Posts
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Are Average Growth Rate and Volatility Related?
The empirical relationship between the average growth rate and the volatility of growth rates, both over time and across countries, has important policy implications, which depend critically on the sign of the relationship. -
May 28, 2007
Demographic Changes and Policy Implications
Conference held on 28 and 29 May 2007 (papers in unedited, electronic format only) -
November 7, 2007
Developing a Framework to Assess Financial Stability
Conference held on 7 and 8 November 2007 (papers in unedited, electronic format only) -
March 9, 2000
Bank of Canada Governor speaks to the Canadian Society of New York
In a speech today to the Canadian Society of New York, Bank of Canada Governor Gordon Thiessen talked about Canada’s experience with a floating exchange rate and an independent monetary policy, despite close integration with the much larger U.S. economy. -
August 31, 2002
Macroeconomic Stabilization Policy in Canada
What I propose to do on this panel today is to talk about stabilization policy and policy co-operation from the viewpoint of an industrial country that has a floating exchange rate and both an explicit inflation target for monetary policy and a clear objective for fiscal policy. -
Maturity Composition and the Demand for Government Debt
The main objectives of debt management are to raise stable and low-cost funding to meet the government’s financial needs and to maintain a well-functioning market for government securities. -
Search Frictions, Financial Frictions and Labour Market Fluctuations in Emerging Markets
This paper examines the role of the extensive and intensive margins of labour input in the context of a business cycle model with a financial friction. We document significant variation in the hours worked per worker for many emerging-market economies. Both employment and hours worked per worker are positively correlated with each other and with output. -
October 20, 2006
MUSE: The Bank of Canada's New Projection Model of the U.S. Economy
Staff projections provided for the Bank of Canada's monetary policy decision process take into account the integration of Canada's very open economy within the global economy, as well as its close real and financial linkages with the United States. To provide inputs for this projection, the Bank has developed several models, including MUSE, NEUQ (the New European Quarterly Model), and BoC-GEM (Bank of Canada Global Economy Model), to analyze and forecast economic developments in the rest of the world. The authors focus on MUSE, the model currently used to describe interaction among the principal U.S. economic variables, including gross domestic product, inflation, interest rates, and the exchange rate. Brief descriptions are also provided of NEUQ and BoC-GEM. -
March 23, 2022
Bank of Canada to chair the Central Bank Network for Indigenous Inclusion in 2022
The Bank of Canada announced today it has officially begun a one-year term as chair of the Central Bank Network for Indigenous Inclusion (CBNII).