Posts
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August 29, 2013
Quarterly Financial Report - Second Quarter 2013
Quarterly Financial Report - Second Quarter 2013 - For the period ended 30 June 2013 -
August 27, 2013
Exits, Spillovers and Monetary Policy Independence
Deputy Governor John Murray discusses exits from unconventional monetary policies, spillovers and monetary policy independence. -
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August 20, 2013
Changes to the Terms and Conditions Governing the Morning Auction of Receiver General Cash Balances
The Bank of Canada, on behalf of the Government of Canada, today announced changes to the Terms and Conditions Governing the Morning Auction of Receiver General Cash Balances (the Terms), effective 1 April 2014. -
August 20, 2013
Bank of Canada Announces the Recipients of its 2013 Law Enforcement Award of Excellence for Counterfeit Deterrence
The Bank of Canada is pleased to announce the recipients of its 2013 Law Enforcement Award of Excellence for Counterfeit Deterrence. -
Volatility and Liquidity Costs
Observed high-frequency prices are contaminated with liquidity costs or market microstructure noise. Using such data, we derive a new asset return variance estimator inspired by the market microstructure literature to explicitly model the noise and remove it from observed returns before estimating their variance. -
Forecasting the Real Price of Oil in a Changing World: A Forecast Combination Approach
The U.S. Energy Information Administration regularly publishes short-term forecasts of the price of crude oil. -
Analyzing Fiscal Sustainability
The authors study the implications of fiscal policy behaviour for sovereign risk in a framework that determines a country’s fiscal limit, the point at which, for economic or political reasons, taxes and spending can no longer adjust to stabilize debt. -