November 8, 2016
Posts
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The Digital Economy—Insight from a Special Survey with IT Service Exporters
Information technology (IT) is an increasingly integral part of everyday business and personal life reflecting the ongoing and accelerating digital transformation of the economy. In this paper, we present information gathered from a survey with export-oriented firms in the Canadian IT service industry and consultations with industry associations aimed at shedding light on this small but highly dynamic sector. -
November 4, 2016
Bank of Canada Publishes the Results of the Canadian Fixed-Income Forum Survey on Market Liquidity, Transparency and Market Access
The Bank of Canada has published the results of the 2016 Canadian Fixed-Income Forum (CFIF) survey on market liquidity, transparency and market access. -
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November 3, 2016
Unconventional Monetary Policies: A Small Open Economy Perspective
Conference held on 3 and 4 November 2016. -
Monetary Policy Tradeoffs Between Financial Stability and Price Stability
We analyze the impact of interest rate policy on financial stability in an environment where banks can experience runs on their short-term liabilities, forcing them to sell assets at fire-sale prices. -
Business Cycles in Small, Open Economies: Evidence from Panel Data Between 1900 and 2013
Using a novel data set for 17 countries dating from 1900 to 2013, we characterize business cycles in both small developed and developing countries in a model with financial frictions and a common shock structure. We estimate the model jointly for these 17 countries using Bayesian methods. -
Managing Risk Taking with Interest Rate Policy and Macroprudential Regulations
We develop a model in which a financial intermediary’s investment in risky assets—risk taking—is excessive due to limited liability and deposit insurance and characterize the policy tools that implement efficient risk taking. -
November 1, 2016
Inflation-target renewal helps give certainty in uncertain times, Governor Poloz says
The renewal of the Bank of Canada’s framework for inflation targeting will help Canadian businesses and consumers by providing certainty around their financial plans, Governor Stephen S. Poloz said today. -
November 1, 2016
25 Years of Inflation Targets: Certainty for Uncertain Times
Governor Stephen S. Poloz discusses the renewal of Canada’s inflation-targeting agreement and how it continues to help the economy.