Posts
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Corporate Risk Taking and Ownership Structure
This paper investigates the determinants of corporate risk taking. Shareholders with substantial equity ownership in a single company may advocate conservative investment policies due to greater exposure to firm risk. -
Labour Reallocation, Relative Prices and Productivity
This paper documents the rate at which labour flows between industries and between firms within industries using the most recent data available. It examines the determinants of these flows and their relationship with the productivity growth. -
January 21, 2010
Monetary Policy Report – January 2010
The global economic recovery is under way, supported by continued improvements in fi nancial conditions and stronger domestic demand growth in many emerging-market economies. -
January 21, 2010
Release of the Monetary Policy Report
Paul and I are pleased to be here with you today to discuss the January Monetary Policy Report, which we published this morning. -
Search Frictions and Asset Price Volatility
We examine the quantitative effect of search frictions in product markets on asset price volatility. We combine several features from Shi (1997) and Lagos and Wright (2002) in a model without money. Households prefer special goods and general goods. -
January 19, 2010
Bank of Canada Announces the New Schedule for Bank of Canada Term PRA Operations Commencing 16 February 2010
Further to the 15 December 2009 announcement, the Bank of Canada today releases the new schedule for the monthly Bank of Canada Term PRA operations commencing 16 February 2010 and running through to the April 2010 Fixed Announcement Date. -
January 19, 2010
Bank of Canada maintains overnight rate target at 1/4 per cent and reiterates conditional commitment to hold current policy rate until the end of the second quarter of 2010
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/4 per cent. -
January 18, 2010
Results of the 18 January 2010 Term PRA Transaction
Results of today's term PRA operations -
January 15, 2010
Bank of Canada Announces Details of its Term PRA Operation
In accordance with the schedule of term purchase and resale agreement (PRA) auctions announced on 20 October (see schedule), the Bank of Canada announced today that it will conduct a term PRA operation