January 10, 2011 Household Finances and Economic Growth Remarks Agathe Côté Canadian Club of Kingston Kingston, Ontario Why does household financial health matter to the Bank of Canada? It matters because how Canadians spend and how much they spend affect both the conduct of monetary policy and the stability of the financial system. Content Type(s): Press, Speeches and appearances, Remarks
How to Manage Macroeconomic and Financial Stability Risks: A New Framework Staff analytical note 2018-11 Alexander Ueberfeldt, Thibaut Duprey Financial system vulnerabilities increase the downside risk to future GDP growth. Macroprudential tightening significantly reduces financial stability risks associated with vulnerabilities. Monetary policy faces a trade-off between financial stability and macroeconomic risks. Content Type(s): Staff research, Staff analytical notes JEL Code(s): E, E4, E44, E5, E52, E58, G, G0, G01 Research Theme(s): Financial system, Financial stability and systemic risk, Financial system regulation and oversight, Models and tools, Economic models, Monetary policy, Monetary policy framework and transmission
December 10, 2013 Financial System Review - December 2013 There have been positive developments in the global financial system since the June Financial System Review, in part reflecting some encouraging signs about the global economy. At the same time, significant vulnerabilities remain. The Governing Council judges that the overall risk to the stability of Canada’s financial system has decreased from “high” to “elevated” over the past six months. Content Type(s): Publications, Financial Stability Report
Gender Gaps in Time Use and Entrepreneurship Staff working paper 2024-43 Pedro Bento, Lin Shao, Faisal Sohail The prevalence of entrepreneurs, particularly low-productivity non-employers, declines as economies develop. This decline is more pronounced for women. Relative to men, women are more likely to be entrepreneurs in poor economies but less likely in rich economies. Content Type(s): Staff research, Staff working papers JEL Code(s): J, J2, L, L2, O, O1 Research Theme(s): Monetary policy, Real economy and forecasting, Structural challenges, Demographics and labour supply, Digitalization and productivity
Benchmarks for assessing labour market health: 2023 update Staff analytical note 2023-7 Erik Ens, Kurt See, Corinne Luu We enhance benchmarks for assessing strength in the Canadian labour market. We find the labour market remains tight despite recent strong increases in labour supply, including among prime-working-age women. We also assess the anticipated easing in labour conditions in a context of high population growth. Content Type(s): Staff research, Staff analytical notes JEL Code(s): E, E2, E24, J, J2, J21, J6 Research Theme(s): Monetary policy, Real economy and forecasting, Structural challenges, Demographics and labour supply
Demand-Driven Risk Premia in Foreign Exchange and Bond Markets Staff working paper 2025-29 Ingomar Krohn, Andreas Uthemann, Rishi Vala, Jun Yang We show how Treasury demand shocks transmit to foreign exchange and bond markets globally. Higher Treasury demand weakens the U.S. dollar and raises foreign bond prices, with effects persisting for two weeks. The transmission varies predictably across countries based on their monetary policy alignment with the United States. Content Type(s): Staff research, Staff working papers JEL Code(s): F, F3, F30, F31, G, G1, G12, G15 Research Theme(s): Financial markets and funds management, International markets and currencies, Market functioning, Financial system, Financial stability and systemic risk
December 11, 2012 Guidance Remarks Mark Carney CFA Society Toronto Toronto, Ontario Bank of Canada Governor Mark Carney speaks about central bank policy guidance. Content Type(s): Press, Speeches and appearances, Remarks
September 20, 2022 Macroeconomics of the 2020s: What we’ve learned, and what’s to come Remarks Paul Beaudry University of Waterloo Faculty of Arts Distinguished Lecture in Economics Waterloo, Ontario Deputy Governor Paul Beaudry discusses the macroeconomic lessons we’ve learned during the COVID-19 pandemic, and what lies ahead to bring inflation back to target. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Monetary policy, Economy/Economic growth, Inflation, Inflation targeting framework
Stability and Efficiency in Decentralized Two‐Sided Markets with Weak Preferences Staff working paper 2017-4 Radoslav Raykov Many decentralized markets are able to attain a stable outcome despite the absence of a central authority (Roth and Vande Vate, 1990). A stable matching, however, need not be efficient if preferences are weak. This raises the question whether a decentralized market with weak preferences can attain Pareto efficiency in the absence of a central matchmaker. Content Type(s): Staff research, Staff working papers JEL Code(s): C, C7, C78, D, D6, D61 Research Theme(s): Financial markets and funds management, Market structure, Models and tools, Economic models
Decentralized finance: Innovations and challenges Staff analytical note 2023-15 Jonathan Chiu, Hanna Yu Decentralized finance surged in popularity around 2020. We explore its value and limitations and highlight some potential regulatory concerns. Content Type(s): Staff research, Staff analytical notes JEL Code(s): G, G1, G2 Research Theme(s): Financial system, Financial stability and systemic risk, Money and payments, Digital assets and fintech, Payment and financial market infrastructures