April 16, 2002
Posts
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Risk, Entropy, and the Transformation of Distributions
The exponential family, relative entropy, and distortion are methods of transforming probability distributions. We establish a link between those methods, focusing on the relation between relative entropy and distortion. -
La fiabilité des estimations de l'écart de production au Canada
In this paper, we measure, with Canadian data, the scope of the revisions to real-time estimates of the output gap generated with several univariate and multivariate techniques. We also make an empirical evaluation of the usefulness of the output gap estimates for predicting inflation. -
The Microstructure of Multiple-Dealer Equity and Government Securities Markets: How They Differ
Although dealership government and equity securities have, on the surface, similar market structures, the author demonstrates that some subtle differences exist between them that are likely to significantly affect the way market-makers trade, and as such have an impact on the liquidity that they provide. -
Restructuring in the Canadian Economy: A Survey of Firms
The regional offices of the Bank conducted a survey of 140 Canadian companies (representing all non-government sectors of the economy) to study the effects of restructuring (defined as a major change in the way firms do business). -
March 27, 2002
The Bank of Canada Launches a New $5 Bank Note
David Dodge, Governor of the Bank of Canada and Paul Martin, Minister of Finance were joined at the unveiling by Jean Béliveau, former NHL hockey player for the Montréal Canadiens, Kim St. Pierre, member of the gold-medal-winning Canadian Olympic women's hockey team in Salt Lake City, and Myriam Bédard, two-time Olympic gold medallist in the biathlon. -
March 26, 2002
The Conduct of Monetary Policy in the Presence of Economic Shocks
Globalization - the trend towards greater economic integration around the world - has brought important benefits to us all. It has boosted world trade, opened up access to sources of global finance, and facilitated the diffusion of far-reaching technological advances in transportation, communications, and information processing. -
March 25, 2002
Canada's new $5 bank note launched on 27 March 2002
Canada's new $5 bank note will be launched Wednesday, 27 March, in Montréal. -
March 14, 2002
Debt Strategy Market Consultations—2002-03: Summary of Comments
In January 2002, officials from the Department of Finance and the Bank of Canada sought views of Government Securities Distributors and investors on a number of issues related to the domestic debt program as part of the development of the Debt Strategy 2002-03 and in keeping with the Government's ongoing commitment to consult with market […] -
March 14, 2002
Debt Strategy Market Consultations - 2002-03: Summary of Comments
In January 2002, officials from the Department of Finance and the Bank of Canada sought views of Government Securities Distributors and investors on a number of issues related to the domestic debt program as part of the development of the Debt Strategy 2002-03 and in keeping with the Government's ongoing commitment to consult with market participants.