Posts

• February 16, 2000

  Monetary Policy Report Update – February 2000

  Information received since the last Monetary Policy Report, released on 17 November, points to a stronger pace of economic expansion in the United States and Europe than was expected at that time, and confirms the hesitant nature of the recovery in Japan.

  Content Type(s): Publications, Monetary Policy Report
• February 16, 2000

  Release of the Monetary Policy Report Update

  Opening statement Gordon Thiessen

  This morning, we released our update to the November 1999 Monetary Policy Report. It gives the Governing Council's latest outlook for the economy and for inflation. Information received since November confirms that our economy performed well last year - expanding by close to 4 per cent between the fourth quarter of 1998 and the fourth […]

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

• Estimating the Fractional Order of Integration of Interest Rates Using a Wavelet OLS Estimator

  Staff Working Paper 2000-5 Greg Tkacz

  The debate on the order of integration of interest rates has long focused on the I(1) versus I(0) distinction. In this paper, we use instead the wavelet OLS estimator of Jensen (1999) to estimate the fractional integration parameters of several interest rates for the United States and Canada from 1948 to 1999.

  Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods, Interest rates JEL Code(s): C, C1, C13, E, E4, E43

• Quelques résultats empiriques relatifs à l'évolution du taux de change Canada/États-Unis

  Staff Working Paper 2000-4 Ramdane Djoudad, David Tessier

  This paper explores the extent to which factors other than commodity and energy prices may have contributed to the Canadian dollar's depreciation since the early 1970s. The variables considered include among others budgetary conditions and productivity.

  Content Type(s): Staff research, Staff working papers Topic(s): Exchange rates JEL Code(s): F, F3, F31

• Long-Term Determinants of the Personal Savings Rate: Literature Review and Some Empirical Results for Canada

  Staff Working Paper 2000-3 Gilles Bérubé, Denise Côté

  This paper examines the structural determinants of the personal savings rate in Canada over the last 30 years, using cointegration techniques. The main finding is that the real interest rate, expected inflation, the ratio of the all-government fiscal balances to nominal GDP, and the ratio of household net worth to personal disposable income are the most […]

  Content Type(s): Staff research, Staff working papers Topic(s): Domestic demand and components JEL Code(s): C, C2, C22, E, E2, E21
• February 3, 2000

  Bank Rate Raised by 1/4 Percentage Point to 5 1/4 Per Cent

  Media Relations Ottawa, Ontario

  The Bank of Canada raised its Bank Rate today by ¼ of one percentage point to 5¼ per cent. The operating band for the overnight rate was correspondingly increased, and the Bank’s target for the overnight rate is now 5 per cent.

  Content Type(s): Press, Press releases
• January 29, 2000

  Annual Report 1999

  

  The Canadian economy regained strong momentum in 1999 as the U.S. economy remained vigorous, the global economy recovered, and commodity prices moved upwards.

  Content Type(s): Publications, Annual Report
• January 27, 2000

  Bank of Canada Governor speaks to the Metropolitan Halifax Chamber of Commerce

  Media Relations Halifax, Nova Scotia

  There has been a dramatic move among major central banks over the past decade towards greater transparency in monetary policy, Bank of Canada Governor Gordon Thiessen told the Metropolitan Halifax Chamber of Commerce in a speech today. This process has been driven not only by the general trend to greater accountability on the part of […]

  Content Type(s): Press, Press releases
• January 27, 2000

  Accountability and Transparency in Canada's Monetary Policy

  Remarks Gordon Thiessen Metropolitan Halifax Chamber of Commerce Halifax, Nova Scotia

  Public sector institutions have been undergoing significant changes over the past decade. One of the most important changes has been the move to greater accountability. Public institutions are now required to be more open and to provide more information about their operations. Or, to use the word currently in vogue, to be more “transparent.”

  Content Type(s): Press, Speeches and appearances, Remarks
• January 16, 2000

  Bank of Canada Review - Winter 1999–2000

  

  Cover page

  Coins from Y1K

  The largest of these coins is about the size of a twenty-five cent piece. They form part of the National Currency Collection, Bank of Canada.

  Photography by James Zagon.

  Content Type(s): Publications, Bank of Canada Review