December 6, 2019 Toward 2021: Speeches To help inform Canadians about the renewal process, Governing Council members spoke publicly about the economy and issues related to the monetary policy framework.
Extreme Downside Risk in Asset Returns Staff Working Paper 2019-46 Lerby Ergun Financial markets can experience sudden and extreme downward movements. Investors are highly concerned about the performance of their assets in such scenarios. Some assets perform badly in a downturn in the market; others have milder reactions. Content Type(s): Staff research, Staff working papers Topic(s): Asset pricing, Econometric and statistical methods JEL Code(s): C, C1, C14, G, G1, G11, G12
December 6, 2019 Bank of Canada Governor Stephen S. Poloz to step down in June 2020 Media Relations Ottawa, Ontario The Board of Directors of the Bank of Canada announced today that Governor Stephen S. Poloz has informed them that he will not seek a second term as Governor when his seven-year term expires on June 2, 2020. Content Type(s): Press, Press releases
What Do Survey Data Tell Us About US Businesses? Staff Working Paper 2019-45 Anmol Bhandari, Serdar Birinci, Ellen McGrattan, Kurt See This paper examines the reliability of survey data on business incomes, valuations, and rates of return, which are key inputs for studies of wealth inequality and entrepreneurial choice. Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Firm dynamics JEL Code(s): C, C8, C83, E, E2, E22, H, H2, H25