Posts

• July 13, 2001

  Statement From the Governor

  Media Relations

  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:

  Content Type(s): Press, Press releases

• Evaluating Linear and Non-Linear Time-Varying Forecast-Combination Methods

  Staff Working Paper 2001-12 Fuchun Li, Greg Tkacz

  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.

  Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods JEL Code(s): C, C1, C14, C5, C53, E, E2, E27

• Gaining Credibility for Inflation Targets

  Staff Working Paper 2001-11 James Yetman

  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.

  Content Type(s): Staff research, Staff working papers Topic(s): Credibility, Inflation targets JEL Code(s): E, E5, E52
• June 27, 2001

  Bank of Canada awards contract for outsourcing of retail debt systems and operations support

  Media Relations

  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.

  Content Type(s): Press, Press releases
• June 26, 2001

  Canada's Monetary Policy Approach: It Works for Canadians

  Remarks David Dodge Edmonton Chamber of Commerce Edmonton, Alberta

  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.

  Content Type(s): Press, Speeches and appearances, Remarks
• June 26, 2001

  Bank of Canada Governor says Canada's monetary policy approach works

  Media Relations Edmonton, Alberta

  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.

  Content Type(s): Press, Press releases
• June 4, 2001

  Bank of Canada Announces Appointment of Special Adviser

  Media Relations

  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.

  Content Type(s): Press, Press releases

• The Future Prospects for National Financial Markets and Trading Centres

  Staff Working Paper 2001-10 Charles Gaa, Stephen Lumpkin, Robert Ogrodnick, Peter Thurlow

  This paper investigates the effects of the continuation of globalization and technological developments on the future of national-level financial markets and trading centres, particularly in smaller countries such as Canada. We foresee the development of a single global market in the most-liquid assets based on equity-market linkages.

  Content Type(s): Staff research, Staff working papers Topic(s): Financial markets JEL Code(s): G, G1, G10

• Testing for a Structural Break in the Volatility of Real GDP Growth in Canada

  Staff Working Paper 2001-9 Alexandre Debs

  This study tests for a structural break in the volatility of real GDP growth in Canada following the methodology of McConnell and Quiros (1998). A break is found in the first quarter of 1991.

  Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Econometric and statistical methods JEL Code(s): C, C1, C12, E, E3, E32
• May 29, 2001

  Bank of Canada lowers key policy rate by 1/4 per cent

  Media Relations Ottawa, Ontario

  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 1/2 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is reduced by one-quarter of one percentage point to 4 3/4 per cent.

  Content Type(s): Press, Press releases