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• Are Currency Crises Low-State Equilibria? An Empirical, Three-Interest-Rate Model

  Staff Working Paper 2006-5 Christopher Cornell, Raphael Solomon

  Suppose that the dynamics of the macroeconomy were given by (partly) random fluctuations between two equilibria: "good" and "bad."

  Content Type(s): Staff research, Staff working papers Research Topic(s): Monetary policy and uncertainty JEL Code(s): C, C6, C62, E, E5, E59, F, F4, F41

• Forecasting Canadian Time Series with the New Keynesian Model

  Staff Working Paper 2006-4 Ali Dib, Mohamed Gammoudi, Kevin Moran

  The authors document the out-of-sample forecasting accuracy of the New Keynesian model for Canada.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Business fluctuations and cycles, Econometric and statistical methods, Economic models JEL Code(s): C, C1, C12, E, E3, E32, E37
• March 1, 2006

  A Primer on Canada’s Large Value Transfer System

  Darcey McVanel, Neville Arjani

  This paper provides a comprehensive overview of Canada’s Large Value Transfer System (LVTS).

  Content Type(s): Background materials Research Topic(s): Payment clearing and settlement systems
• February 6, 2006

  Global Imbalances and the Canadian Economy

  Remarks David Dodge Barbados International Business Association Bridgetown, Barbados

  Canada and Barbados may not have much in common in terms of climate, but we both have very open economies. So we both rely on good economic performance globally for good performance domestically.

  Content Type(s): Press, Speeches and appearances, Remarks
• February 1, 2006

  Inflation Targeting: Problems and Opportunities

  Proceedings of a Conference Co-sponsored by the New York Association for Business Economics and the Canadian Consulate General in New York, February 2006 (papers in unedited, electronic format only)

  Content Type(s): Conferences and workshops
• February 1, 2006

  Global Economic Trends: Implications for Canada

  Remarks Paul Jenkins Saint John Board of Trade Saint John, New Brunswick

  World economic growth has been remarkably strong over the past three years, averaging close to 4 1/4 per cent, and it is expected to stay around 4 per cent this year and next.

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

• The Institutional and Political Determinants of Fiscal Adjustment

  Staff Working Paper 2006-1 Robert Lavigne

  The author empirically assesses the effects of institutional and political factors on the need and willingness of governments to make large fiscal adjustments.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Development economics, Econometric and statistical methods, Fiscal policy, International topics JEL Code(s): E, E6, E62, O, O1, O17, O19
• January 30, 2006

  Annual Report 2005

  

  In 2005, the Bank of Canada celebrated its 70th anniversary. Since the Bank opened its doors in March 1935, it has evolved into a national institution at the heart of Canada’s economy. We had a lot to celebrate in 2005—particularly our progress over the past 70 yearsand our continuing contribution to the economic and financial well-being of Canadians.

  Content Type(s): Publications, Annual Report
• January 26, 2006

  Release of the Monetary Policy Report Update

  Opening statement David Dodge

  The Canadian and world economies are evolving essentially in line with the Bank's expectations, and the outlook for growth and inflation in Canada is similar to that in the October MPR. Canada's economy continues to adjust to global developments and to the associated changes in relative prices.

  Content Type(s): Press, Speeches and appearances, Opening statements
• January 26, 2006

  Monetary Policy Report Update – January 2006

  The Canadian and global economies are evolving essentially in line with the Bank’s expectations.

  Content Type(s): Publications, Monetary Policy Report