December 16, 2022 Bank of Canada Media Interview – Globe and Mail Tiff Macklem, Governor of the Bank of Canada, gave an interview on Friday, December 16 to David Parkinson and Mark Rendell of the Globe and Mail. Content Type(s): Press, Media advisories
December 16, 2022 Bank notes: Backgrounders and explainers Get quick access to background materials, explainers and The Economy, Plain and Simple articles about bank notes.
December 15, 2022 CARR’s CORRA-first initiatives for derivatives to begin on January 9 - update The Canadian Alternative Reference Rate working group (CARR) has been laying the groundwork to ensure a smooth transition of financial products referencing the Canadian Dollar Offered Rate (CDOR). Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
December 15, 2022 News Find news by keyword, author, content type, location, source, topic or publication date.
December 14, 2022 Anti-money laundering and anti-terrorist financing controls framework The Bank of Canada is committed to supporting a secure, stable and resilient financial system infrastructure. This includes applying a risk-based approach to detect and deter the use of the Bank’s services and delivery channels for illegal purposes.
Understanding Post-COVID Inflation Dynamics Staff Working Paper 2022-50 Martin Harding, Jesper Lindé, Mathias Trabandt We propose a macroeconomic model with a nonlinear Phillips curve that has a flat slope when inflationary pressures are subdued and steepens when inflationary pressures are elevated. Our model can generate more sizable inflation surges due to cost-push and demand shocks than a standard linearized model when inflation is high. Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Central bank research, Coronavirus disease (COVID-19), Economic models, Inflation and prices, Inflation: costs and benefits, Monetary policy, Monetary policy implementation JEL Code(s): E, E3, E30, E31, E32, E37, E4, E44, E5, E52