Posts

• March 21, 2005

  Inflation Targeting: A Canadian Perspective

  Remarks David Dodge National Association for Business Economics Washington, D.C.

  The invitation is timely, given that the Bank of Canada's inflation-targeting agreement with the Canadian government is up for renewal next year. At the Bank, we are always reflecting on our framework, deciding what works well and what we can improve. Against that backdrop, we have watched with interest the debate taking place here in the United States - inside and outside the Federal Reserve - about whether that institution should join the ranks of inflation-targeting central banks.

  Content Type(s): Press, Speeches and appearances, Remarks
• March 21, 2005

  Summary of Comments—Debt Distribution Framework Consultations

  In the autumn of 2004, officials at the Department of Finance and the Bank of Canada launched a review of the debt distribution framework to assess the framework's effectiveness in ensuring that the government has continued access to stable, low-cost funding sources over a medium-term horizon and that the Government of Canada securities market continues to function well.
• March 21, 2005

  Summary of Comments – Debt Strategy 2005/06 Consultations

  In October 2004, officials from the Department of Finance and the Bank of Canada sought views from Government Securities Distributors and institutional investors on a number of issues related to the design and operation of the domestic debt programs.
• March 2, 2005

  Bank of Canada Announces Research Fellowship for 2005

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that Professor Paul Beaudry of the University of British Columbia is the recipient of the Bank's Research Fellowship for 2005.

  Content Type(s): Press, Press releases Source(s): Fellowship Program
• March 1, 2005

  Bank of Canada keeps target for the overnight rate at 2 1/2 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is maintaining its target for the overnight rate at 2 1/2 per cent.

  Content Type(s): Press, Press releases

• Recent Developments in Self-Employment in Canada

  Staff Working Paper 2005-8 Nadja Kamhi, Danny Leung

  The authors document the recent evolution of the self-employment rate in Canada. Between 1987 and 1998, the self-employment rate rose 3.5 percentage points from 13.8 per cent to 17.3 per cent.

  Content Type(s): Staff research, Staff working papers Topic(s): Labour markets JEL Code(s): J, J2, J23, J24

• Determinants of Borrowing Limits on Credit Cards

  Staff Working Paper 2005-7 Shubhasis Dey, Gene Mumy

  The difference between actual borrowings and borrowing limits alone generates information asymmetry in the credit card market.

  Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods, Market structure and pricing JEL Code(s): C, C3, D, D4, D8, D82

• Monetary Policy under Model and Data-Parameter Uncertainty

  Staff Working Paper 2005-6 Gino Cateau

  Policy-makers in the United States over the past 15 to 20 years seem to have been cautious in setting policy: empirical estimates of monetary policy rules such as Taylor's (1993) rule are much less aggressive than those derived from optimizing models.

  Content Type(s): Staff research, Staff working papers Topic(s): Monetary policy and uncertainty JEL Code(s): D, D8, D81, E, E5, E58

• Y a-t-il eu surinvestissement au Canada durant la seconde moitié des années 1990?

  Staff Working Paper 2005-5 Sylvain Martel

  This study on overinvestment differs from the existing literature in that investment in machinery and equipment is modelled as a structural vector autoregression with identification achieved by imposing long-run restrictions, as in Blanchard and Quah (1989).

  Content Type(s): Staff research, Staff working papers Topic(s): Domestic demand and components JEL Code(s): C, C3, C32, E, E3, E37, F, F4, F47
• February 18, 2005

  Additional release time for calls for tenders for cash management bills

  Effective immediately, calls for tenders for cash management bills may be released on any day at either 10:00 a.m. or 4:00 p.m. The addition of a later time to the existing Auction Timetable will increase the ability of the government's cash managers to raise balances on short notice in response to unexpected developments.

  Content Type(s): Press, Market notices