Uncategorized

• Do Exchange Rates Affect the Capital-Labour Ratio? Panel Evidence from Canadian Manufacturing Industries

  Staff Working Paper 2005-12 Danny Leung, Terence Yuen

  Using industry-level data for Canadian manufacturing industries from 1981 to 1997, the authors find empirical evidence of a negative relationship between the capital-labour ratio and the user cost of capital relative to the price of labour.

  Content Type(s): Staff research, Staff working papers Topic(s): Exchange rates, Productivity JEL Code(s): F, F4

• State Dependence in Fundamentals and Preferences Explains Risk-Aversion Puzzle

  Staff Working Paper 2005-9 Fousseni Chabi-Yo, René Garcia, Eric Renault

  The authors examine the ability of economic models with regime shifts to rationalize and explain the risk-aversion and pricing-kernel puzzles put forward in Jackwerth (2000).

  Content Type(s): Staff research, Staff working papers Topic(s): Financial markets, Market structure and pricing JEL Code(s): G, G1, G12, G13
• March 30, 2005

  Canada's Competitiveness: The Importance of Investing in Skills

  Remarks David Dodge Humber College Institute of Technology & Advanced Learning Toronto, Ontario

  Productivity plays a critical role when it comes to our national standard of living. Productivity growth is the main element that contributes to continued improvements in real incomes and overall prosperity. Rising productivity lets businesses pay higher wages, while keeping costs down, employment high, and profits coming in. That's why economists like me spend a lot of time thinking about ways to improve the productivity of our economy.

  Content Type(s): Press, Speeches and appearances, Remarks
• March 28, 2005

  The Thiessen Lectures

  Lectures delivered by Gordon G. Thiessen, Governor of the Bank of Canada 1994 to 2001

  Content Type(s): Publications, Books and monographs
• March 21, 2005

  Debt Strategy Consultations 2005/06 and the Review of the Debt Distribution Framework - Summary of Comments

  In October and November 2004, officials from the Department of Finance and the Bank of Canada consulted with interested parties on issues related to the government's domestic debt program, and the review of the government's debt distribution framework.

  Content Type(s): Press, Market notices
• March 21, 2005

  Inflation Targeting: A Canadian Perspective

  Remarks David Dodge National Association for Business Economics Washington, D.C.

  The invitation is timely, given that the Bank of Canada's inflation-targeting agreement with the Canadian government is up for renewal next year. At the Bank, we are always reflecting on our framework, deciding what works well and what we can improve. Against that backdrop, we have watched with interest the debate taking place here in the United States - inside and outside the Federal Reserve - about whether that institution should join the ranks of inflation-targeting central banks.

  Content Type(s): Press, Speeches and appearances, Remarks
• March 21, 2005

  Summary of Comments—Debt Distribution Framework Consultations

  In the autumn of 2004, officials at the Department of Finance and the Bank of Canada launched a review of the debt distribution framework to assess the framework's effectiveness in ensuring that the government has continued access to stable, low-cost funding sources over a medium-term horizon and that the Government of Canada securities market continues to function well.
• March 21, 2005

  Summary of Comments – Debt Strategy 2005/06 Consultations

  In October 2004, officials from the Department of Finance and the Bank of Canada sought views from Government Securities Distributors and institutional investors on a number of issues related to the design and operation of the domestic debt programs.
• March 2, 2005

  Bank of Canada Announces Research Fellowship for 2005

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that Professor Paul Beaudry of the University of British Columbia is the recipient of the Bank's Research Fellowship for 2005.

  Content Type(s): Press, Press releases Source(s): Fellowship Program
• March 1, 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