Posts

• March 18, 2003

  The Benefits of Sound Economic Policies

  Remarks David Dodge Italian Bankers Association Rome, Italy

  Canada and Italy share many similar characteristics. We both belong to the G-7, and we are among the smaller members of that group. Our two economies vary greatly from region to region, both in terms of structure and strength.

  Content Type(s): Press, Speeches and appearances, Remarks
• March 12, 2003

  Website Awards Event

  Remarks David Dodge Website Awards Event, Central Banking Publications and Lombard Street Research London, United Kingdom

  It has become almost a cliché to point out that "Internet time moves faster than normal time." But I'm reminded of that observation as I accept this award - an award for achievement in a medium that barely existed ten years ago.

  Content Type(s): Press, Speeches and appearances, Remarks
• March 12, 2003

  Sound Economic Policies Help Meet Global Challenges, Governor Says

  Media Relations London, United Kingdom

  The best way to promote sustained economic growth is to stick to an economic policy framework that has proven its worth, Bank of Canada Governor David Dodge said today.

  Content Type(s): Press, Press releases
• March 12, 2003

  Meeting Global Challenges: The Importance of Sound Economic Policies

  Remarks David Dodge Canada-UK Chamber of Commerce London, United Kingdom

  We are facing a time of great economic and political uncertainty. While economic activity is close to potential in Canada, most other countries are facing very weak demand and lacklustre economic prospects. And, of course, there is the overriding prospect of a war in Iraq.

  Content Type(s): Press, Speeches and appearances, Remarks
• March 4, 2003

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

  Content Type(s): Press, Press releases

• Comparing Alternative Output-Gap Estimators: A Monte Carlo Approach

  Staff Working Paper 2003-8 Andrew Rennison

  The author evaluates the ability of a variety of output-gap estimators to accurately measure the output gap in a model economy. A small estimated model of the Canadian economy is used to generate artificial data.

  Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Econometric and statistical methods, Potential output JEL Code(s): C, C1, C15, E, E3, E32

• Testing the Stability of the Canadian Phillips Curve Using Exact Methods

  Staff Working Paper 2003-7 Lynda Khalaf, Maral Kichian

  Postulating two different specifications for the Canadian Phillips curve (a purely backwardlooking model, and a partly backward-, partly forward-looking model), the authors test for structural breaks in the parameters of the equation. In each case, they account for the possibilities that: (i) breaks can be discrete, or continuous, and (ii) available data samples may be too small to justify using asymptotically valid structural-change tests.

  Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods JEL Code(s): C, C1, C15, C5, C52, E, E3, E31, E37

• Valuation of Canadian- vs. U.S.-Listed Equity: Is There a Discount?

  Staff Working Paper 2003-6 Michael R. King, Dan Segal

  The authors examine how the valuation multiples assigned to the equity of Canadian-listed firms compare with the equity of comparable firms listed in the United States. They find that Canadian-listed firms trade at a discount to U.S.-listed firms across a range of valuation measures.

  Content Type(s): Staff research, Staff working papers Topic(s): Financial markets JEL Code(s): G, G1, G12, G15
• February 26, 2003

  Bank of Canada Announces First Research Fellowship Awards

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced the first two fellowship awards for 2003 under its Fellowship Program launched late last year.

  Content Type(s): Press, Press releases Source(s): Fellowship Program
• February 20, 2003

  Call for Input: Improving Financial System Data in Canada

  Canada's financial system consists of financial institutions, financial markets, and clearing and settlement systems. It is a key part of the infrastructure of our economy.

  Content Type(s): Press, Market notices