August 1, 2001
Posts
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July 18, 2001
Sheryl Kennedy Named Deputy Governor, Financial Markets
Sheryl Kennedy, Deputy Governor of the Bank of Canada, has been asked by the Bank's Board of Directors to serve as Deputy Governor, Financial Markets. She takes over the responsibilities formerly carried out by Tim Noël, who passed away last week. -
July 17, 2001
Bank of Canada lowers key policy interest rate by 1/4 percentage point to 4 1/4 per cent
The Bank of Canada today announced that it is lowering its target for the overnight rate* by one-quarter of one percentage point to 4 1/4 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 4 1/2 per cent. -
July 13, 2001
Statement From the Governor
On behalf of the staff and Board of Directors of the Bank of Canada, Governor David Dodge today issued the following statement on the death this week of Tim Noël, Deputy Governor of the Bank since 1994: -
Evaluating Linear and Non-Linear Time-Varying Forecast-Combination Methods
This paper evaluates linear and non-linear forecast-combination methods. Among the non-linear methods, we propose a nonparametric kernel-regression weighting approach that allows maximum flexibility of the weighting parameters. -
Gaining Credibility for Inflation Targets
In this paper, I consider a simple model in which agents learn about the inflation target of a central bank over time by observing the policy instrument or inflation outcomes. Measuring credibility as the distance between the perceived target and the actual target, an increase in credibility is beneficial to the central bank because it brings the policy consistent with attaining the inflation target closer to that required to attain the output target. -
June 27, 2001
Bank of Canada awards contract for outsourcing of retail debt systems and operations support
The Bank of Canada has signed a contract with EDS Canada Inc. for the provision of systems and operations support services for the federal government's retail debt program to ensure more flexible and cost-effective service. -
June 26, 2001
Canada's Monetary Policy Approach: It Works for Canadians
The Bank of Canada's commitment is to contribute to the economic well-being of Canadians. This means conducting monetary policy so that it fosters sustained economic growth - by creating conditions that favour rising output, employment, and incomes, and a stable macroeconomic environment. -
June 26, 2001
Bank of Canada Governor says Canada's monetary policy approach works
The Governor stressed that the real value of a floating currency for Canada is that it helps absorb some of the impact of external shocks that affect Canada differently than the United States because of important differences in the economic structures of the two nations. -
June 4, 2001
Bank of Canada Announces Appointment of Special Adviser
Professor John Chant of Simon Fraser University has been chosen to fill the visiting economist position of Special Adviser in the Bank of Canada for a one-year term beginning in September 2001.