Posts
-
-
November 23, 2018
Expansion of Assets the Bank of Canada will Acquire for Balance Sheet Management Purposes
As part of the regular management of its balance sheet, the Bank of Canada acquires securities to offset its liabilities, which consist mainly of bank notes in circulation and Government of Canada deposits. -
An Alternative Estimate of Canadian Potential Output: The Multivariate State-Space Framework
In this paper, we extend the state-space methodology proposed by Blagrave et al. (2015) and decompose Canadian potential output into trend labour productivity and trend labour input. As in Blagrave et al. (2015), we include output growth and inflation expectations from consensus forecasts to help refine our estimates. -
November 22, 2018
Balancing Act: the Link between Monetary Policy and Financial Stability
Senior Deputy Governor Carolyn A. Wilkins discusses how monetary and macroprudential policies interact with each other and how they affect financial stability. -
November 20, 2018
Bank to review the monetary policy framework ahead of 2021 renewal, says Senior Deputy Governor Wilkins
The Bank of Canada will assess a broad range of monetary policy frameworks ahead of the renewal in 2021 of the inflation-control agreement, a joint agreement between the federal government and the Bank that is renewed every five years, Senior Deputy Governor Carolyn A. Wilkins said today at McGill University’s Max Bell School of Public […] -
November 20, 2018
Choosing the Best Monetary Policy Framework for Canada
Senior Deputy Governor Carolyn A. Wilkins discusses public policy issues around monetary policy frameworks and how those issues have become more complex in the post-global financial crisis world. -
November 19, 2018
New vertical $10 bank note featuring iconic Canadian Viola Desmond now in circulation
The Bank of Canada today issued the new vertical $10 bank note featuring the portrait of social justice icon Viola Desmond, during a ceremony at the Canadian Museum for Human Rights (CMHR) in Winnipeg. -
November 19, 2018
Launch of New $10 Note
Governor Poloz speaks at the launch of Canada’s new vertical $10 note. -
-
Macroprudential FX Regulations: Shifting the Snowbanks of FX Vulnerability?
Can macroprudential foreign exchange (FX) regulations on banks reduce the financial and macroeconomic vulnerabilities created by borrowing in foreign currency? To evaluate the effectiveness and unintended consequences of macroprudential FX regulations, we develop a parsimonious model of bank and market lending in domestic and foreign currency and derive four predictions.