Uncategorized

• Sectoral Uncertainty

  Staff Working Paper 2022-38 Efrem Castelnuovo, Kerem Tuzcuoglu, Luis Uzeda

  We propose a new empirical framework that jointly decomposes the conditional variance of economic time series into a common and a sector-specific uncertainty component. We apply our framework to a disaggregated industrial production series for the US economy. We identify unexpected changes in durable goods uncertainty as drivers of downturns, while unexpected hikes in non-durable goods uncertainty are expansionary.

  Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Econometric and statistical methods, Monetary policy and uncertainty JEL Code(s): C, C5, C51, C55, E, E3, E32, E4, E44
• September 8, 2022

  Getting inflation back to normal

  Speech summary Carolyn Rogers Calgary Economic Development Calgary, Alberta

  Speaking a day after the Bank of Canada raised interest rates, Senior Deputy Governor Carolyn Rogers discusses where the economy stands and what the Bank is doing to get inflation back under control.

  Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Domestic demand and components, Expectations, Inflation and prices, Interest rates
• September 8, 2022

  Economic progress report: Restoring price stability

  Remarks Carolyn Rogers Calgary Economic Development Calgary, Alberta

  Senior Deputy Governor Carolyn Rogers provides an economic update and discusses why the Bank is raising rates fast to tackle high inflation.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Domestic demand and components, Expectations, Inflation and prices, Interest rates
• September 8, 2022

  CFEC Meeting (September 8, 2022)

  Bank of Montreal / video conference

  Content Type(s): Meetings Source(s): Canadian Foreign Exchange Committee
• September 7, 2022

  Bank of Canada increases policy interest rate by 75 basis points, continues quantitative tightening

  Media Relations Ottawa, Ontario

  The Bank of Canada today increased its target for the overnight rate to 3¼%, with the Bank Rate at 3½% and the deposit rate at 3¼%.

  Content Type(s): Press, Press releases
• September 1, 2022

  Bank of Canada launches the 2023 Fellowship Program awards

  The Bank of Canada is inviting Canadian universities to nominate exceptional academics for its 2023 Fellowship and Governor’s awards.

  Content Type(s): Press, Announcements Source(s): Fellowship Program
• August 31, 2022

  Research Update - August 2022

  This monthly newsletter features the latest research publications by Bank of Canada economists including external publications and working papers published on the Bank of Canada’s website.

  Content Type(s): Staff research, Research newsletters
• August 29, 2022

  Macroeconomic Implications of Migration

  Workshop held on August 29 and 30, 2022.

  Content Type(s): Conferences and workshops
• August 29, 2022

  CARR Meeting (August 29, 2022)

  Content Type(s): Meetings Source(s): Canadian Alternative Reference Rate Working Group

• COVID-19 and Financial Stability: Practice Ahead of Theory

  Staff Discussion Paper 2022-18 Jing Yang, Hélène Desgagnés, Grzegorz Halaj, Yaz Terajima

  The COVID-19 pandemic uncovered policy challenges related to the economic measures that were taken to support the economy. Two years later, we attempt to identify the broader impact of these measures and research that needs to follow.

  Content Type(s): Staff research, Staff discussion papers Topic(s): Coronavirus disease (COVID-19), Financial stability, Financial system regulation and policies JEL Code(s): E, E5, E58, E6, E61, G, G2, G21, H, H3, H8, H84