April 30, 2013
Posts
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April 30, 2013
Research Update - April 2013
This monthly newsletter features the latest research publications by Bank of Canada economists including external publications and working papers published on the Bank of Canada’s website. -
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April 24, 2013
Opening Statement before the Senate Standing Committee on Banking, Trade and Commerce
Good afternoon. Tiff and I are pleased to be here with you today to discuss the April Monetary Policy Report, which the Bank published last week. Global economic growth has evolved broadly as anticipated in January. In the United States, the economic expansion is continuing at a modest pace, with gradually strengthening private demand partly […] -
Jump-Diffusion Long-Run Risks Models, Variance Risk Premium and Volatility Dynamics
This paper calibrates a class of jump-diffusion long-run risks (LRR) models to quantify how well they can jointly explain the equity risk premium and the variance risk premium in the U.S. financial markets, and whether they can generate realistic dynamics of risk-neutral and realized volatilities. -
Forecasting with Many Models: Model Confidence Sets and Forecast Combination
A longstanding finding in the forecasting literature is that averaging forecasts from different models often improves upon forecasts based on a single model, with equal weight averaging working particularly well. This paper analyzes the effects of trimming the set of models prior to averaging. -
April 23, 2013
Opening Statement before the House of Commons Standing Committee on Finance
Good morning. Tiff and I are pleased to be here with you today to discuss the April Monetary Policy Report, which the Bank published last week. Global economic growth has evolved broadly as anticipated in January. In the United States, the economic expansion is continuing at a modest pace, with gradually strengthening private demand partly […] -
April 22, 2013
Completing the G20 reform agenda for strengthening over the counter derivatives markets
Mark Carney, Governor of the Bank of Canada and Chair of the Financial Stability Board, contributed the article "Completing the G20 reform agenda for strengthening over-the-counter derivatives markets" to the Banque de France's Financial Stability Review. -
April 22, 2013
Access to central counterparties: why it matters and how it is changing
Timothy Lane, Deputy Governor of the Bank of Canada, contributed the article “Access to central counterparties: why it matters and how it is changing” to the Banque de France's Financial Stability Review.