September 19, 2024 Monetary policy decision-making: Behind the scenes Remarks Nicolas Vincent Sherbrooke Chamber of Commerce and Industry Sherbrooke, Quebec External Deputy Governor Nicolas Vincent gives a behind the scenes look at the rigorous research, analysis and debate that go into every monetary policy decision. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Monetary policy, Economic models, Inflation targeting framework
August 19, 2010 Price-Level Targeting and Relative-Price Shocks Bank of Canada Review - Summer 2010 Stephen Murchison Stephen Murchison reviews the findings of recent Bank of Canada research on the relative merits of inflation targeting and price-level targeting (PLT) for a small open economy, such as Canada's, that is susceptible to large and persistent terms-of-trade shocks. Content Type(s): Publications, Bank of Canada Review articles
June 14, 2007 Bank of Canada Review - Summer 2007 Cover page Decimalization in Great Britain The Victorian florin on the cover is part of the National Currency Collection of the Bank of Canada. Content Type(s): Publications, Bank of Canada Review
Price-Level Dispersion versus Inflation-Rate Dispersion: Evidence from Three Countries Staff working paper 2017-3 David Fielding, Christopher Hajzler, James (Jim) C. MacGee Inflation can affect both the dispersion of commodity-specific price levels across locations (relative price variability, RPV) and the dispersion of inflation rates (relative inflation variability, RIV). Some menu-cost models and models of consumer search suggest that the RIV-inflation relationship could differ from the RPV-inflation relationship. Content Type(s): Staff research, Staff working papers JEL Code(s): E, E3, E31, E5, E50 Research Theme(s): Monetary policy, Inflation dynamics and pressures, Real economy and forecasting
Inequality in Parental Transfers and Optimal Need-Based Financial Aid Staff working paper 2019-7 Youngmin Park This paper studies optimal need-based financial aid when parental transfers—unobserved by policymakers—vary across and within families of similar means. Using data on U.S. college students, I document substantial inequality in parental transfers, especially among wealthier families. I then analyze how this affects aid design aimed at reducing inefficiencies from borrowing constraints and the aid itself. Content Type(s): Staff research, Staff working papers JEL Code(s): D, D1, D14, D6, D61, D64, D8, D82, I, I2, I22, J, J2, J24 Research Theme(s): Financial system, Household and business credit, Monetary policy, Real economy and forecasting, Structural challenges, Demographics and labour supply
January 25, 2012 The Changing Landscape of Securities Trading Financial System Review - December 2007 Éric Chouinard Content Type(s): Publications, Financial System Review articles
April 13, 2022 Monetary Policy Report – April 2022 Canadian economic activity remains strong, and employment is robust. The Bank is forecasting growth of about 4¼% in 2022, easing to 3¼% in 2023. Content Type(s): Publications, Monetary Policy Report
December 6, 2012 Financial System Review - December 2012 The Governing Council judges that the risks to the stability of Canada’s financial system remain high, as they were at the time of the June FSR. The sources of the key risks are similar to those highlighted in June, and emanate primarily from the external environment. Content Type(s): Publications, Financial Stability Report
October 10, 2015 Integrating Financial Stability into Monetary Policy Remarks Stephen S. Poloz Institute of International Finance Lima, Peru Governor Poloz speaks about how the Bank’s risk-management approach contributes to integrating financial stability concerns into monetary policy. Content Type(s): Press, Speeches and appearances, Remarks
July 6, 2020 Business Outlook Survey—Summer 2020 Results from the summer Business Outlook Survey suggest that business sentiment is strongly negative in all regions and sectors due to impacts from the COVID 19 pandemic and the drop in oil prices. Firms reported that weak demand is reducing both capacity pressures and expectations for price growth. Content Type(s): Publications, Business Outlook Survey