February 11, 2014
Posts
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February 10, 2014
Bank of Canada: Promoting Canada’s Economic and Financial Well-Being
Deputy Governor John Murray discusses how the Bank of Canada promotes Canada’s economic and financial well-being. -
February 7, 2014
Flexible Inflation Targeting and “Good” and “Bad” Disinflation
Senior Deputy Governor Tiff Macklem discusses flexible inflation targeting and “good” and “bad” disinflation. -
February 7, 2014
Symmetrical, Flexible Inflation Target Continues to Serve Canadians Well, Says Bank of Canada Senior Deputy Governor Tiff Macklem
The Bank of Canada’s flexible inflation target has served Canada well in both tranquil and turbulent times and remains the right policy framework to address the current economic environment of persistently weak inflation, Senior Deputy Governor Tiff Macklem said today in a lecture at Concordia University’s John Molson School of Business in Montréal. “Inflation targeting […] -
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Banks’ Financial Distress, Lending Supply and Consumption Expenditure
The paper employs a unique identification strategy that links survey data on household consumption expenditure to bank-level data in order to estimate the effects of bank financial distress on consumer credit and consumption expenditures. -
A Policy Model to Analyze Macroprudential Regulations and Monetary Policy
We construct a small-open-economy, New Keynesian dynamic stochastic general-equilibrium model with real-financial linkages to analyze the effects of financial shocks and macroprudential policies on the Canadian economy. Our model has four key features. -
Corporate Governance, Product Market Competition and Debt Financing
This paper examines the impact of product market competition and corporate governance on the cost of debt financing and the use of bond covenants. We find that more anti-takeover provisions are associated with a lower cost of debt only in competitive industries. -
February 4, 2014
Bank of Canada Announces Appointment of Special Adviser
The Bank of Canada today announced the appointment of Line Rivard as Special Adviser to the Governor on Financial System. -