Posts

• January 30, 2023

  CARR Meeting (January 30, 2023)

  Content Type(s): Meetings Source(s): Canadian Alternative Reference Rate Working Group
• January 27, 2023

  Bank of Canada announces change to maximum bid rate for securities repo operations

  The Bank of Canada is announcing a change to the pricing of the securities repo operations (SRO).

  Content Type(s): Press, Market notices

• Risk Amplification Macro Model (RAMM)

  Technical Report No. 123 Kerem Tuzcuoglu

  The Risk Amplification Macro Model (RAMM) is a new nonlinear two-country dynamic model that captures rare but severe adverse shocks. The RAMM can be used to assess the financial stability implications of both domestic and foreign-originated risk scenarios.

  Content Type(s): Staff research, Technical reports Topic(s): Business fluctuations and cycles, Econometric and statistical methods, Financial stability, Monetary policy transmission JEL Code(s): C, C5, C51, E, E3, E37, E4, E44, F, F4, F44

• (Un)Conventional Monetary and Fiscal Policy

  Staff Working Paper 2023-6 Jing Cynthia Wu, Yinxi Xie

  We build a tractable New Keynesian model to study and compare four types of monetary and fiscal policy: policy rate adjustments, quantitative easing, lump-sum fiscal transfers and government spending. We find that tax-financed fiscal policy is more stimulative than debt-financed policy, and optimal policy coordination needs at least two of these four policy instruments.

  Content Type(s): Staff research, Staff working papers Topic(s): Fiscal policy, Monetary policy JEL Code(s): E, E4, E6, E61, E62, E63

• The 2021–22 Surge in Inflation

  Staff Discussion Paper 2023-3 Oleksiy Kryvtsov, James (Jim) C. MacGee, Luis Uzeda

  The rise in inflation in 2021–22 sparked a growing literature and debate over the causes of the surge as well as the near- and medium-term path for inflation. This review offers three key messages.

  Content Type(s): Staff research, Staff discussion papers Topic(s): Inflation and prices, Inflation targets, Monetary policy JEL Code(s): E, E3, E31, E5, E52, E58
• January 25, 2023

  Bank of Canada Media Interview – CTV News

  Tiff Macklem, Governor of the Bank of Canada, gave an interview to Joyce Napier of CTV News.

  Content Type(s): Press, Media advisories
• January 25, 2023

  Bank of Canada Media Interview – Reuters

  Tiff Macklem, Governor of the Bank of Canada, gave an interview to Steve Scherer and David Ljunggren of Reuters.

  Content Type(s): Press, Media advisories
• January 25, 2023

  Bank of Canada Media Interview – TVA Nouvelles

  Deputy Governor Paul Beaudry gave an interview to Olivier Ferron-Boissé of TVA Nouvelles.

  Content Type(s): Press, Media advisories
• January 25, 2023

  CTV News

  

  Tiff Macklem, Governor of the Bank of Canada
  Interview with CTV News

  Content Type(s): Press, Media activities
• January 25, 2023

  TVA Nouvelles

  

  Paul Beaudry, Deputy Governor of the Bank of Canada
  Interview with TVA Nouvelles

  Content Type(s): Press, Media activities