Posts

• Bank Capital, Agency Costs, and Monetary Policy

  Staff Working Paper 2004-6 Césaire Meh, Kevin Moran

  Evidence suggests that banks, like firms, face financial frictions when raising funds.

  Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Financial institutions, Monetary policy transmission JEL Code(s): E, E4, E44, E5, E52, G, G2, G21

• Structural Change and Forecasting Long-Run Energy Prices

  Staff Working Paper 2004-5 Jean-Thomas Bernard, Lynda Khalaf, Maral Kichian

  The authors test the statistical significance of Pindyck's (1999) suggested class of econometric equations that model the behaviour of long-run real energy prices.

  Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods JEL Code(s): C, C2, C22, C5, C52, C53, Q, Q4, Q40

• A Structural Small Open-Economy Model for Canada

  Staff Working Paper 2004-4 Stephen Murchison, Andrew Rennison, Zhenhua Zhu

  The authors develop a small open-economy dynamic stochastic general-equilibrium (DSGE) model in an attempt to understand the dynamic relationships in Canadian macroeconomic data.

  Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Economic models, Inflation and prices JEL Code(s): E, E2, E3, E5, E52

• Modélisation « PAC » du secteur extérieur de l'économie américaine

  Staff Working Paper 2004-3 Marc-André Gosselin, René Lalonde

  In this paper, the authors use polynomial adjustment cost (PAC) models to analyze and forecast the main components of the U.S. trade sector.

  Content Type(s): Staff research, Staff working papers Topic(s): Domestic demand and components, Econometric and statistical methods, International topics JEL Code(s): C, C3, C32, E, E3, E37, F, F4, F47
• January 30, 2004

  Annual Report 2003

  

  At the Bank of Canada, we have worked hard over the past several years to define our goals and our methods for achieving them. We have continued to strengthen our monetary policy framework, and we have established priorities in all areas of our operations to help us meet our strategic objectives. In 2002, the Bank set out a medium-term plan for the period 2003–05. The plan’s clearly defined policy frameworks and priorities were critical in guiding our analysis and our decisions in 2003, a year in which Canadians across the country were affected by a number of severe and unanticipated events.

  Content Type(s): Publications, Annual Report
• January 28, 2004

  The Bank of Canada Unveils New $100 Bank Note

  Ginette Crew Halifax, Nova Scotia

  The Bank of Canada today unveiled Canada's new $100 bank note, which will go into circulation beginning 17 March. The new note was unveiled in Halifax by the Honourable Robert Thibault, Member of Parliament for West Nova, Nova Scotia, David Dodge, Governor of the Bank of Canada, Marc Garneau, President of the Canadian Space Agency and former astronaut, and Daniel Gallivan, a member of the Board of Directors of the Bank of Canada.

  Content Type(s): Press, Press releases
• January 27, 2004

  Debt-Management Strategy: Market Consultations on the Real Return Bond Program - Summary of Comments

  In September and October 2003, officials from the Department of Finance and the Bank of Canada consulted with market participants on issues specific to the Real Return Bond (RRB) program.

  Content Type(s): Press, Market notices
• January 27, 2004

  2003 Market Consultations on Real Return Bonds

  The Government of Canada actively seeks input from participants on an ongoing basis on the performance of and potential adjustments to federal debt programs.
• January 23, 2004

  Bank of Canada Review - Winter 2003-2004

  

  Cover page

  Brass Cash Register, 1910

  The register is part of the National Currency Collection, Bank of Canada.

  Photographed by Gord Carter, Ottawa.

  Content Type(s): Publications, Bank of Canada Review
• January 22, 2004

  Monetary Policy Report Update – January 2004

  Since the October Monetary Policy Report, three developments have led the Bank of Canada to modify its outlook for economic growth and inflation in Canada.

  Content Type(s): Publications, Monetary Policy Report