The Role of the International Monetary Fund in the Post-Crisis World Staff Discussion Paper 2016-6 Mark Kruger, Robert Lavigne, Julie McKay The International Monetary Fund (IMF, or the Fund) has undergone a number of significant policy changes and reforms in the wake of the global financial crisis. Most notably, in December 2015, the United States approved long-delayed legislation to increase the representation of developing countries in the Fund’s governance structure. Content Type(s): Staff research, Staff discussion papers Topic(s): International topics JEL Code(s): F, F3, F33
October 31, 2014 Research Update - October 2014 This monthly newsletter features the latest research publications by Bank of Canada economists including external publications and working papers published on the Bank of Canada’s website. Content Type(s): Staff research, Research newsletters
Globalization and Inflation: The Role of China Staff Working Paper 2008-35 Denise Côté, Carlos De Resende In this paper, we develop a theoretical model which identifies four channels–import prices, competition with domestic suppliers and workers, and commodity prices–through which price- and wage-setting conditions in country j may affect inflation in country i. Content Type(s): Staff research, Staff working papers Topic(s): International topics JEL Code(s): E, E2, E22, E3, E32, E4, E44
The Institutional and Political Determinants of Fiscal Adjustment Staff Working Paper 2006-1 Robert Lavigne The author empirically assesses the effects of institutional and political factors on the need and willingness of governments to make large fiscal adjustments. Content Type(s): Staff research, Staff working papers Topic(s): Development economics, Econometric and statistical methods, Fiscal policy, International topics JEL Code(s): E, E6, E62, O, O1, O17, O19
Evaluating Real GDP Growth Forecasts in the Bank of Canada Monetary Policy Report Staff Analytical Note 2017-21 André Binette, Dmitri Tchebotarev This paper examines the quality of projections of real GDP growth taken from the Bank of Canada Monetary Policy Report (MPR) since they were first published in 1997. Over the last decade, it has become common practice among the central banking community to discuss forecast performance publicly. Content Type(s): Staff research, Staff analytical notes Topic(s): Business fluctuations and cycles, Econometric and statistical methods, Monetary policy JEL Code(s): C, C5, C52, E, E3, E32, E37, E5, E52
January 29, 1999 Annual Report 1998 Inflation remained low for the seventh consecutive year, and the inflation target range of 1 to 3 per cent was extended to 2001. Content Type(s): Publications, Annual Report
November 8, 2006 The Canadian Economy and Financial Markets in Perspective Remarks David Longworth World Hedge Funds Summit Vaughan, Ontario The hedge fund industry has been growing so quickly that meetings like this one are welcome—they provide a chance to step back and look at context and trends. And that's what I propose to do this morning. Specifically, I'd like to speak about volatility in both the real economy and in financial markets and discuss how it has been affected by monetary policy and financial innovation. Content Type(s): Press, Speeches and appearances, Remarks
May 19, 2015 The Way Home: Reading the Economic Signs Remarks Stephen S. Poloz Greater Charlottetown Area Chamber of Commerce Charlottetown, Prince Edward Island Governor Poloz discusses some key indicators the Bank is watching as the Canadian economy heads toward sustainable balanced growth. Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Business fluctuations and cycles, Firm dynamics, Inflation and prices, Monetary policy, Monetary policy and uncertainty, Recent economic and financial developments
Composition of International Capital Flows: A Survey Staff Working Paper 2010-33 Koralai Kirabaeva, Assaf Razin We survey several key mechanisms that explain the composition of international capital flows: foreign direct investment, foreign portfolio investment and debt flows (bank loans and bonds). In particular, we focus on the following market frictions: asymmetric information in capital markets and exposure to liquidity shocks. Content Type(s): Staff research, Staff working papers Topic(s): International topics JEL Code(s): D, D8, D82, F, F2, F21, F3, F34
December 21, 2008 Financial System Review - December 2008 The turmoil in global financial markets entered a new phase in September, moving to a more acute and broad-based loss of confidence in the context of a series of failures and near-failures of large financial institutions in the United States and Europe.FSR Highlights - December 2008 Content Type(s): Publications, Financial Stability Report