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9269 Results

Macroeconomic Disasters and Consumption Smoothing: International Evidence from Historical Data

Staff Working Paper 2023-4 Lorenzo Pozzi, Barbara Sadaba
Does consumption smoothing fundamentally decrease during macroeconomic disasters? This paper uses a large historical dataset (1870–2016) for 16 industrial economies to show that during macroeconomic disasters (e.g., wars, pandemics, depressions) aggregate consumption and income are significantly less decoupled than during normal times.
August 16, 2022

La Presse

Tiff Macklem
In an opinion piece published by La Presse, Governor Tiff Macklem talks about inflation and the Bank's focus on taming it.
Content Type(s): Press, Media activities
February 7, 2023

Monetary policy at work

Remarks Tiff Macklem CFA Québec Québec, Québec
Bank of Canada Governor Tiff Macklem explains how recent interest rate increases work their way through the Canadian economy to slow demand and bring inflation down.
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