Posts
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April 1, 2019
Poloz talks trade: Canada’s services a bright spot
Stephen S. Poloz, Governor of the Bank of Canada, will speak before the Baffin Regional Chamber of Commerce (BRCC) and the Nunavut Mining Symposium. -
The “Too Big to Fail” Subsidy in Canada: Some Estimates
Implicit government guarantees of banking-sector liabilities reduce market discipline by private sector stakeholders and temper the risk sensitivity of funding costs. This potentially increases the likelihood of bailouts from taxpayers, especially in the absence of effective resolution frameworks. -
Inequality in Parental Transfers, Borrowing Constraints and Optimal Higher Education Subsidies
This paper studies optimal education subsidies when parental transfers are unequally distributed across students and cannot be publicly observed. After documenting substantial inequality in parental transfers among US college students with similar family resources, I examine its implications for how the education subsidy should vary with schooling level and family resources to minimize inefficiencies generated by borrowing constraints. -
October 26, 2009
Monetary Policy Report – October 2009
Recent indicators point to the start of a global recovery from a deep, synchronous recession. -
Real-Financial Linkages in the Canadian Economy: An Input-Output Approach
The purpose of this paper is twofold. First, we provide a detailed social accounting matrix (SAM), which incorporates the income and financial flows into the standard input-output matrix, for the Canadian economy for 2004. -
December 8, 2022
Helping Canadians better understand our decisions
Speaking a day after the Bank of Canada decided to raise our policy interest rate, Deputy Governor Sharon Kozicki discusses the current state of the economy. She also talks about how we are improving our transparency with Canadians. -
The Behaviour of Consumer Prices Across Provinces
Measures of core inflation enable a central bank to distinguish price movements that are transitory and generated by non-monetary events from those that are more permanent and related to prior monetary policy decisions. -
Text Mining and the Information Content of Bank of Canada Communications
This paper uses Latent Semantic Analysis to extract information from Bank of Canada communication statements and investigates what type of information affects returns and volatility in short-term as well as long-term interest rate markets over the 2002-2008 period. -
October 20, 2005
Monetary Policy Report – October 2005
The global economy has continued to grow at a robust pace since the July Monetary Policy Report Update.