Posts
-
-
Monetary Policy Implementation in a Negative Rate Environment
Monetary policy implementation could, in theory, be constrained by deeply negative rates since overnight market participants may have an incentive to invest in cash rather than lend to other participants. -
Exchange Rate Volatility and Trade: A Survey
This paper provides an extensive survey of the literature on exchange rate volatility and trade, examining both the theory that underlies the work in this area and the results of empirical studies published since 1988. -
May 7, 2010
The New Bank of Canada Commodity Price Index (BCPI)
The Bank of Canada today announced the introduction of a new Bank of Canada commodity price index (BCPI). -
Occasionally Binding Constraints in Large Models: A Review of Solution Methods
Solving macroeconomic models is difficult. One challenge is the occasionally binding constraint of the zero lower bound on nominal interest rates. This paper reviews various ways to solve models that include this feature. -
The Impact of Operational Events on the Network Structure of the LVTS
The author uses a quantitative network analysis approach to assess how participants in the Large Value Transfer System (LVTS) respond to partial outages at other banks.
-
March 28, 2017
Canada at 150: It Takes a World to Raise a Nation
Governor Stephen S. Poloz shows how Canada’s economic progress has been driven by its historic preference for openness to immigration, investment and trade. -
November 30, 2013
Research Update - November 2013
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. -
June 11, 1998
The outlook for the Canadian economy and monetary policy
In mid-May we published our semi-annual Report on monetary policy, covering data up to April 24th. That means we now have new data available for the last two months. Furthermore, our report also pointed to a much greater-than-usual degree of uncertainty about the outlook for the Canadian economy. -
March 23, 2021
Market stress relief: The role of the Bank of Canada’s balance sheet
Deputy Governor Toni Gravelle discusses actions taken by the Bank of Canada to respond to market-wide stresses during the COVID-19 pandemic and the Bank’s role as lender of last resort in the financial system.