Posts

• May 1, 2001

  Technical Background Document 1

  Technical data relating to the 2001 target renewal.
• May 1, 2001

  Technical Background Document 2

  Technical data relating to the 2001 target renewal.
• May 1, 2001

  Renewal of the Inflation-Control Target (May 2001)

  Commentary relating to the 2001 target renewal.

  Content Type(s): Background materials Topic(s): Inflation and prices, Monetary policy

• How Rigid Are Nominal-Wage Rates?

  Staff Working Paper 2001-8 Allan Crawford

  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.

  Content Type(s): Staff research, Staff working papers Topic(s): Inflation targets, Labour markets JEL Code(s): E, E2, E24, E5, E52, E6, E61

• Downward Nominal-Wage Rigidity: Micro Evidence from Tobit Models

  Staff Working Paper 2001-7 Allan Crawford, Geoff Wright

  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.

  Content Type(s): Staff research, Staff working papers Topic(s): Inflation targets, Labour markets JEL Code(s): E, E2, E24, E5, E52, E6, E61
• May 1, 2001

  Release of the Monetary Policy Report

  Opening statement David Dodge

  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 […]

  Content Type(s): Press, Speeches and appearances, Opening statements
• 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.

  Content Type(s): Press, Market notices
• April 20, 2001

  Governor talks about the Bank of Canada's contribution to monetary and financial stability and about the current economic situation

  Media Relations Vancouver, British Columbia

  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.

  Content Type(s): Press, Press releases
• April 20, 2001

  The Bank of Canada's Contribution to the Economic Well-Being of Canadians

  Remarks David Dodge Vancouver Board of Trade Vancouver, British Columbia

  The Bank of Canada has a commitment to contribute to the economic well-being of Canadians. In other words, we must conduct monetary policy so that it fosters sustained economic growth. Fundamentally, this means creating conditions that favour rising employment and incomes, strong investment, and a more stable macroeconomic environment.

  Content Type(s): Press, Speeches and appearances, Remarks
• April 17, 2001

  Bank of Canada lowers Bank Rate by 1/4 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is lowering the Bank Rate by one-quarter of one percentage point to 5 per cent. The operating band for the overnight rate* is correspondingly lowered, and the Bank's target for the overnight rate is reduced to 4 3/4 per cent.

  Content Type(s): Press, Press releases