Posts

• Une analyse empirique du lien entre la productivité et le taux de change réel Canada-É-U

  Staff Working Paper 2000-22 David Dupuis, David Tessier

  The relative productivity gap between Canada and the United States is a controversial subject matter. One argument especially contentious in this debate stems from the belief that the gradual depreciation of the Canadian dollar over the last 20 years has been one of the determinants of the productivity gap.

  Content Type(s): Staff research, Staff working papers

• Steps in Applying Extreme Value Theory to Finance: A Review

  Staff Working Paper 2000-20 Younes Bensalah

  Extreme value theory (EVT) has been applied in fields such as hydrology and insurance. It is a tool used to consider probabilities associated with extreme and thus rare events. EVT is useful in modelling the impact of crashes or situations of extreme stress on investor portfolios.

  Content Type(s): Staff research, Staff working papers Topic(s): Financial markets JEL Code(s): C, C0, C4, C5, G, G1
• November 1, 2000

  Revisiting the Case for Flexible Exchange Rates

  Proceedings of a conference held by the Bank of Canada, November 2000 (proceedings volume, available in electronic format only)

  Content Type(s): Conferences and workshops
• October 30, 2000

  Bank of Canada releases dates for announcing Bank Rate actions

  Media Relations Ottawa, Ontario

  The Bank of Canada today made public the dates through the year 2001 on which it will announce any changes to the official interest rate it uses to implement monetary policy. Last month the Bank outlined its plan to adopt a new system of pre-set or "fixed" dates for announcing changes to the Bank Rate, […]

  Content Type(s): Press, Press releases
• October 17, 2000

  Can a Bank Change? The Evolution of Monetary Policy at the Bank of Canada 1935–2000

  Lecture Gordon Thiessen Faculty of Social Science, University of Western Ontario

  Over this period, there has been a fundamental transformation in the way monetary policy is conducted in Canada and in most other industrial countries. While globalization and technological change have played an important role in this area, as in so many others, they have not, to my mind, been the principal driving force behind this transformation. Far more important has been the interaction of experience and economic theory.

  Content Type(s): Press, Speeches and appearances, Lectures

• Le modèle USM d'analyse et de projection de l'économie américaine

  Staff Working Paper 2000-19 René Lalonde

  In this study, the author presents a new forecast and analysis model for the U.S. economy (i.e., the USM model) constructed at the Bank of Canada. The USM has a number of advantages over its predecessor, the VSM model.

  Content Type(s): Staff research, Staff working papers
• September 26, 2000

  Bank of Canada to issue new bank notes

  Media Relations Ottawa, Ontario

  The Bank of Canada will issue a new series of bank notes beginning in January 2001 to further enhance the security of Canada's currency.

  Content Type(s): Press, Press releases
• September 21, 2000

  Government of Canada to expand bond buyback operations

  The Government announced in the 2000-01 Debt Management Strategy that it was implementing the bond buyback program on an ongoing basis.

  Content Type(s): Press, Market notices
• September 19, 2000

  Summary of Consultation Results

  On 19 September 2000, the Bank of Canada published details of its plan to adopt a new system of eight “fixed” or pre-specified dates each year for announcing any changes to the official interest rate that it uses to implement monetary policy. Before finalizing and implementing the specific calendar of fixed dates, including the day of the week and time of day for announcements, the Bank invited interested Canadians to provide their views on the new fixed-date system.
• September 19, 2000

  A New System of Fixed Dates for Announcing Changes to the Bank Rate

  In November 2000, the Bank of Canada introduced a new system of eight "fixed" or pre-specified dates each year for announcing any changes to the official interest rate it uses to implement monetary policy. This paper describes the basic features of the proposed approach, elaborates its key advantages and identifies issues for consultation.