Posts

• Un modèle « PAC » d'analyse et de prévision des dépenses des ménages américains

  Staff Working Paper 2003-13 Marc-André Gosselin, René Lalonde

  Traditional structural models cannot distinguish whether changes in activity are a function of altered expectations today or lagged responses to past plans. Polynomial-adjustment-cost (PAC) models remove this ambiguity by explicitly separating observed dynamic behaviour into movements that have been induced by changes in expectations, and responses to expectations, that have been delayed because of adjustment costs.

  Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Econometric and statistical methods, Economic models JEL Code(s): C, C3, C32, E, E2, E21, E3, E32
• May 1, 2003

  Changes to the Bank of Canada Commodity Price Index (BCPI)

  Effective 15 May 2003 the following changes will be made to the Bank of Canada Commodity Price Index (BCPI).

  Content Type(s): Press, Announcements
• April 30, 2003

  Opening Statement before the Senate Banking, Trade and Commerce Committee

  Opening statement David Dodge Senate Banking, Trade and Commerce Committee

  The last time I testified before this committee was in the spring of 2002, because we were unable to arrange our regular meeting last fall. You will recall that following the 11 September 2001 terrorist attacks in the United States, we quickly and aggressively cut our policy interest rate to shore up confidence and support domestic demand. By last spring, evidence had already started to build that demand was growing faster than the economy's production capacity.

  Content Type(s): Press, Speeches and appearances, Opening statements
• April 29, 2003

  Bank of Canada announces Deputy Governor appointments

  Media Relations Ottawa, Ontario

  The Board of Directors of the Bank of Canada today announced the appointment of David Longworth and Mark Carney as Deputy Governors of the Bank.

  Content Type(s): Press, Press releases
• April 29, 2003

  Opening Statement before the House of Commons Finance Committee

  Opening statement David Dodge House of Commons Finance Committee

  Last week, we released our spring Monetary Policy Report, in which we discuss economic and financial trends in the context of Canada's inflation-control strategy. I last testified before this committee in October, following the release of our autumn Monetary Policy Report.

  Content Type(s): Press, Speeches and appearances, Opening statements
• April 23, 2003

  Release of the Monetary Policy Report

  Opening statement David Dodge

  Since our October 2002 Monetary Policy Report, both core and total CPI inflation have been well above the 2 per cent inflation target. In this environment, inflation expectations have edged up.

  Content Type(s): Press, Speeches and appearances, Opening statements
• April 23, 2003

  Bank of Canada releases Monetary Policy Report

  Media Relations Ottawa, Ontario

  Since the October 2002 Monetary Policy Report, both core and total CPI inflation have been well above the 2 per cent inflation target.

  Content Type(s): Press, Press releases
• April 23, 2003

  Monetary Policy Report – April 2003

  The global economic outlook has been clouded by a high degree of uncertainty, accentuated most recently by the war in Iraq.

  Content Type(s): Publications, Monetary Policy Report
• April 15, 2003

  Bank of Canada raises overnight rate target by 1/4 percentage point to 3 1/4 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 3 1/4 per cent.

  Content Type(s): Press, Press releases
• April 9, 2003

  Bank of Canada announces appointment of Paul Jenkins as Senior Deputy Governor

  Media Relations Ottawa, Ontario

  The Board of Directors of the Bank of Canada today announced that, pursuant to Section 6 of the Bank of Canada Act, Paul Jenkins has been appointed Senior Deputy Governor of the Bank for a seven-year term.

  Content Type(s): Press, Press releases