Agathe Côté - Latest

• January 10, 2011

  Household Finances and Economic Growth

  Remarks Agathe Côté Canadian Club of Kingston Kingston, Ontario

  Why does household financial health matter to the Bank of Canada? It matters because how Canadians spend and how much they spend affect both the conduct of monetary policy and the stability of the financial system.

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

• Price-Level Targeting

  Staff Discussion Paper 2007-8 Agathe Côté

  In November 2006, the Bank of Canada announced its intention to lead a concerted research program over the next few years on the type of monetary policy framework that would best contribute to the economic well-being of Canadians in the decades ahead. The research will focus on two broad questions: whether economic welfare might be […]

  Content Type(s): Staff research, Staff discussion papers Topic(s): Monetary policy framework JEL Code(s): E, E5, E52, E58
• December 13, 1999

  Feedback Rules for Inflation Control: An Overview of Recent Literature

  Bank of Canada Review - Winter 1999–2000 Agathe Côté, Jamie Armour

  Feedback rules are rules aimed at guiding policy-makers as they face the problem of keeping inflation close to a desired path without causing variability elsewhere in the economy. These rules link short-term interest rates, controlled by the central bank, to the rate of inflation and/or its deviation from a target rate. The authors describe the most popular types of feedback rules and review some simulation results.

  Content Type(s): Publications, Bank of Canada Review articles Topic(s): Interest rates
• August 10, 1996

  Inflation expectations and Real Return Bonds

  Bank of Canada Review - Summer 1996 Agathe Côté, Jocelyn Jacob, John Nelmes, Miles Whittingham

  The existence of a market for Real Return Bonds in Canada provides a direct tool with which to measure market expectations of inflation by comparing the yields on these bonds with those on conventional Government of Canada long-term bonds. However, there are other factors besides inflation expectations that may affect the yield differential. After reviewing these factors, the authors note that they can lead to a potentially large bias in the level of inflation expectations. The changes in the differential over time may, nonetheless, be a good indicator of movements in long-run inflation expectations. Based on this measure, expectations of long-run inflation have declined since late 1994.

  Content Type(s): Publications, Bank of Canada Review articles Topic(s): Interest rates

• Exchange Rate Volatility and Trade: A Survey

  Staff Working Paper 1994-5 Agathe Côté

  This paper provides an extensive survey of the literature on exchange rate volatility and trade, examining both the theory that underlies the work in this area and the results of empirical studies published since 1988.

  Content Type(s): Staff research, Staff working papers Topic(s): Exchange rates

• International Capital Mobility and Asset Substitutability: Some Theory and Evidence on Recent Structural Changes

  Technical Report No. 44 Francesco Caramazza, Kevin Clinton, Agathe Côté, David Longworth

  This study examines different aspects of the international integration of capital markets. In particular, it attempts to determine whether the changes in controls and regulatory policies that have occurred in the past decade have been associated with a greater degree of market integration.

  Content Type(s): Staff research, Technical reports Topic(s): Balance of payments and components, Financial markets JEL Code(s): F, F2, F20, G, G1, G11, G15