October 20, 2006
Find Bank of Canada publications by keyword, author, content type, JEL code, topic or publication date.
1406
result(s)
October 19, 2006
The Canadian economy continues to operate just above its full production capacity, and the near-term outlook for core inflation has moved slightly higher.
Monetary Policy Report – October 2006
Content Type(s):
Publications,
Monetary Policy Report
October 8, 2006
Modelling Financial Channels for Monetary Policy Analysis
The Bank of Canada considers a wide range of information and analysis before making a monetary policy decision and uses carefully articulated models to produce economic projections and to examine alternative scenarios. This article describes an ongoing research agenda at the Bank to develop models in which financial variables play an active role in the transmission of monetary policy actions to economic activity. Such models can help to analyze information from the financial side of the economy and to provide an overall view of the implications of financial developments for the current economic outlook. The authors also explain how this research can help address other issues relevant to the objectives of monetary policy, including how asset-price movements should be taken into account in the monetary policy framework.
Content Type(s):
Publications,
Bank of Canada Review articles
Topic(s):
Credit and credit aggregates,
Economic models,
Monetary policy transmission
October 6, 2006
Overall, businesses continue to be positive about the economic outlook.
Business Outlook Survey - Autumn 2006
Content Type(s):
Publications,
Business Outlook Survey
October 3, 2006
A New Effective Exchange Rate Index for the Canadian Dollar
An effective exchange rate is a measure of the value of a country's currency vis-à-vis the currencies of its most important trading partners. The Bank of Canada has created a new Canadian-dollar effective exchange rate index (CERI) to replace the C-6 index that it currently uses. The CERI uses multilateral trade weights published by the International Monetary Fund and includes the six currencies of countries or economic zones with the largest share of Canada's international trade. As such, it better reflects the recent changes in Canada's trade profile, including the rise in the importance of China and Mexico and the relative decline in importance of Europe and Japan in Canada's international trade. The author describes the methodology and construction of the new index and reviews the advantages it offers over the C-6, particularly the use of multilateral trade weights, the inclusion of trade in services, and the use of more recent trade data.
Content Type(s):
Publications,
Bank of Canada Review articles
Topic(s):
Exchange rates,
Financial markets,
Monetary and financial indicators
July 13, 2006
Overall, the outlook for economic growth and inflation in Canada is largely unchanged from that set out in the April Monetary Policy Report.
Monetary Policy Report Update – July 2006
Content Type(s):
Publications,
Monetary Policy Report
June 30, 2006
The results of this Business Outlook Survey are broadly in line with those of the previous one.
Business Outlook Survey - Summer 2006
Content Type(s):
Publications,
Business Outlook Survey
June 21, 2006
Credibility with Flexibility: The Evolution of Inflation-Targeting Regimes, 1990–2006
Beginning with a review of the adoption of inflation targeting in a broad group of countries, Paulin focuses on changes in the design of inflation-targeting frameworks in light of fifteen years of accumulated experience. Included in the discussion are the use of numerical targets and ranges, the policy horizon, supporting institutional policy structures, and communication, including the publication of forecasts. A recurring theme is how much flexibility an inflation-targeting regime allows. The article concludes that the changes made to the frameworks have been relatively modest since their adoption, but in concert with the improved credibility that has resulted from central banks meeting their inflation-control targets, they have allowed an increasingly nuanced response to economic shocks.
Content Type(s):
Publications,
Bank of Canada Review articles
Topic(s):
Credibility,
Inflation targets,
Monetary policy framework
June 21, 2006
Bank of Canada Review - Summer 2006
Cover page
Irish Gun Money
The coins pictured on the cover are part of the National Currency Collection of the Bank of Canada.
Photography by Gord Carter
Content Type(s):
Publications,
Bank of Canada Review
June 21, 2006
The financial system makes an important contribution to the welfare of all Canadians. The ability of households and firms to confidently hold and transfer financial assets is one of the fundamental building blocks of the Canadian economy.
Financial System Review - June 2006
Content Type(s):
Publications,
Financial Stability Report