November 5, 2018 Making sense of financial markets worth the effort, Governor Poloz says Media Relations London, United Kingdom It can be a challenge for central banks to reconcile their views of the economy with signals from financial markets, but the effort is worthwhile, Bank of Canada Governor Stephen S. Poloz says in a speech today. Content Type(s): Press, Press releases
November 5, 2018 Making Sense of Markets Remarks Stephen S. Poloz Canada–UK Chamber of Commerce London, United Kingdom Governor Poloz discusses how the Bank uses financial market information in its monetary policy. Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Asset pricing, Financial markets, Interest rates, Monetary policy, Recent economic and financial developments
November 1, 2018 Bank of Canada publishes staff economic projections for the first time Media Relations Ottawa, Ontario Today the Bank of Canada launched a digital database with more than 30 years of past staff economic projections of the Canadian economy. Content Type(s): Press, Press releases
October 24, 2018 Bank of Canada increases overnight rate target to 1 ¾ per cent Media Relations Ottawa, Ontario The Bank of Canada today increased its target for the overnight rate to 1 ¾ per cent. The Bank Rate is correspondingly 2 per cent and the deposit rate is 1 ½ per cent. Content Type(s): Press, Press releases
October 15, 2018 Business Outlook Survey—Autumn 2018 Responses to the autumn Business Outlook Survey indicate that near-term business prospects continue to be robust. Strong demand and elevated capacity pressures support firms’ investment and employment intentions. Content Type(s): Publications, Business Outlook Survey
October 16, 2018 Keeping the financial system healthy Joshua Slive, Donald Coletti We are all better off if the financial system can weather a storm or two. And every one of us plays a role in keeping it that way. Content Type(s): Publications, The Economy, Plain and Simple Topic(s): Credit risk management, Financial stability, Financial system regulation and policies, International topics, Sectoral balance sheet
September 27, 2018 Technological Disruption and Opportunity Remarks Stephen S. Poloz Atlantic Provinces Economics Council and Greater Moncton Chamber of Commerce Moncton, New Brunswick Governor Poloz talks about how new digital technologies create opportunities in the economy and affect how the Bank conducts monetary policy. Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Domestic demand and components, Inflation and prices, Labour markets, Monetary policy, Potential output, Productivity
Monetary Policy Uncertainty: A Tale of Two Tails Staff Working Paper 2018-50 Tatjana Dahlhaus, Tatevik Sekhposyan We document a strong asymmetry in the evolution of federal funds rate expectations and map this observed asymmetry into measures of monetary policy uncertainty. We show that periods of monetary policy tightening and easing are distinctly related to downside (policy rate is higher than expected) and upside (policy rate is lower than expected) uncertainty. Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Econometric and statistical methods, Monetary policy and uncertainty, Monetary policy communications, Monetary policy transmission JEL Code(s): C, C1, C18, C3, C32, E, E0, E02, E4, E43, E5, E52
Government of Canada Fixed-Income Market Ecology Staff Discussion Paper 2018-10 Léanne Berger-Soucy, Corey Garriott, André Usche This discussion paper is the third in the Financial Markets Department’s series on the structure of Canadian financial markets. These papers are called “ecologies” because they study the interactions among market participants, infrastructures, regulations and the terms of the traded contract itself. Content Type(s): Staff research, Staff discussion papers Topic(s): Debt management, Financial institutions, Financial markets, Financial services JEL Code(s): G, G1, G10, G2, G20, H, H6, H63
Price Selection Staff Working Paper 2018-44 Carlos Carvalho, Oleksiy Kryvtsov We propose a simple, model-free way to measure selection in price setting and its contribution to inflation dynamics. The proposed measure of price selection is based on the observed comovement between inflation and the average level from which adjusting prices depart. Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Inflation and prices, Monetary policy transmission JEL Code(s): E, E3, E31, E5, E51