October 8, 2009
Speeches and appearances
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September 28, 2009
The Three Rs: Review, Reflect, and Reaffirm
September is a time to review the past, reflect on the present, and reaffirm goals for the future. Like students who returned to school this month, I will follow this annual discipline today by (i) reviewing the extraordinary events of the past year; (ii) reflecting on the policy response and the current economic outlook; and (iii) reaffirming the Bank of Canada's commitment to price stability. -
September 23, 2009
Promoting Canada's economic and financial well-being
The Bank's mandate is to promote Canada's economic and financial well-being. Clearly, this is an important mandate, and we are determined to demonstrate excellence as we work to fulfill it. -
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August 25, 2009
The Canadian Economy Beyond the Recession
The theme of the conference, "managing the recovery," is particularly timely: As we move past the gravest dangers of the financial crisis toward better days, attention has turned to the policy challenges posed by the recovery. -
August 22, 2009
Some Considerations on Using Monetary Policy to Stabilize Economic Activity
Walsh's paper highlights many useful lessons that can be learned from the conventional framework and its various extensions. However, the financial crisis provides a stark and costly reminder of just how incomplete the standard model is. -
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July 23, 2009
Release of the Monetary Policy Report
Global economic activity appears to be nearing its trough, and there are increasing signs that activity has begun to expand in many countries in response to monetary and fiscal policy stimulus and measures to stabilize the global financial system. -
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June 18, 2009
From Green Shoots to the Harvest: Comments on Financial Stability
From the initially careful references to data that suggested a slowing of the rate of decline in global activity, the use of the term "green shoots" has quickly evolved.