Measuring Uncertainty in Monetary Policy Using Implied Volatility and Realized Volatility Staff Working Paper 2013-37 Bo Young Chang, Bruno Feunou We measure uncertainty surrounding the central bank’s future policy rates using implied volatility computed from interest rate option prices and realized volatility computed from intraday prices of interest rate futures. Content Type(s): Staff research, Staff working papers Topic(s): Monetary and financial indicators, Monetary policy and uncertainty JEL Code(s): E, E4
ToTEM II: An Updated Version of the Bank of Canada’s Quarterly Projection Model Technical Report No. 100 José Dorich, Michael K. Johnston, Rhys R. Mendes, Stephen Murchison, Yang Zhang This report provides a detailed technical description of an updated version of the Terms-of-Trade Economic Model (ToTEM II), which replaced ToTEM (Murchison and Rennison 2006) in June 2011 as the Bank of Canada’s quarterly projection model for Canada. Content Type(s): Staff research, Technical reports Topic(s): Business fluctuations and cycles, Economic models JEL Code(s): E, E1, E17, E2, E20, E3, E30, E4, E40, E5, E50, F, F4, F41
October 23, 2013 Release of the Monetary Policy Report Opening statement Stephen S. Poloz Ottawa, Ontario Press conference following the release of the Monetary Policy Report. Content Type(s): Press, Speeches and appearances, Opening statements
October 23, 2013 Bank of Canada maintains overnight rate target at 1 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. Content Type(s): Press, Press releases
October 23, 2013 Monetary Policy Report – October 2013 The Canadian economy is expected to grow by 1.6 per cent in 2013, 2.3 per cent in 2014 and 2.6 per cent in 2015, and to reach full production capacity around the end of 2015. Content Type(s): Publications, Monetary Policy Report
October 18, 2013 Weekly Financial Statistics - 18 October 2013 Content Type(s): Publications, Historical: Weekly Financial Statistics
October 11, 2013 Weekly Financial Statistics - 11 October 2013 Content Type(s): Publications, Historical: Weekly Financial Statistics
October 11, 2013 Business Outlook Survey - Autumn 2013 Weak demand and uncertainty regarding future demand continue to weigh on firms’ investment decisions and near-term capacity planning, according to responses to the autumn survey. Content Type(s): Publications, Business Outlook Survey