February 7, 2023 CFIF Meeting (February 7, 2023) Content Type(s): Meetings Source(s): Canadian Fixed-Income Forum
February 8, 2023 Release of the Bank of Canada’s summary of deliberations On Wednesday, February 8, 2023, the Bank of Canada will publish a summary of the deliberations that took place ahead of its interest rate decision on January 25, 2023. Content Type(s): Press, Media advisories
February 7, 2023 Speech by Tiff Macklem, Governor of the Bank of Canada On Tuesday, February 7, 2023, Tiff Macklem, Governor of the Bank of Canada, will speak before the CFA Québec. Content Type(s): Press, Media advisories
Fiscal Stimulus and Skill Accumulation over the Life Cycle Staff Working Paper 2023-9 Laure Simon Using micro data from the U.S. Consumer Expenditure Survey and Current Population Survey, I document that government spending shocks affect individuals differently over the life cycle. Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Fiscal policy, Productivity JEL Code(s): D, D1, D12, D15, E, E2, E21, E6, E62, J, J1, J11, J2, J24
The Central Bank’s Dilemma: Look Through Supply Shocks or Control Inflation Expectations? Staff Working Paper 2022-41 Paul Beaudry, Thomas J. Carter, Amartya Lahiri When countries are hit by supply shocks, central banks often face the dilemma of either looking through such shocks or reacting to them to ensure that inflation expectations remain anchored. In this paper, we propose a tractable framework to capture this dilemma and then explore optimal policy under a range of assumptions about how expectations are formed. Content Type(s): Staff research, Staff working papers Topic(s): Central bank research, Economic models, Inflation and prices, Monetary policy, Monetary policy and uncertainty, Monetary policy communications JEL Code(s): E, E1, E12, E2, E24, E3, E31, E5, E52, E58, E6, E65
July 26, 2021 CARR Meeting (July 26, 2021) Content Type(s): Meetings Source(s): Canadian Alternative Reference Rate Working Group
Stressed but not Helpless: Strategic Behaviour of Banks Under Adverse Market Conditions Staff Working Paper 2021-35 Grzegorz Halaj, Sofia Priazhkina Our stress-testing tool considers banks under stress that can strategically manage their balance sheets. Using confidential Canadian supervisory data, we assess whether bank behaviour to maximize shareholder value can amplify a hypothetical stress scenario. Content Type(s): Staff research, Staff working papers Topic(s): Central bank research, Economic models, Financial institutions, Financial stability, Financial system regulation and policies JEL Code(s): C, C6, C63, C7, C72, G, G2, G21
May 15, 2023 Financial System Survey highlights—2023 This article presents the key results from the 2023 Bank of Canada Financial System Survey, conducted between February 21 and March 10. The survey included a special section on margining practices for non-centrally cleared derivatives. Content Type(s): Publications, Financial System Survey
May 8, 2023 Bank of Canada Media Interview – La Presse Paul Beaudry, Deputy Governor of the Bank of Canada, gave an interview to Hélène Baril of La Presse on the launch of a public consultation on a potential digital dollar. Content Type(s): Press, Media advisories
May 4, 2023 Bank of Canada Media Interview – CBC Radio Tiff Macklem, Governor of the Bank of Canada, was interviewed on CBC’s radio show As It Happens. The program airs tonight at 18:30 (Eastern Time). Content Type(s): Press, Media advisories