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June 18, 2003
Recent Economic Developments and the Conduct of Monetary Policy
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. -
June 12, 2003
Recent Economic Developments and the Conduct of Monetary Policy
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. -
June 11, 2003
It All Starts with the Data
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. -
June 5, 2003
How Sound Economic Policies Help During Uncertain Times
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. -
June 3, 2003
Bank of Canada keeps target for the overnight rate at 3 1/4 per cent
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 3 1/4 per cent. -
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) -
Explaining and Forecasting Inflation in Emerging Markets: The Case of Mexico
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. -
An Index of Financial Stress for Canada
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.