Uncategorized

• The Performance and Robustness of Simple Monetary Policy Rules in Models of the Canadian Economy

  Technical Report No. 92 Denise Côté, John Kuszczak, Jean-Paul Lam, Ying Liu, Pierre St-Amant

  In this report, we evaluate several simple monetary policy rules in twelve private and public sector models of the Canadian economy. Our results indicate that none of the simple policy rules we examined is robust to model uncertainty, in that no single rule performs well in all models.

  Content Type(s): Staff research, Technical reports Topic(s): Monetary policy and uncertainty JEL Code(s): E, E5, E52, E58
• November 25, 2002

  Debt-Strategy Consultations 2003/04 - Views Sought on Issues Relating to the Design and Operation of Government Debt Programs in 2003/04 and Beyond

  A consultation document on issues relating to the design and operation of government debt programs for fiscal year 2003/04 and beyond, prepared jointly by the Department of Finance and the Bank of Canada, was published today. Debt-strategy planning is based on the fiscal outlook in the 2002 Economic and Fiscal Update released 30 October 2002, which projects that government borrowing in financial markets will remain near current levels.

  Content Type(s): Press, Market notices
• November 25, 2002

  Debt-Strategy 2003/04 Consultation Document

  The purpose of the consultations is to obtain the views of market participants on issues relating to the design and operation of government debt programs for fiscal year 2003/04 and beyond.
• November 25, 2002

  Turnaround Time and Timing for Government of Canada Securities Auctions and Repurchase Operations

  Effective 9 December 2002, the turnaround time for Government of Canada securities auctions will be reduced from 15 minutes to 10 minutes, and the turnaround time for repurchase operations will be reduced from 30 minutes to 15 minutes. Coincident with these changes, the submission deadline for buybacks on a cash basis will be advanced from 1:15 p.m to 1:00 p.m.

  Content Type(s): Press, Market notices
• November 18, 2002

  Promoting Canada's Economic and Financial Welfare

  Remarks David Dodge Calgary Chamber of Commerce Calgary, Alberta

  It's been a difficult year for many sectors of the Alberta economy. Certainly, the severe drought hurt many western farmers, and investment in the energy sector was held back by low oil and gas prices. In addition, the slump in the telecom sector has affected Calgary.

  Content Type(s): Press, Speeches and appearances, Remarks
• November 12, 2002

  Staying the Course

  Remarks David Dodge a panel discussion at the Banco de México Mexico City, Mexico

  The dramatic events of the last two years and growing concern about the near-term prospects for the global economy have created a climate in which policy-makers focus only on current economic developments and lose sight of longer-term goals.

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

• An Eclectic Approach to Estimating U.S. Potential GDP

  Staff Working Paper 2002-36 Marc-André Gosselin, René Lalonde

  The authors describe the principal results obtained from a new method applied to the estimation of potential U.S. GDP.

  Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Econometric and statistical methods, Potential output JEL Code(s): C, C3, C32, E, E2, E23, E3, E32

• Labour Markets, Liquidity, and Monetary Policy Regimes

  Staff Working Paper 2002-32 David Andolfatto, Scott Hendry, Kevin Moran

  We develop an equilibrium model of the monetary policy transmission mechanism that highlights information frictions in the market for money and search frictions in the market for labour.

  Content Type(s): Staff research, Staff working papers Topic(s): Monetary policy and uncertainty, Monetary policy transmission JEL Code(s): E, E4, E5
• November 1, 2002

  Price Adjustment and Monetary Policy

  Proceedings of a conference held by the Bank of Canada, November 2002 (proceedings volume, available in electronic format only)

  Content Type(s): Conferences and workshops
• October 24, 2002

  Release of the Monetary Policy Report

  Opening statement David Dodge Press conference in New York

  The Canadian economy has been expanding strongly so far this year and is now operating fairly close to its full production capacity. Consumer price inflation has risen above the 2 per cent target and is expected to rise further before year-end because of high oil prices and a number of other relative price movements.

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