases
• May 18, 2005

  Bank of Canada Issues Upgraded $10 Bank Note

  Media Relations Ottawa, Ontario

  The Bank of Canada today put into circulation an upgraded $10 bank note with enhanced security features. The design, colour, and theme (Remembrance and Peacekeeping) of the upgraded $10 note are the same as those of the previously issued $10 note from the Canadian Journey series.

  Content Type(s): Press, Press releases
• May 17, 2005

  Bank of Canada announces reallocation of Deputy Governor responsibilities

  Media Relations Ottawa, Ontario

  Bank of Canada Governor David Dodge and Senior Deputy Governor Paul Jenkins today announced a reallocation of responsibilities among several Deputy Governors.

  Content Type(s): Press, Press releases
• May 17, 2005

  Bank of Canada announces senior management appointments

  Media Relations Ottawa, Ontario

  Bank of Canada Governor David Dodge and Senior Deputy Governor Paul Jenkins, on behalf of the Board of Directors, today announced a number of new appointments to the senior management team.

  Content Type(s): Press, Press releases
• May 6, 2005

  The Canadian Economy: Adjusting to Global Economic Forces

  Remarks David Dodge Ottawa Chamber of Commerce Ottawa, Ontario

  The year 2005 marks the 150th anniversary of the establishment of Ottawa as a city. On 1 January 1855, the logging community of Bytown was formally incorporated as a city and adopted Ottawa as its new name.

  Content Type(s): Press, Speeches and appearances, Remarks

• Learning-by-Doing or Habit Formation?

  Staff Working Paper 2005-15 Hafedh Bouakez, Takashi Kano

  In a recent paper, Chang, Gomes, and Schorfheide (2002) extend the standard real business cycle (RBC) model to allow for a learning-by-doing (LBD) mechanism whereby current labour supply affects future productivity.

  Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Econometric and statistical methods, Economic models, Labour markets JEL Code(s): C, C5, C52, E, E3, E32, J, J2, J22