Posts

• April 26, 2000

  Bank of Canada Governor speaks to the Chambre de commerce régionale de Sainte-Foy

  Media Relations Sainte-Foy, Quebec

  Governor Gordon Thiessen today talked about the steps that Canada should take to preserve the current economic expansion and improve performance over the long run, in particular by reaping some of the potential gains from the technological revolution that is now sweeping the world.

  Content Type(s): Press, Press releases
• April 26, 2000

  The Canadian Economy: Charting a Course for the Future

  Remarks Gordon Thiessen Chambre de commerce régionale de Sainte-Foy Sainte-Foy, Quebec

  The 1990s was a difficult period for Canada and the Canadian economy. From the beginning of the decade, it was clear that we had to grapple with the problems that had been hampering our economic performance through most of the 1970s and 1980s.

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

• Non-Parametric and Neural Network Models of Inflation Changes

  Staff Working Paper 2000-7 Greg Tkacz

  Previous studies have shown that interest rate yield spreads contain useful information about future changes in inflation. However, such studies have for the most part focused on linear models, ignoring potential non-linearities between interest rates and inflation.

  Content Type(s): Staff research, Staff working papers Topic(s): Economic models, Inflation and prices JEL Code(s): C, C5, C51, E, E3, E31

• International Financial Crises and Flexible Exchange Rates: Some Policy Lessons from Canada

  Technical Report No. 88 John Murray, Mark Zelmer, Zahir Antia

  This paper examines the behaviour of the Canadian dollar from 1997 to 1999 to see if there is any evidence of excess volatility or significant overshooting. A small econometric model of the exchange rate, based on market fundamentals, is presented and used to make tentative judgments about the extent to which the currency might have been systematically over- or undervalued.

  Content Type(s): Staff research, Technical reports Topic(s): Exchange rate regimes, Exchange rates JEL Code(s): F, F3, F31

• Some Explorations, Using Canadian Data, of the S-Variable in Akerlof, Dickens, and Perry (1996)

  Staff Working Paper 2000-6 Seamus Hogan, Lise Pichette

  A number of authors have suggested that economies face a long-run inflation-unemployment trade-off due to downward nominal-wage rigidity. This theory has implications for the nature of the short-run Phillips curve when wage inflation is low.

  Content Type(s): Staff research, Staff working papers Topic(s): Monetary policy framework, Monetary policy transmission JEL Code(s): C, C5, C52, E, E2, E24, E5, E50
• April 6, 2000

  Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce

  Opening statement Gordon Thiessen Standing Senate Committee on Banking, Trade and Commerce

  When I appeared before you last April, there was still a high degree of uncertainty in the global economy related to the 1997-98 financial crisis in emerging markets and the associated fall in world commodity prices.

  Content Type(s): Press, Speeches and appearances, Opening statements
• March 22, 2000

  Bank Rate Raised by ¼ Percentage Point to 5½ Per Cent

  Media Relations Ottawa, Ontario

  The Bank of Canada raised its Bank Rate today by ¼ of one percentage point to 5½ per cent. The operating band for the overnight rate was correspondingly increased, and the Bank’s target for the overnight rate is now 5¼ per cent.

  Content Type(s): Press, Press releases
• March 9, 2000

  The Conduct of Monetary Policy When You Live Next Door to a Large Neighbour

  Remarks Gordon Thiessen Canadian Society of New York New York, New York

  Both in Canada and elsewhere, much ink has been spilled over the past year on the pros and cons of different exchange rate regimes and the implications for monetary policy.

  Content Type(s): Press, Speeches and appearances, Remarks
• March 9, 2000

  Bank of Canada Governor speaks to the Canadian Society of New York

  Media Relations New York, New York

  In a speech today to the Canadian Society of New York, Bank of Canada Governor Gordon Thiessen talked about Canada’s experience with a floating exchange rate and an independent monetary policy, despite close integration with the much larger U.S. economy.

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

  Bank of Canada Announces Appointments in Toronto and Montréal

  Media Relations

  To add to its presence in financial markets, the Bank of Canada has announced appointments to two new senior positions. Appointed are H. Ross MacKinnon as Director, Toronto Division and Jean-Pierre Aubry as Director, Montréal Division, both in the Financial Markets Department. In their new positions, Mr. MacKinnon and Mr. Aubry will contribute to the […]

  Content Type(s): Press, Press releases