May 30, 2013
Posts
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Multivariate Tests of Mean-Variance Efficiency and Spanning with a Large Number of Assets and Time-Varying Covariances
We develop a finite-sample procedure to test for mean-variance efficiency and spanning without imposing any parametric assumptions on the distribution of model disturbances. -
What Central Bankers Need to Know about Forecasting Oil Prices
Forecasts of the quarterly real price of oil are routinely used by international organizations and central banks worldwide in assessing the global and domestic economic outlook, yet little is known about how best to generate such forecasts. Our analysis breaks new ground in several dimensions. -
Are Sunspots Learnable? An Experimental Investigation in a Simple General-Equilibrium Model
We conduct experiments with human subjects in a model with a positive production externality in which productivity is a non-decreasing function of the average level of employment of other firms. -
May 29, 2013
Bank of Canada maintains overnight rate target at 1 per cent
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. -
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May 21, 2013
Canada Works
Bank of Canada Governor Mark Carney discusses the “cornerstones of Canada’s prosperity.” -
May 21, 2013
Canada works due to its critical foundational advantages, says Bank of Canada Governor Mark Carney
Since the eruption of the global financial crisis, Canada has outperformed other G-7 countries because of critical foundational advantages, Bank of Canada Governor Mark Carney said today in a speech in Montréal. The Governor identified “the cornerstones of Canada’s prosperity” as responsible fiscal policy, sound monetary policy, a resilient financial system and a monetary union […] -
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May 16, 2013
Bank of Canada Review - Spring 2013
This issue includes analysis of the unconventional monetary policies recently implemented by central banks, and also presents Bank research in two areas - the migration of labour between economic regions in Canada, and the asset-allocation and funding decisions for Canada’s foreign exchange reserves.