April 30, 2013 Bank Note Unveiling Remarks Mark Carney Ottawa, Ontario Governor Mark Carney with Minister of Finance Jim Flaherty, Mr. Paul G. Smith, Chairman of the Board at VIA Rail Canada and Canadian Space Agency Astronaut Chris Hadfield, Commander of the International Space Station (by satellite), unveil the final two notes of the new Polymer bank note series. Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Bank notes
April 30, 2013 Bank of Canada Unveils New $5 and $10 Polymer Bank Notes Media Relations Ottawa, Ontario Canada’s new and more secure $5 and $10 polymer bank notes were unveiled today at the Bank of Canada’s Ottawa head office, and from aboard the International Space Station. Content Type(s): Press, Press releases Topic(s): Bank notes
April 30, 2013 Research Update - April 2013 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. Content Type(s): Staff research, Research newsletters
April 26, 2013 Weekly Financial Statistics - 26 April 2013 Content Type(s): Publications, Historical: Weekly Financial Statistics
April 25, 2013 Banking and Financial Statistics - April 2013 Content Type(s): Publications, Historical: Banking and Financial Statistics
April 24, 2013 Opening Statement before the Senate Standing Committee on Banking, Trade and Commerce Opening statement Mark Carney Senate Standing Committee on Banking, Trade and Commerce Ottawa, Ontario Good afternoon. Tiff and I are pleased to be here with you today to discuss the April Monetary Policy Report, which the Bank published last week. Global economic growth has evolved broadly as anticipated in January. In the United States, the economic expansion is continuing at a modest pace, with gradually strengthening private demand partly […] Content Type(s): Press, Speeches and appearances, Opening statements
Jump-Diffusion Long-Run Risks Models, Variance Risk Premium and Volatility Dynamics Staff Working Paper 2013-12 Jianjian Jin This paper calibrates a class of jump-diffusion long-run risks (LRR) models to quantify how well they can jointly explain the equity risk premium and the variance risk premium in the U.S. financial markets, and whether they can generate realistic dynamics of risk-neutral and realized volatilities. Content Type(s): Staff research, Staff working papers Topic(s): Asset pricing, Economic models JEL Code(s): G, G1, G12, G17
Forecasting with Many Models: Model Confidence Sets and Forecast Combination Staff Working Paper 2013-11 Jon D. Samuels, Rodrigo Sekkel A longstanding finding in the forecasting literature is that averaging forecasts from different models often improves upon forecasts based on a single model, with equal weight averaging working particularly well. This paper analyzes the effects of trimming the set of models prior to averaging. Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods JEL Code(s): C, C5, C53