ElasticSearch Score: 2.8754704
May 17, 2012
This issue features a summary of the Bank’s annual conference, which took place in November 2011 and dealt with payments systems, and two articles that present research by Bank staff on global current account imbalances and macrofinancial risk assessment. The fourth article in this issue reviews the recent experience with inflation targeting.
ElasticSearch Score: 2.874259
The secular decline in real interest rates has created a challenge for monetary policy, now confronting the zero lower bound more often. An increase in the supply of safe assets reduces downward pressure on the natural interest rate. This allows monetary policy to reach price stability and full employment, but not without cost—permanently lower investment.
ElasticSearch Score: 2.831483
October 22, 2006
Cover page
The "pretended" Bank of Upper Canada — Kingston (1819-22)
The note is part of the National Currency Collection of the Bank of Canada.
Photography by Gord Carter
ElasticSearch Score: 2.80686
June 21, 2006
Cover page
Irish Gun Money
The coins pictured on the cover are part of the National Currency Collection of the Bank of Canada.
Photography by Gord Carter
ElasticSearch Score: 2.699498
The international business cycle is very important for Latin America’s economic performance as the recent global crisis vividly illustrated. This paper investigates how changes in trade linkages between China, Latin America, and the rest of the world have altered the transmission mechanism of international business cycles to Latin America.
ElasticSearch Score: 2.61753
In this paper, we measure, with Canadian data, the scope of the revisions to real-time estimates of the output gap generated with several univariate and multivariate techniques. We also make an empirical evaluation of the usefulness of the output gap estimates for predicting inflation.
ElasticSearch Score: 2.4832747
U.S. retail food price increases in recent years may seem large in nominal terms, but after adjusting for inflation have been quite modest even after the change in U.S. biofuel policies in 2006. In contrast, increases in the real prices of corn, soybeans, wheat and rice received by U.S. farmers have been more substantial and can be linked in part to increases in the real price of oil.
ElasticSearch Score: 2.0569727
August 18, 2011
This special issue, “Real-Financial Linkages,” examines the Bank’s research using theoretical and empirical models to improve its understanding of the linkages between financial and macroeconomic developments in the wake of the recent global financial crisis.