Uncategorized

• June 18, 2003

  Recent Economic Developments and the Conduct of Monetary Policy

  Remarks David Dodge Metropolitan Halifax Chamber of Commerce Halifax, Nova Scotia

  It's been a year since I last spoke in Halifax, and a lot has changed since then. We've witnessed some extraordinary events, both in Canada and around the world. On the whole, Canada's economy has withstood the turmoil quite well. The impact of some more recent events is not yet clear.

  Content Type(s): Press, Speeches and appearances, Remarks
• June 12, 2003

  Recent Economic Developments and the Conduct of Monetary Policy

  Remarks David Dodge Conseil du patronat du Québec Montréal, Quebec

  I want to talk to you about the Canadian economy - how it has evolved over the past few months and what are the prospects ahead. In doing so, I will review the economic forecast from our latest Monetary Policy Report, which we published in April. Then I will talk about what has changed since that time.

  Content Type(s): Press, Speeches and appearances, Remarks
• June 11, 2003

  It All Starts with the Data

  Remarks David Dodge Conference of European Statisticians Geneva, Switzerland

  Our statistical needs are fundamentally shaped by what we are expected to do under our mandate. The primary goal of most central banks today is to conduct monetary policy so as to achieve and maintain price stability. Low, stable, and predictable inflation is the means to our ultimate objective of solid economic performance over time.

  Content Type(s): Press, Speeches and appearances, Remarks
• June 5, 2003

  How Sound Economic Policies Help During Uncertain Times

  Remarks David Dodge German-Canadian Business Club of Berlin-Brandenburg Berlin, Germany

  It is an honour and a privilege to address the German-Canadian Business Club of Berlin-Brandenburg at its inaugural meeting. Groups such as this one serve many important purposes, not the least of which is the development of trading links that help to strengthen the economies of both our countries.

  Content Type(s): Press, Speeches and appearances, Remarks
• June 3, 2003

  Bank of Canada keeps target for the overnight rate at 3 1/4 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is maintaining its target for the overnight rate at 3 1/4 per cent.

  Content Type(s): Press, Press releases
• June 1, 2003

  Macroeconomics, Monetary Policy, and Financial Stability

  Proceedings of a conference held by the Bank of Canada, June 2003 (proceedings volume, available in electronic format only) (A Festschrift in Honour of Charles Freedman)

  Content Type(s): Conferences and workshops

• Explaining and Forecasting Inflation in Emerging Markets: The Case of Mexico

  Staff Working Paper 2003-17 Jeannine Bailliu, Daniel Garcés, Mark Kruger, Miguel Messmacher

  The authors apply existing inflation models that have worked well in industrialized countries to Mexico, an emerging market that has recently moved to adopt an inflation-targeting framework for monetary policy. They compare the performance of these models with a mark-up model that has been used extensively to analyze inflation in Mexico.

  Content Type(s): Staff research, Staff working papers Topic(s): Inflation and prices, International topics JEL Code(s): E, E3, E31, E37

• An Index of Financial Stress for Canada

  Staff Working Paper 2003-14 Mark Illing, Ying Liu

  The authors develop an index of financial stress for the Canadian financial system. Stress is defined as the force exerted on economic agents by uncertainty and changing expectations of loss in financial markets and institutions.

  Content Type(s): Staff research, Staff working papers Topic(s): Financial institutions, Financial markets JEL Code(s): E, E5, G, G1, G10
• May 13, 2003

  Policies to Sustain Growth Domestically and Internationally

  Remarks David Dodge Foreign Bankers' Association in the Netherlands Amsterdam, The Netherlands

  I have been looking forward to coming to Amsterdam since Governor Wellink extended the invitation last year. I must say that when you consider what has been happening in the world economy, it is certainly an interesting time to be a Canadian at international meetings such as the BIS meeting I attended yesterday.

  Content Type(s): Press, Speeches and appearances, Remarks
• April 30, 2003

  Opening Statement before the Senate Banking, Trade and Commerce Committee

  Opening statement David Dodge Senate Banking, Trade and Commerce Committee

  The last time I testified before this committee was in the spring of 2002, because we were unable to arrange our regular meeting last fall. You will recall that following the 11 September 2001 terrorist attacks in the United States, we quickly and aggressively cut our policy interest rate to shore up confidence and support domestic demand. By last spring, evidence had already started to build that demand was growing faster than the economy's production capacity.

  Content Type(s): Press, Speeches and appearances, Opening statements