May 1, 2001
Posts
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May 1, 2001
Monetary Policy Report – May 2001
At the time of the November 2000 Monetary Policy Report, although signs of the anticipated slowing of the U.S. economy were becoming apparent, the momentum of the global economy was considered strong. -
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May 1, 2001
Renewal of the Inflation-Control Target (May 2001)
Commentary relating to the 2001 target renewal. -
How Rigid Are Nominal-Wage Rates?
This study examines the effect of nominal-wage rigidities on wage growth in Canada using a hazard model and micro data for union contracts. The hazard model is specified in a way that allows considerable flexibility in the shape of the estimated notional wage-change distribution. -
Downward Nominal-Wage Rigidity: Micro Evidence from Tobit Models
This paper uses Tobit models and data for union contracts to examine the extent of downward nominal-wage rigidity in Canada. To be consistent with important stylized facts, the models allow the variance of the notional wage-change distribution to be time-varying and test for menu-cost effects. -
May 1, 2001
Release of the Monetary Policy Report
This morning, we released our spring 2001 Monetary Policy Report. In the six months since the November 2000 Report, the pace of economic expansion in Canada has slackened, primarily because the economic slowdown in the United States has been more pronounced than anticipated. The extent of the easing in economic activity in Canada is the […] -
April 26, 2001
Turnaround Time for Government of Canada Securities auctions to be Reduced to 15 Minutes
The targeted turnaround time for publication of the results for Government of Canada securities auctions will be reduced to 15 minutes from 30 minutes starting 22 May 2001. The reduction in the turnaround time is the result of process and efficiency improvements. -
April 20, 2001
Governor talks about the Bank of Canada's contribution to monetary and financial stability and about the current economic situation
n a speech today to The Vancouver Board of Trade, Governor David Dodge said that the Bank of Canada contributes to the economic well-being of Canadians by preserving confidence in the value of money and by promoting the safety and soundness of Canada's financial system.