May 25, 2011 Bank of Canada Announces Details of its Term Repo for Balance Sheet Management Purposes Operation The Bank of Canada announced today that it will conduct a Term Repo Operation for Balance Sheet Management Purposes. Content Type(s): Press, Market notices
May 19, 2011 The Changing Face of Risk in the Global Financial System Remarks Timothy Lane Canadian Pension & Benefits Institute Vancouver, British Columbia I know that risk is ever-present in your work, as you fulfill your commitments to the beneficiaries and sponsors of your pension plans. Important risks surround the investment performance of those plans, as well as the value of pension liabilities. Content Type(s): Press, Speeches and appearances, Remarks
The Canadian Debt-Strategy Model: An Overview of the Principal Elements Staff Discussion Paper 2011-3 David Bolder, Simon Deeley The Canadian Debt Strategy Model helps debt managers determine their optimal financing strategy. The model’s code and documentation are available to the public. Content Type(s): Staff research, Staff discussion papers Topic(s): Debt management, Econometric and statistical methods, Financial markets, Fiscal policy JEL Code(s): C, C0, G, G1, G11, G17, H, H6, H63
May 6, 2011 Monetary Policy and Resource Mobility Presentation Mark Carney Bank of Finland’s 200th Anniversary Conference Helsinki , Finland Mark Carney, Governor of the Bank of Canada, comments on “Monetary Policy and Resource Mobility,” a paper by Carl E. Walsh Content Type(s): Press, Speeches and appearances, Presentations
Financial Factors and Labour Market Fluctuations Staff Working Paper 2011-12 Yahong Zhang What are the effects of financial market imperfections on unemployment and vacancies? Since standard DSGE models do not typically model unemployment, they abstract from this issue. Content Type(s): Staff research, Staff working papers Topic(s): Economic models, Financial markets, Labour markets JEL Code(s): E, E3, E32, E4, E44, J, J6
April 4, 2011 Senior Loan Officer Survey - First-Quarter 2011 The survey results point to an overall net easing in business-lending conditions. Both the price and non-price aspects of business lending eased during the first quarter. Note that the balance of opinion indicates only the direction of the change in lending conditions; it does not provide information on the magnitude of the change. Content Type(s): Publications, Senior Loan Officer Survey
March 28, 2011 The “Great” Recession in Canada: Perception vs. Reality Remarks Jean Boivin Montréal CFA Society Montréal, Quebec Barely three years ago, the financial crisis was a source of major concern worldwide. This unprecedented event had serious and costly repercussions, which we continue to feel today. Content Type(s): Press, Speeches and appearances, Remarks
March 22, 2011 Summary of Comments - 2011-12 Debt Management Strategy Consultations The Summary of Comments - 2011-12 Debt Management Strategy Consultations is being published on the Bank of Canada's website in conjunction with the release of the government's Debt Management Strategy for 2011-12 on the Department of Finance's website. Content Type(s): Press, Market notices
Banks, Credit Market Frictions, and Business Cycles Staff Working Paper 2010-24 Ali Dib The author proposes a micro-founded framework that incorporates an active banking sector into a dynamic stochastic general-equilibrium model with a financial accelerator. Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Credit and credit aggregates, Economic models, Financial stability JEL Code(s): E, E3, E32, E4, E44, G, G1
September 30, 2010 Employment in a Modest Recovery Remarks Mark Carney Windsor-Essex Regional Chamber of Commerce, Giovanni Caboto Club Windsor, Ontario Insights from financial markets are somewhat fleeting at the moment. A broad range of asset prices from the Canadian dollar to S&P500 futures to European sovereign spreads are unusually correlated and volatile. Content Type(s): Press, Speeches and appearances, Remarks