September 16, 1997
Uncategorized
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Measurement of the Output Gap: A Discussion of Recent Research at the Bank of Canada
In this paper, we discuss some methodologies for estimating potential output and the output gap that have recently been studied at the Bank of Canada. The assumptions and econometric techniques used by the different methodologies are discussed in turn, and applications to Canadian data are presented. -
June 26, 1997
Bank Rate Raised 1/4 of a Percentage Point
The Bank of Canada indicated today that it had raised the Bank Rate by 1/4 of one percentage point to 3 1/2 per cent. -
June 18, 1997
The Canadian economy: Challenges and prospects
Once a year, the Bank of Canada's Board of Directors meets outside Ottawa, alternating among the provinces. I am delighted that this year's out-of-town meeting has brought us to the beautiful and historic city of Quebec. I would like to take this opportunity to talk to you about recent developments in our economy. -
What Does Downward Nominal-Wage Rigidity Imply for Monetary Policy?
A recent paper has suggested there might be a trade-off between inflation and unemployment at low inflation rates and this has led some economists to recommend that Canada increase its inflation rate. -
May 30, 1997
Flexible Exchange Rates in a World of Low Inflation
There is a good deal of discussion these days about Economic and Monetary Union (EMU) in Europe - about the benefits and difficulties of organizing such a union. However, today I would like to examine a somewhat different issue, one that is at the other end of the spectrum; namely, How is the international system of flexible exchange rates working these days? -
May 20, 1997
Monetary Policy Report – May 1997
Since the last Report, the Canadian economy has advanced broadly in line with expectations. -
May 1, 1997
Price Stability, Inflation Targets and Monetary Policy
Proceedings of a conference - May 1997 (proceedings volume, available in electronic format only) -
April 23, 1997
Bank of Canada Announces Appointment of Senior Regional Representatives
The Bank of Canada today announced the appointment of senior representatives who will staff its five regional offices across Canada. -
March 21, 1997
Monetary Policy and the Prospects for a Stronger Canadian Economy
Anyone who has read our last Monetary Policy Report, the winter issue of the Bank of Canada Review, or our just-released Annual Report knows that the Bank has been positive about Canada's economic outlook. Basically, we are looking for a solid pickup in the pace of economic expansion in coming months, with inflation remaining low. And, with improvements in the basic foundation of our economy, we see the potential for sustained good economic performance over the medium term.