June 13, 2024 Fireside chat by Tiff Macklem, Governor of the Bank of Canada On Thursday, June 13, 2024, Tiff Macklem, Governor of the Bank of Canada, will participate in a fireside chat at the opening ceremony of the BIS Toronto Innovation Hub Centre. Content Type(s): Press, Media advisories
June 13, 2024 Bank of Canada Media Interview – CBC Radio Sharon Kozicki, Deputy Governor of the Bank of Canada, was interviewed on CBC’s radio show All in a Day. Content Type(s): Press, Media advisories
June 13, 2024 Speech by Sharon Kozicki, Deputy Governor of the Bank of Canada On Thursday, June 13, 2024, Sharon Kozicki, Deputy Governor of the Bank of Canada, will speak before the Canadian Association for Business Economics (CABE) hosted by the Ottawa Economics Association (OEA). Content Type(s): Press, Media advisories
June 13, 2024 Reviewing our pandemic actions Speech summary Sharon Kozicki Canadian Association for Business Economics Ottawa, Ontario Deputy Governor Sharon Kozicki talks about the importance of central bank transparency and accountability. She looks at the exceptional monetary policy measures the Bank of Canada used during the COVID-19 pandemic and analyzes their effectiveness. Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Central bank research, Coronavirus disease (COVID-19), Credibility, Economic models, Financial stability, Inflation and prices, Inflation targets, Interest rates, Monetary policy, Monetary policy and uncertainty, Monetary policy communications, Recent economic and financial developments
June 13, 2024 Exceptional policies for an exceptional time: From quantitative easing to quantitative tightening Remarks Sharon Kozicki Canadian Association of Business Economics Ottawa, Ontario Deputy Governor Sharon Kozicki discusses the use of exceptional monetary policy tools during the COVID-19 pandemic, as well as the Bank’s commitment to transparency and accountability. Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Central bank research, Coronavirus disease (COVID-19), Credibility, Economic models, Financial stability, Inflation and prices, Inflation targets, Interest rates, Monetary policy, Monetary policy and uncertainty, Monetary policy communications, Recent economic and financial developments
Sources of pandemic-era inflation in Canada: an application of the Bernanke and Blanchard model Staff Analytical Note 2024-13 Fares Bounajm, Jean Garry Junior Roc, Yang Zhang We explore the drivers of the surge in inflation in Canada during the COVID-19 pandemic. This work is part of a joint effort by 11 central banks using the model developed by Bernanke and Blanchard (2023) to identify similarities and differences across economies. Content Type(s): Staff research, Staff analytical notes Topic(s): Economic models, Inflation and prices, Labour markets JEL Code(s): E, E2, E24, E3, E31, E37, E5, E52, E6
Assessing the Impact of the Bank of Canada’s Government Bond Purchases Staff Discussion Paper 2024-5 Chinara Azizova, Jonathan Witmer, Xu Zhang In March 2020, the Bank of Canada implemented the Government of Canada Bond Purchase Program, eventually purchasing approximately $340 billion of government bonds. In this paper, we analyze the impact of this program on financial market prices and yields as well as on GDP and inflation. Content Type(s): Staff research, Staff discussion papers Topic(s): Financial institutions, Financial markets, Financial system regulation and policies, Inflation and prices, Monetary policy, Monetary policy transmission JEL Code(s): E, E5, E52, E58, G, G2, G21, G28
June 12, 2024 Panel participation by Tiff Macklem, Governor of the Bank of Canada On Wednesday, June 12, 2024, Tiff Macklem, Governor of the Bank of Canada, will participate in a panel discussion at the Conference of Montreal 2024. Content Type(s): Press, Media advisories