Posts

• April 4, 2005

  Business Outlook Survey - Spring 2005

  Businesses are more optimistic about the economic outlook than in the winter survey. The greater stability of the Canadian dollar in the three months since the previous survey has helped to ease concerns among exporters. Businesses continue to expect strong domestic sales.

  Content Type(s): Publications, Business Outlook Survey
• April 1, 2005

  Issues in Inflation Targeting

  Proceedings of a conference held by the Bank of Canada, April 2005 (proceedings volume, available in electronic format only)

  Content Type(s): Conferences and workshops

• Do Exchange Rates Affect the Capital-Labour Ratio? Panel Evidence from Canadian Manufacturing Industries

  Staff Working Paper 2005-12 Danny Leung, Terence Yuen

  Using industry-level data for Canadian manufacturing industries from 1981 to 1997, the authors find empirical evidence of a negative relationship between the capital-labour ratio and the user cost of capital relative to the price of labour.

  Content Type(s): Staff research, Staff working papers Topic(s): Exchange rates, Productivity JEL Code(s): F, F4

• An Analysis of Closure Policy under Alternative Regulatory Structures

  Staff Working Paper 2005-11 Greg Caldwell

  The author develops a theoretical model of bank closure. The regulatory decision about bank failure consists of two parts: whether to close and how to close.

  Content Type(s): Staff research, Staff working papers Topic(s): Financial institutions JEL Code(s): G, G2, G21, G28

• Educational Spillovers: Does One Size Fit All?

  Staff Working Paper 2005-10 Robert Baumann, Raphael Solomon

  In a search model of production, where agents accumulate heterogeneous amounts of human capital, an individual worker's wage depends on average human capital in the searching population.

  Content Type(s): Staff research, Staff working papers Topic(s): Labour markets JEL Code(s): I, I2, I29, J, J2, J24, J3, J31

• State Dependence in Fundamentals and Preferences Explains Risk-Aversion Puzzle

  Staff Working Paper 2005-9 Fousseni Chabi-Yo, René Garcia, Eric Renault

  The authors examine the ability of economic models with regime shifts to rationalize and explain the risk-aversion and pricing-kernel puzzles put forward in Jackwerth (2000).

  Content Type(s): Staff research, Staff working papers Topic(s): Financial markets, Market structure and pricing JEL Code(s): G, G1, G12, G13
• March 30, 2005

  Canada's Competitiveness: The Importance of Investing in Skills

  Remarks David Dodge Humber College Institute of Technology & Advanced Learning Toronto, Ontario

  Productivity plays a critical role when it comes to our national standard of living. Productivity growth is the main element that contributes to continued improvements in real incomes and overall prosperity. Rising productivity lets businesses pay higher wages, while keeping costs down, employment high, and profits coming in. That's why economists like me spend a lot of time thinking about ways to improve the productivity of our economy.

  Content Type(s): Press, Speeches and appearances, Remarks
• March 28, 2005

  The Thiessen Lectures

  Lectures delivered by Gordon G. Thiessen, Governor of the Bank of Canada 1994 to 2001

  Content Type(s): Publications, Books and monographs
• March 21, 2005

  Debt Strategy Consultations 2005/06 and the Review of the Debt Distribution Framework - Summary of Comments

  In October and November 2004, officials from the Department of Finance and the Bank of Canada consulted with interested parties on issues related to the government's domestic debt program, and the review of the government's debt distribution framework.

  Content Type(s): Press, Market notices
• March 21, 2005

  Governor Dodge Discusses Canada's Experience with Inflation Targeting

  Media Relations Washington, D.C.

  Bank of Canada Governor David Dodge said today that Canada's experience under inflation targeting has been "unambiguously positive" since the central bank and federal government agreed to adopt this monetary policy framework in 1991.

  Content Type(s): Press, Press releases