An Eclectic Approach to Estimating U.S. Potential GDP
The authors describe the principal results obtained from a new method applied to the estimation of potential U.S. GDP.
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Labour Markets, Liquidity, and Monetary Policy Regimes
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. -
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) -
October 24, 2002
Release of the Monetary Policy Report
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. -
October 23, 2002
Monetary Policy Report – October 2002
Over the past year, Canada’s economy has outperformed the economies of virtually all the other major industrial countries. -
October 23, 2002
Opening Statement before the House of Commons Standing Committee on Finance
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. -
October 23, 2002
Release of the Monetary Policy Report
Today, we released our October Monetary Policy Report, in which we discuss economic and financial trends in the context of Canada's inflation-control strategy. -
October 17, 2002
The Search for Higher Productivity
Given the extent of uncertainty in the world today, we are all naturally preoccupied with near-term issues and prospects. That's understandable. But, at the same time, it's critical that we look past the short-term to the longer-term trends and potential of our economy. -
October 16, 2002
Bank of Canada keeps target for the overnight rate at 2 3/4 per cent
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 2 3/4 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 3 per cent. -
October 5, 2002
Dollarization and North American Integration
The question before us sounds straightforward: "Should Canada adopt the U.S. dollar?" But the issues are complicated. I will not pretend that I can cover all the nuances of this topic in my allotted time. So I am running the risk that I may oversimplify matters.