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• Uninsured Idiosyncratic Production Risk with Borrowing Constraints

  Staff Working Paper 2005-26 Francisco Covas

  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.

  Content Type(s): Staff research, Staff working papers Topic(s): Economic models, Financial institutions, Financial markets JEL Code(s): E, E2, E22, G, G1, G11, M, M1, M13
• September 22, 2005

  Financial System Efficiency: Getting the Regulatory Framework Right

  Remarks David Dodge Toronto CFA Society Toronto, Ontario

  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.

  Content Type(s): Press, Speeches and appearances, Remarks
• September 9, 2005

  The Evolution and Resolution of Global Imbalances

  Remarks David Dodge Spruce Meadows Roundtable Calgary, Alberta

  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.

  Content Type(s): Press, Speeches and appearances, Remarks
• September 7, 2005

  Bank of Canada raises overnight rate target by 1/4 percentage point to 2 3/4 per cent

  Media Relations Ottawa, Ontario

  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.

  Content Type(s): Press, Press releases
• August 11, 2005

  Bank of Canada releases 2006 schedule of dates for its policy interest rate announcements

  Media Relations Ottawa, Ontario

  The announcement dates from September 2005 through December 2006

  Content Type(s): Press, Press releases
• 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.

  Content Type(s): Press, Market notices
• 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.
• July 28, 2005

  Bank of Canada Announces Appointment of Special Adviser

  Media Relations Ottawa, Ontario

  Mr. Little, who will join the Bank in September, is a recently retired journalist from the Globe and Mail, where he spent most of the past two decades writing about economics and public finance.

  Content Type(s): Press, Press releases
• July 14, 2005

  Release of the Monetary Policy Report Update

  Opening statement David Dodge

  Global and Canadian economic developments have been unfolding broadly as expected, and the Bank's outlook for output and inflation in Canada through to the end of 2006 is little changed from the scenario outlined in the April Report. Strong growth in final domestic demand in Canada continues to offset the drag from net exports.

  Content Type(s): Press, Speeches and appearances, Opening statements
• July 14, 2005

  Monetary Policy Report Update – July 2005

  The update on global and Canadian economic developments presented in this Report highlights three issues.

  Content Type(s): Publications, Monetary Policy Report