Posts
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November 23, 2009
Results of the 23 November 2009 Term PRA Transaction
The results of today's term PRA operations are as follows. -
November 20, 2009
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 as follows. -
November 20, 2009
Liquidity and the Financial System
Conference held 20 and 21 November 2009 (papers in unedited, electronic format only) -
November 19, 2009
Focus the Debate on International Monetary System Reform, says Bank of Canada Governor Mark Carney
A well-functioning international monetary system is required to promote economic growth and prosperity, Governor Carney said, as he reviewed the evolution of the international monetary system. -
November 19, 2009
The Evolution of the International Monetary System
In response to the worst financial crisis since the 1930s, policy-makers around the globe are providing unprecedented stimulus to support economic recovery and are pursuing a radical set of reforms to build a more resilient financial system. -
Optimal Monetary Policy during Endogenous Housing-Market Boom-Bust Cycles
This paper uses a small-open economy model for the Canadian economy to examine the optimal Taylor-type monetary policy rule that stabilizes output and inflation in an environment where endogenous boom-bust cycles in house prices can occur. -
Real Time Detection of Structural Breaks in GARCH Models
A sequential Monte Carlo method for estimating GARCH models subject to an unknown number of structural breaks is proposed. Particle filtering techniques allow for fast and efficient updates of posterior quantities and forecasts in real time. -
November 12, 2009
Deputy Governor David Longworth to Retire from the Bank of Canada
The Bank of Canada announced today that Deputy Governor David Longworth will retire on 31 March 2010. -
November 12, 2009
New Frontiers in Monetary Policy Design
Conference Proceedings held 12 and 13 November 2009 (papers in unedited, electronic format only)