Assessing Labour Market Slack for Monetary Policy Staff discussion paper 2021-15 Erik Ens, Laurence Savoie-Chabot, Kurt See, Shu Lin Wee Measuring labour market slack is essential for central banks: without full employment in the economy, inflation will not stay close to target. We propose a comprehensive approach to assessing labour market slack that reflects the complexity and diversity of the labour market. Content Type(s): Staff research, Staff discussion papers JEL Code(s): E, E2, E24, J, J2, J21, J6 Research Theme(s): Monetary policy, Monetary policy framework and transmission, Real economy and forecasting, Structural challenges, Demographics and labour supply
COVID-19, Containment and Consumption Staff discussion paper 2022-5 Tatjana Dahlhaus, Daniel Hyun, Antoine Poulin-Moore, Jaime Trujillo, Saarah Sheikh, Benjamin Straus We assess the impact of COVID-19 on consumption indicators by estimating the effects of government-mandated containment measures and of the willingness of individuals to voluntarily physically distance to prevent contagion. Content Type(s): Staff research, Staff discussion papers JEL Code(s): C, C2, C23, D, D1, D12, E, E6, E65, I, I1, I18 Research Theme(s): Monetary policy, Inflation dynamics and pressures, Real economy and forecasting
March 6, 2010 By All Accounts By All Accounts is the fifth and final book in the Bank's souvenir history series. This volume presents a portrait of the Bank from the perspective of outside observers, showing how Canadians have perceived the performance of their central bank over the decades through the eyes of those who monitor its work on the public's behalf. Content Type(s): Publications, Books and monographs, Souvenir books
A Review of the Bank of Canada’s Support of Key Financial Markets During the COVID-19 Crisis Staff discussion paper 2023-9 Joshua Fernandes, Michael Mueller The COVID-19 pandemic placed unprecedented strain on the global financial system. We describe how the Bank of Canada responded to the rapidly deteriorating liquidity in core Canadian fixed-income markets. Content Type(s): Staff research, Staff discussion papers JEL Code(s): E, E4, E44, E5, E58, G, G0, G01 Research Theme(s): Financial markets and funds management, Market functioning, Financial system, Financial stability and systemic risk, Monetary policy, Monetary policy tools and implementation
December 11, 1997 Price stability, inflation targets, and monetary policy: Conference summary Bank of Canada Review - Winter 1997-1998 Tiff Macklem This article summarizes the proceedings of a conference hosted by the Bank of Canada in May 1997. The first conference held by the Bank on this subject was in 1993, two years after the introduction of inflation targeting in Canada. The 1997 conference revisited many of the analytic issues related to price stability that had been examined at the first conference, while also considering several additional questions. This time, with the extension of inflation-control targets beyond 1998 under consideration, particular emphasis was placed on the role and design of those targets. The conference also featured a round-table discussion among practitioners of monetary policy in three inflation-targeting countries—New Zealand, Sweden, and the United Kingdom. Their remarks, which focussed on the experience with inflation targets, bring out very clearly the common challenges facing monetary policymakers in open economies. Content Type(s): Publications, Bank of Canada Review articles
May 27, 1999 Bank of Canada Announces Appointment of Senior Deputy Governor Media Relations The Board of Directors of the Bank of Canada announced today that, pursuant to Section 6 of the Bank of Canada Act, Malcolm Knight has been appointed Senior Deputy Governor of the Bank for a seven-year term, effective 5 July 1999. Content Type(s): Press, Press releases
August 26, 2008 Work in Progress: The Bank of Canada's Response to the Financial Turbulence Remarks David Longworth Canadian Association for Business Economics Kingston, Ontario The financial turbulence over the past year has been costly and difficult for many individuals and financial institutions; it's been challenging for policy-makers; and it's had implications for the overall economy. Content Type(s): Press, Speeches and appearances, Remarks
The Bank of Canada 2015 Retailer Survey on the Cost of Payment Methods: Sampling Technical report No. 108 Angelika Welte In 2015, the Bank of Canada undertook the large-scale Retailer Survey on the Cost of Payment Methods. Content Type(s): Staff research, Technical reports JEL Code(s): C, C8, C81, C83 Research Theme(s): Models and tools, Econometric, statistical and computational methods, Money and payments, Retail payments
April 16, 2020 Opening Statement before the House of Commons Standing Committee on Finance Opening statement Stephen S. Poloz House of Commons Standing Committee on Finance Ottawa, Ontario Good afternoon, Mr. Chairman and committee members. Senior Deputy Governor Wilkins and I welcome the opportunity to appear before you to discuss the Bank’s policy actions in response to the coronavirus pandemic, as well as our Monetary Policy Report (MPR), which we published yesterday. The Canadian economy is experiencing a significant and rapid contraction. The […] Content Type(s): Press, Speeches and appearances, Opening statements Subject(s): Financial system, Financial markets, Monetary policy, Economy/Economic growth, Inflation targeting framework
Canadian Repo Market Ecology Staff discussion paper 2016-8 Corey Garriott, Kyle Gray This is the first of the Financial Markets Department’s descriptions of Canadian financial industrial organization. The document discusses the organization of the repurchase-agreement (repo) market in Canada. Content Type(s): Staff research, Staff discussion papers JEL Code(s): G, G1, G18, G2, G21, G23 Research Theme(s): Financial markets and funds management, Market functioning, Market structure, Financial system, Financial institutions and intermediation, Financial system regulation and oversight