Posts
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November 8, 2021
Operational details for upcoming secondary market purchases of Government of Canada securities (November 15-26)
As previously announced, the Bank of Canada (the Bank) launched on April 1, 2020 a program to purchase Government of Canada securities in the secondary market – the Government Bond Purchase Program (GBPP). -
November 8, 2021
Question Period on CTV
Tiff Macklem, Governor of the Bank of Canada
Interview with Question Period on CTV -
November 8, 2021
2021 Bank of Canada Annual Economic Conference: Behavioral Macroeconomics and Finance: Implications for Central Bankers
Conference held on November 8 to 10, 2021. -
November 8, 2021
Quarterly Financial Report - Third Quarter 2021
Quarterly Financial Report - Third Quarter 2021 - For the period ended September 30, 2021 -
Optimal Monetary Policy According to HANK
We study optimal monetary policy in an analytically tractable Heterogeneous Agent New Keynesian model. In the model, the central bank has an incentive to reduce consumption inequality in addition to keeping economic activity at its efficient level and inflation stable. -
Evaluating the Effects of Forward Guidance and Large-scale Asset Purchases
I propose a novel method to identify and estimate the macroeconomic effects of forward guidance and large-scale asset purchases (LSAP) for each FOMC announcement. I find that LSAP is more important than forward guidance in influencing output and inflation. LSAP puts upward pressure on short-term yields, so it should always be used in conjunction with forward guidance. -
November 3, 2021
Bank of Canada announces climate change commitments for COP26
Addressing climate change is a global challenge. While the Government of Canada has the primary responsibility for climate change policy, the Bank of Canada recognizes the importance of including climate change considerations in its work to promote the economic and financial welfare of Canadians. -
October 31, 2021
Les Coulisses du pouvoir on Radio-Canada
Tiff Macklem, Governor of the Bank of Canada
Interview with Les Coulisses du pouvoir on Radio-Canada -
October 31, 2021
Research Update - October 2021
This monthly newsletter features the latest research publications by Bank of Canada economists including external publications and working papers published on the Bank of Canada’s website.