April 30, 2015
Posts
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April 28, 2015
Opening Statement before the House of Commons Standing Committee on Finance
Good morning, Mr. Chairman and committee members. Carolyn and I are happy to be here for one of our twice-yearly meetings on our Monetary Policy Report (MPR). Today we will outline for you the Bank’s latest economic outlook, published in our MPR on 15 April. In this volatile and uncertain environment, it is helpful to […] -
April 27, 2015
Workshop on Commodity Super Cycles
Workshop held on 27 and 28 April 2015 (papers in unedited, electronic format only) -
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April 24, 2015
1st Conference on the Chinese Economy
Workshop held on 24 and 25 April 2015 (papers in unedited, electronic format only) -
2013 Methods-of-Payment Survey: Sample Calibration Analysis
Sample calibration is a procedure that utilizes sample and national-level demographic distribution information to weight survey participants. The objective of calibration is to weight the sample so that it is demographically representative of the target population. -
April 21, 2015
Summary of Comments – 2015–16 Debt Management Strategy Consultations
Today, the Summary of Comments – 2015–16 Debt Management Strategy Consultations is being published in conjunction with the release of the government’s Debt Management Strategy for 2015–16. -
April 21, 2015
2015–16 Debt Management Strategy Consultations
Summary of Comments The Government of Canada considers regular consultations with market participants to be an essential component of its ongoing commitment to a well-functioning government securities market and an integral part of the debt management process. In November 2014, a total of 46 bilateral meetings were held with organizations in Toronto, Montreal, New York, […] -
A Wake-Up-Call Theory of Contagion
We propose a novel theory of financial contagion. We study global coordination games of regime change in two regions with an initially uncertain correlation of regional fundamentals. -
Euro Area Government Bonds—Integration and Fragmentation During the Sovereign Debt Crisis
The paper analyzes the integration of euro area sovereign bond markets during the European sovereign debt crisis. It tests for contagion (i.e., an intensification in the transmission of shocks across countries), fragmentation (a reduction in spillovers) and flight-to-quality patterns, exploiting the heteroskedasticity of intraday changes in bond yields for identification.