November 5, 2013 Transitioning to More Balanced and Sustainable Growth Remarks John Murray Federal Reserve Bank of San Francisco San Francisco, California Deputy Governor John Murray discusses transitioning to more stable and balanced economic growth in the global economy. Content Type(s): Press, Speeches and appearances, Remarks
November 7, 2001 Monetary Policy Report – November 2001 Two major issues dominate the analysis and policy discussion in this Monetary Policy Report: the nature and extent of the global economic slowdown that began late last year and the consequences of the terrorist attacks in the United States. Content Type(s): Publications, Monetary Policy Report
March 21, 2018 Bank of Canada announces creation of working group to develop new term risk-free interest rate benchmark The Bank of Canada today announced the creation of the Canadian Alternative Reference Rate Working Group (CARR), sponsored by the Canadian Fixed-Income Forum (CFIF), to identify and seek to develop a new term risk-free Canadian dollar interest rate benchmark. Content Type(s): Press, Market notices
October 7, 2021 The long and short of it: A balanced vision for the international monetary and financial system Remarks (delivered virtually) Tiff Macklem Council on Foreign Relations Washington, D.C. Governor Tiff Macklem advocates for global coordination to strengthen the international monetary and financial system. Content Type(s): Press, Speeches and appearances, Remarks Research Topic(s): Development economics, Exchange rate regimes, Financial system regulation and policies, Foreign reserves management, International financial markets, International topics, Trade integration
How Important Are Liquidity Constraints for Canadian Households? Evidence from Micro-Data Staff Discussion Paper 2012-9 Umar Faruqui, Samah Torchani Using a unique micro-dataset containing real and financial information on Canadian households for 2000–07, the authors address two questions: (1) What is the proportion of households whose consumption displays excess sensitivity to income, and who are likely liquidity constrained? Content Type(s): Staff research, Staff discussion papers Research Topic(s): Economic models, Sectoral balance sheet JEL Code(s): C, C3, C35, D, D1, D12, D3, D30
Core inflation over the COVID-19 pandemic Staff Analytical Note 2022-17 Mikael Khan, Elyse Sullivan We assess the usefulness of various measures of core inflation over the COVID-19 pandemic. We find that Cpi-trim and CPI-median provided the best signal of underlying inflation. The favourable performance of these measures stems from their lack of reliance on historical experience, an especially valuable feature in unprecedented times. Content Type(s): Staff research, Staff analytical notes Research Topic(s): Econometric and statistical methods, Inflation and prices, Monetary policy JEL Code(s): C, C1, C18, E, E3, E31
August 25, 2020 Our COVID-19 response: Large-scale asset purchases Paul Beaudry The Bank of Canada has taken many actions to support Canadians since the COVID-19 pandemic struck. These include large-scale asset purchases—buying a substantial amount of government bonds and other financial assets. Our purchases serve two purposes. They help key financial markets work properly, and they can help increase spending in the economy. This leads to more employment and stronger economic growth. Content Type(s): Publications, The Economy, Plain and Simple Research Topic(s): Coronavirus disease (COVID-19), Debt management, Financial markets, Financial stability, Inflation and prices, Interest rates, Market structure and pricing, Monetary policy, Monetary policy transmission
Updated Methodology for Assigning Credit Ratings to Sovereigns Staff Discussion Paper 2021-16 Karim McDaniels, Nico Palesch, Sanjam Suri, Zacharie Quiviger, John Walsh We update the Bank of Canada’s credit rating methodology for sovereigns, including our approach to assessing their fiscal position and monetary policy flexibility. We also explicitly consider climate-related factors. Content Type(s): Staff research, Staff discussion papers Research Topic(s): Credit risk management, Foreign reserves management JEL Code(s): F, F3, F31, G, G2, G24, G28, G3, G32
November 7, 2007 Developing a Framework to Assess Financial Stability Conference held on 7 and 8 November 2007 (papers in unedited, electronic format only) Content Type(s): Conferences and workshops
May 5, 2022 Economic reconciliation: Supporting a return to Indigenous prosperity Remarks Lawrence L. Schembri National Aboriginal Capital Corporations Association Gatineau, Quebec Bank of Canada Deputy Governor Lawrence Schembri discusses economic reconciliation with Indigenous peoples. Content Type(s): Press, Speeches and appearances, Remarks Research Topic(s): Fiscal policy, Monetary policy