March 21, 2014
Posts
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March 18, 2014
Demographics, Crisis Aftermath Pose Limits to Growth, Says Bank of Canada Governor Stephen S. Poloz
Demographic forces and the hangover from the global financial crisis together are putting limits on economic growth, Bank of Canada Governor Stephen S. Poloz said today in Halifax. “A period of subdued growth after a financial crisis can still be regarded as cyclical, in the sense that it will eventually prove to be temporary,” Governor […] -
March 18, 2014
Redefining the Limits to Growth
Bank of Canada Governor Stephen S. Poloz discusses the forces that are holding back economic growth in Canada and the world. -
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March 13, 2014
Changes to Conditions for Assets Eligible as Collateral under the Bank of Canada’s Standing Liquidity Facility (SLF)
On September 5 2013, the Bank of Canada announced planned changes to concentration limits for private sector and municipal securities in relation to Assets Eligible as Collateral under the Bank of Canada’s Standing Liquidity Facility (SLF). -
Macroeconomic Experiences and Risk Taking of Euro Area Households
This paper studies to what extent the experiences of households shape their willingness to take financial risks. It follows the methodology of Malmendier and Nagel (2011) and applies it to a novel data set on household finances covering euro area households. -
Labor Market Participation, Unemployment and Monetary Policy
We incorporate a participation decision in a standard New Keynesian model with matching frictions and show that treating the labor force as constant leads to incorrect evaluation of alternative policies. -
Rollover Risk and the Maturity Transformation Function of Banks
This paper shows that banks that rely heavily on short-term funding engage less in maturity transformation in an attempt to decrease their exposure to rollover risk. These banks shorten both the maturity of their portfolio of loans as well as the maturity of newly issued loans. We find that the loan yield curve becomes steeper with banks’ increasing use of short-term funding. -
March 8, 2014
The Bank launches improved, mobile-ready version of its website
The Bank of Canada has revamped its public website to make the site easier to read and navigate on a wide variety of devices. As well, the site offers new ways of browsing and monitoring Bank research activities.