July 25, 2022 CARR Meeting (July 25, 2022) Content Type(s): Meetings Source(s): Canadian Alternative Reference Rate Working Group
How Do People View Price and Wage Inflation? Staff Working Paper 2022-34 Monica Jain, Olena Kostyshyna, Xu Zhang This paper examines household-level data from the Canadian Survey of Consumer Expectations (CSCE) to understand households’ expectations about price and wage inflation, how those expectations link to views about labour market conditions and the subsequent impact on households’ outlook for real spending growth. Content Type(s): Staff research, Staff working papers Topic(s): Inflation and prices, Monetary policy communications JEL Code(s): C, C8, C83, D, D8, D84, E, E2, E21, E24, E3, E31
July 20, 2022 Bank of Canada Media Interview – TVA Nouvelles Governor Tiff Macklem gave an interview to Richard Latendresse of TVA Nouvelles. The interview will air tonight on the 5 o’clock newscast (Eastern Time). Please check local listings for channel information or go to https://www.tvanouvelles.ca/ for more information. Content Type(s): Press, Media advisories
July 20, 2022 Bank of Canada Media Interview – CTV Tiff Macklem, Governor of the Bank of Canada, gave an interview to Evan Solomon. The interview will air tonight on CTV National News. Please check local listings or go to https://ctvnews.ca/ for more information. Content Type(s): Press, Media advisories
July 20, 2022 TVA Nouvelles Tiff Macklem, Governor of the Bank of Canada Interview with TVA Nouvelles Content Type(s): Press, Media activities
July 20, 2022 CTV News Tiff Macklem, Governor of the Bank of Canada Interview with CTV News Content Type(s): Press, Media activities
A Horse Race of Monetary Policy Regimes: An Experimental Investigation Staff Working Paper 2022-33 Olena Kostyshyna, Luba Petersen, Jing Yang How should central banks design monetary policy in stable times and during recessions? We run a horse race between five monetary policy frameworks in an experimental laboratory to assess how well the different approaches can manage the public’s expectations and stabilize the economy. Content Type(s): Staff research, Staff working papers Topic(s): Inflation targets, Monetary policy, Monetary policy communications, Monetary policy framework JEL Code(s): C, C9, D, D8, D84, E, E5, E52, E58
July 14, 2022 Webinar with Tiff Macklem, Governor of the Bank of Canada On Thursday, July 14, 2022, Tiff Macklem, Governor of the Bank of Canada, will take part in a webinar hosted by the Canadian Federation of Independent Business (CFIB). The event is private, but a recording of the conversation will be published online at approximately 16:30. Content Type(s): Press, Media advisories
Cyber Risk and Security Investment Staff Working Paper 2022-32 Toni Ahnert, Michael Brolley, David Cimon, Ryan Riordan We develop a principal-agent model of cyber-attacking with fee-paying clients who delegate security decisions to financial platforms. We derive testable implications about clients’ vulnerability to cyber attacks and about the fees charged. Content Type(s): Staff research, Staff working papers Topic(s): Economic models, Financial services, Financial stability, Financial system regulation and policies, Payment clearing and settlement systems JEL Code(s): D, D7, D78, D8, D81, G, G1, G18, G2, G21, G23
Canadians’ Access to Cash Before and During the COVID-19 Pandemic Staff Discussion Paper 2022-15 Heng Chen, Marie-Hélène Felt This paper studies Canadians’ access to cash using the geographical distribution of automated banking machines (ABMs). During the pandemic, there have been no sustained adverse effects on cash accessibility. Content Type(s): Staff research, Staff discussion papers Topic(s): Financial services, Regional economic developments JEL Code(s): J, J1, J15, O, O1, R, R5, R51