Posts
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Variations in Pass-Through from Global Agricultural Commodity Prices to Domestic Food Inflation
This paper examines factors that affect the transmission of fluctuations in global agricultural commodity prices to domestic food inflation. -
October 13, 2023
Media roundtable with Governor Macklem
As is customary, Tiff Macklem, Governor of the Bank of Canada, will today hold a virtual roundtable with journalists from the sidelines of the IMF meetings in Marrakech, Morocco. -
A Blueprint for the Fourth Generation of Bank of Canada Projection and Policy Analysis Models
The fourth generation of Bank of Canada projection and policy analysis models seeks to improve our understanding of inflation dynamics, the supply side of the economy and the underlying risks faced by policy-makers coming from uncertainty about how the economy functions. -
October 12, 2023
Joint BOC-ECB-FRBNY Conference on Expectations Surveys
Conference held on October 12 and 13, 2023 at the Bank of Canada’s Head Office in Ottawa. -
Three things we learned about the Lynx payment system
Canada transitioned to a new wholesale payment system, Lynx, in August 2021. Lynx is based on a real-time settlement model that eliminates credit risk in the system. This model can require more liquidity; however, Lynx’s design allows Canada’s wholesale payments to settle efficiently. -
Labor Market Shocks and Monetary Policy
We develop a heterogeneous-agent New Keynesian model featuring a frictional labor market with on-the-job search to quantitatively study the positive and normative implications of employer-to-employer transitions for inflation. -
Intermediary Market Power and Capital Constraints
We examine how intermediary capitalization affects asset prices in a framework that allows for intermediary market power. We introduce a model in which capital-constrained intermediaries buy or trade an asset in an imperfectly competitive market, and we show that weaker capital constraints lead to both higher prices and intermediary markups. -
Redefining Financial Inclusion for a Digital Age: Implications for a Central Bank Digital Currency
We explore quantitative and qualitative information about Canadians who face barriers to making digital payments. We also consider the implications of ongoing digitalization for modern financial inclusion and a potential central bank digital currency. -
October 3, 2023
Bank of Canada Media Interview – Le Devoir
Nicolas Vincent, Deputy Governor of the Bank of Canada, gave an interview to Le Devoir.