Posts

• November 8, 2006

  The Canadian Economy and Financial Markets in Perspective

  Remarks David Longworth World Hedge Funds Summit Vaughan, Ontario

  The hedge fund industry has been growing so quickly that meetings like this one are welcome—they provide a chance to step back and look at context and trends. And that's what I propose to do this morning. Specifically, I'd like to speak about volatility in both the real economy and in financial markets and discuss how it has been affected by monetary policy and financial innovation.

  Content Type(s): Press, Speeches and appearances, Remarks
• November 6, 2006

  Prospering in Today's Global Economy: Challenges for Open Economies such as Australia and Canada

  Remarks David Dodge Sydney Institute and the Canadian Australian Chamber of Commerce Sydney, Australia

  As major producers of commodities, both Canada and Australia rely heavily on international trade for our economic expansion, and we each rely extensively on global capital markets. So, what I would like to talk about first is how we see the global and Canadian economies unfolding and what we might expect to see in the future. Following that, I'll also talk about some of the policies that can best help countries like ours to deal with the challenges of today's global economy, looking at this from both a domestic and an international perspective.

  Content Type(s): Press, Speeches and appearances, Remarks

• Efficient Hedging and Pricing of Equity-Linked Life Insurance Contracts on Several Risky Assets

  Staff Working Paper 2006-43 Alexander Melnikov, Yuliya Romanyuk

  The authors use the efficient hedging methodology for optimal pricing and hedging of equity-linked life insurance contracts whose payoff depends on the performance of several risky assets.

  Content Type(s): Staff research, Staff working papers Topic(s): Financial markets JEL Code(s): D, D8, D81, G, G1, G10, G12

• Linking Real Activity and Financial Markets: The Bonds, Equity, and Money (BEAM) Model

  Staff Working Paper 2006-42 Céline Gauthier, Fuchun Li

  The authors estimate a small monthly macroeconometric model (BEAM, for bonds, equity, and money) of the Canadian economy built around three cointegrating relationships linking financial and real variables over the 1975–2002 period.

  Content Type(s): Staff research, Staff working papers Topic(s): Financial markets, Financial stability JEL Code(s): C, C5, E, E4

• An Optimized Monetary Policy Rule for ToTEM

  Staff Working Paper 2006-41 Jean-Philippe Cayen, Amy Corbett, Patrick Perrier

  The authors propose a monetary policy rule for the Terms-of-Trade Economic Model (ToTEM), the Bank of Canada's new projection and policy-analysis model for the Canadian economy.

  Content Type(s): Staff research, Staff working papers Topic(s): Economic models, Monetary policy framework, Monetary policy transmission JEL Code(s): E, E5, E52

• Education and Self-Employment: Changes in Earnings and Wealth Inequality

  Staff Working Paper 2006-40 Yaz Terajima

  The author quantitatively studies the interaction between education and occupation choices and its implication for the relationship between the changes in earnings inequality and the changes in wealth inequality in the United States over the 1983–2001 period.

  Content Type(s): Staff research, Staff working papers Topic(s): Economic models, Labour markets JEL Code(s): D, D3, D31, I, I2, I21, J, J2, J23
• November 1, 2006

  Renewal of the Inflation-Control Target (November 2006)

  Commentary and technical data relating to the 2006 target renewal.

  Content Type(s): Background materials Topic(s): Inflation and prices, Monetary policy
• October 25, 2006

  Governor Dodge Looks at the Global Economy and the Implications for Ontario

  Media Relations Ottawa, Ontario

  In a speech by video conference to the Ontario Economic Leadership Summit in Niagara-on-the-Lake, Governor Dodge reviewed the Bank's projections contained in the Monetary Policy Report, published last week.

  Content Type(s): Press, Press releases
• October 25, 2006

  Opening Statement before the Senate Banking, Trade and Commerce Committee

  Opening statement David Dodge Senate Banking, Trade and Commerce Committee

  Things have changed somewhat since then. While global economic growth is expected to be a little higher than anticipated last spring, a weaker near-term outlook for the U.S. economy has curbed the near-term prospects for Canadian exports and growth.

  Content Type(s): Press, Speeches and appearances, Opening statements
• October 25, 2006

  The Global Economic Landscape and the Implications for Ontario

  Remarks David Dodge 2006 Ontario Economic Leadership Summit Niagara-on-the-Lake, Ontario

  How can we develop human capital to its fullest potential, and retain that capital? How can we foster research, innovation, and commercialization in this province? How can we improve Ontario's competitiveness in the global marketplace?

  Content Type(s): Press, Speeches and appearances, Remarks