Monetary Policy, Credit Constraints and SME Employment Staff Working Paper 2022-49 Julien Champagne, Émilien Gouin-Bonenfant We revisit an old question: how do financial constraints affect the transmission of monetary policy to the real economy? To answer this question, we propose a simple empirical strategy that combines firm-level employment and balance sheet data, identified monetary policy shocks and survey data on financing activities. Content Type(s): Staff research, Staff working papers Topic(s): Credit and credit aggregates, Econometric and statistical methods, Firm dynamics, Labour markets, Monetary policy JEL Code(s): E, E2, E3, E4, E43, E5, E52, G, G3
December 8, 2022 Economic progress report: More transparency in uncertain times Remarks Sharon Kozicki Urban Development Institute of Quebec Montréal, Quebec Speaking a day after the Bank of Canada’s latest interest rate decision, Deputy Governor Sharon Kozicki discusses the current state of the economy and talks about how the Bank is improving both its use of data and the way we communicate with Canadians. Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Inflation and prices, Interest rates, Monetary policy and uncertainty
December 8, 2022 Helping Canadians better understand our decisions Speech summary Sharon Kozicki Urban Development Institute of Quebec Montréal, Quebec Speaking a day after the Bank of Canada decided to raise our policy interest rate, Deputy Governor Sharon Kozicki discusses the current state of the economy. She also talks about how we are improving our transparency with Canadians. Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Inflation and prices, Interest rates, Monetary policy and uncertainty
December 7, 2022 Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening Media Relations Ottawa, Ontario The Bank of Canada today increased its target for the overnight rate to 4¼%, with the Bank Rate at 4½% and the deposit rate at 4¼%. Content Type(s): Press, Press releases
November 30, 2022 Accessibility feedback We strive to be accessible to everyone, so let us know how we’re doing. Share your feedback with us, and learn about how that feedback will be used.
November 30, 2022 2023–25 Accessibility Plan At the Bank of Canada, we recognize that accessibility is an ongoing and central element of being an inclusive organization. That’s why the plan we’ve developed to continue improving our accessibility builds on our inclusive mindset and practices.
November 30, 2022 Research Update - November 2022 This monthly newsletter features the latest research publications by Bank of Canada economists including external publications and working papers published on the Bank of Canada’s website. Content Type(s): Staff research, Research newsletters
November 29, 2022 CFIF Meeting (November 29, 2022) Content Type(s): Meetings Source(s): Canadian Fixed-Income Forum