On the Nexus of Monetary Policy and Financial Stability: Is the Financial System More Resilient? Staff discussion paper 2016-12 Patricia Palhau Mora, Michael Januska Monetary policy and financial stability are closely intertwined, and the resilience of the financial system carries weight in this relationship. This paper explores whether the financial system is more resilient as a result of the G20’s post-crisis agenda for financial regulatory reform. Content Type(s): Staff research, Staff discussion papers JEL Code(s): E, E5, E52, G, G0, G01, G2, G21, G23, G28 Research Theme(s): Financial system, Financial stability and systemic risk, Financial system regulation and oversight, Monetary policy, Monetary policy framework and transmission
October 22, 2003 Monetary Policy Report – October 2003 In the April Monetary Policy Report, the Bank noted that inflation was well above its 2 per cent target and that short-term inflation expectations had edged up. Content Type(s): Publications, Monetary Policy Report
June 18, 2018 Rebooting Reference Rates Remarks Lynn Patterson Investment Industry Association of Canada and Institute of International Finance Toronto, Ontario Deputy Governor Lynn Patterson discusses the efforts in multiple jurisdictions to strengthen LIBOR and similar benchmarks and work underway in Canada to consider a new risk-free benchmark for the Canadian dollar market. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Financial system, Financial markets, Financial stability, Monetary policy, Economy/Economic growth
April 1, 2009 Rebuilding Confidence in the Global Economy Remarks Mark Carney Northwest Territories Chamber of Commerce and Yellowknife Chamber of Commerce Yellowknife, Northwest Territories These are very challenging times. The Canadian economy is in recession. The global economy is facing a crisis of confidence, triggered by the most severe financial meltdown since the Great Depression; fanned by sharp falls in trade, manufacturing output, and financial wealth; and intensified by steep increases in unemployment. Content Type(s): Press, Speeches and appearances, Remarks
June 21, 2009 Financial System Review - June 2009 Policy-makers around the world met the intensification of the global financial crisis at the end of 2008 with a forceful response aimed at restoring confidence in the global financial system, promoting the flow of credit, and supporting economic activity.FSR Highlights - June 2009 Erratum: Legends for Chart 13 on page 15 of the June 2009 issue should read: Argentina (right scale), Mexico (left scale). See revised chart. Content Type(s): Publications, Financial Stability Report
November 6, 2007 North America in Today's Global Economic Setting Remarks Paul Jenkins Canadian Association of New York New York, New York In recent months, much has been said, and written, about developments in financial markets. The turbulence in global credit markets, which had its roots in developments in the market for subprime mortgages here in the United States, has been a focal point of attention for market participants and policy-makers around the world. Content Type(s): Press, Speeches and appearances, Remarks
The Paul Storer Memorial Lecture—Cross-Border Trade Integration and Monetary Policy Staff discussion paper 2016-20 Stephen S. Poloz In this paper we explore the nexus between cross-border trade integration and monetary policy. We first review the evidence that trade liberalization has increased the degree of integration in North America and conclude that, while robust structural inferences remain elusive, there is sufficient supporting evidence for central banks to treat the issue seriously. Content Type(s): Staff research, Staff discussion papers JEL Code(s): E, E3, E37, E5, F, F1, F4, F41, F6 Research Theme(s): Models and tools, Economic models, Monetary policy, Monetary policy framework and transmission, Structural challenges, International trade, finance and competitiveness
October 25, 2017 Monetary Policy Report – October 2017 Projections for Canadian economic growth have been increased to 3.1 per cent this year and 2.1 per cent in 2018, with growth of 1.5 per cent forecast for 2019. Content Type(s): Publications, Monetary Policy Report
Changing Fortunes: Long-Termism—G-Zero, Artificial Intelligence and Debt Staff discussion paper 2019-12 Stephen S. Poloz This paper discusses three long-term forces that are acting on the global economy and their implications for companies and policy-makers. Content Type(s): Staff research, Staff discussion papers JEL Code(s): E, E6, E63, F, F0, F02, F1, F15, F5, F53, F6, H, O, O1, O11, O3, O33 Research Theme(s): Financial system, Financial stability and systemic risk, Structural challenges, Demographics and labour supply, Digitalization and productivity, International trade, finance and competitiveness
What People Believe About Monetary Finance and What We Can(’t) Do About It: Evidence from a Large-Scale, Multi-Country Survey Experiment Staff working paper 2023-36 Cars Hommes, Julien Pinter, Isabelle Salle We conduct a large-scale survey to shed light on what people believe about public finance. An experiment demonstrates that central bank communication can persistently shift views on monetary financing. It further suggests that views on monetary financing impact support for fiscal discipline. Content Type(s): Staff research, Staff working papers JEL Code(s): C, C8, C83, E, E5, E58, E6, E60, E62, E7, E70, G, G5, G53, H, H3, H31 Research Theme(s): Models and tools, Econometric, statistical and computational methods, Monetary policy, Inflation dynamics and pressures, Monetary policy framework and transmission, Real economy and forecasting