March 26, 2011 The Paradigm Shifts: Global Imbalances, Policy, and Latin America Remarks Mark Carney Inter-American Development Bank Calgary, Alberta Globalization is the opportunity and the challenge of our age. It has the potential to lift billions out of poverty, vastly expand economic prospects, and develop a more diverse and resilient global economy. Content Type(s): Press, Speeches and appearances, Remarks
June 14, 2012 The Resolution of Systemically Important Financial Institutions Financial System Review - June 2012 Alexandra Lai, Adi Mordel Content Type(s): Publications, Financial System Review articles
June 20, 2010 Securitized Products, Disclosure, and the Reduction of Systemic Risk Financial System Review - June 2010 Carolyn A. Wilkins, Scott Hendry, Stéphane Lavoie Content Type(s): Publications, Financial System Review articles
The Complex Adjustment of the Canadian Economy to Lower Commodity Prices Staff analytical note 2016-1 Julien Champagne, Nikita Perevalov, Hope Pioro, Dany Brouillette, Andrew Agopsowicz In this analytical note, we provide a comprehensive assessment of the complex structural adjustment facing the Canadian economy following the commodity price decline since mid-2014. We quantify separately the impacts coming from the commodity sector restructuring and the broader effect of significantly lower terms of trade. Content Type(s): Staff research, Staff analytical notes JEL Code(s): E, E1, E17, E2, E27, E5, E52, J, J2, Q, Q0, Q00 Research Theme(s): Monetary policy, Inflation dynamics and pressures, Real economy and forecasting, Structural challenges, International trade, finance and competitiveness
Decision Synthesis in Monetary Policy Staff working paper 2024-30 Tony Chernis, Gary Koop, Emily Tallman, Mike West We use Bayesian predictive decision synthesis to formalize monetary policy decision-making. We develop a case-study of monetary policy decision-making of an inflation-targeting central bank using multiple models in a manner that considers decision goals, expectations and outcomes. Content Type(s): Staff research, Staff working papers JEL Code(s): C, C1, C11, C3, C32, C5, C53 Research Theme(s): Models and tools, Econometric, statistical and computational methods, Economic models, Monetary policy, Monetary policy framework and transmission
Time Use and Macroeconomic Uncertainty Staff working paper 2023-29 Matteo Cacciatore, Stefano Gnocchi, Daniela Hauser We estimate the effects of economic uncertainty on time use and discuss its macroeconomic implications. We develop a model to demonstrate that substitution between market and non-market work provides an additional insurance margin to households, weakening precautionary savings and labour supply and lowering aggregate demand, ultimately amplifying the contractionary effects of uncertainty. Content Type(s): Staff research, Staff working papers JEL Code(s): E, E2, E24, E3, E32, E5, E52, J, J2, J22 Research Theme(s): Monetary policy, Inflation dynamics and pressures, Monetary policy framework and transmission, Real economy and forecasting
May 23, 2004 The Bank of Canada's Business Outlook Survey Bank of Canada Review - Spring 2004 Monica Martin Since the autumn of 1997, the regional offices of the Bank of Canada have conducted quarterly consultations with businesses across Canada. Timed to feed into the process that precedes the Bank's fixed dates for announcing monetary policy decisions, the consultations (now referred to as the Business Outlook Survey) are structured around a questionnaire which is sent to 100 firms that reflect the Canadian economy in terms of region, type of business activity, and firm size. Martin describes both the consultation process and the questionnaire and makes an initial assessment of the data gathered during the business interviews. The article includes charts and correlation tables that illustrate the responses to the key questions included in the survey. Content Type(s): Publications, Bank of Canada Review articles
Financial Distress and Hedging: Evidence from Canadian Oil Firms Staff discussion paper 2019-4 Kun Mo, Farrukh Suvankulov, Sophie Griffiths The paper explores the link between financial distress and the commodity price hedging behaviour of Canadian oil firms. Content Type(s): Staff research, Staff discussion papers JEL Code(s): G, G3, G32, Q, Q4, Q40 Research Theme(s): Financial markets and funds management, Market functioning, Financial system, Household and business credit
November 14, 1999 Real Exchange Rate Indexes for the Canadian Dollar Bank of Canada Review - Autumn 1999 Robert Lafrance, Pierre St-Amant In this article, the authors explain the methodology used to construct real exchange rate (RER) indexes. They also compare and assess various Canadian RER indexes from both an empirical and conceptual standpoint. The authors conclude that both theory and empirical evidence suggest that the best RER indexes are those based on unit labour costs. They note, however, that, for practical reasons, policy-makers should also consider RER indexes based on prices when formulating monetary policy. Content Type(s): Publications, Bank of Canada Review articles
February 16, 2000 Monetary Policy Report Update – February 2000 Information received since the last Monetary Policy Report, released on 17 November, points to a stronger pace of economic expansion in the United States and Europe than was expected at that time, and confirms the hesitant nature of the recovery in Japan. Content Type(s): Publications, Monetary Policy Report