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9152 Results

April 24, 2014

Economic Adjustments Will Bring Benefits to All, Says Bank of Canada Governor Stephen S. Poloz

Some Canadian sectors and regions are hot and some are not, but all will ultimately reap the benefits of the country’s rich resource endowment, even as some difficult adjustments take place, Bank of Canada Governor Stephen S. Poloz said today in Saskatoon. Canada has been adjusting to two major economic shocks in recent years, Governor […]
Content Type(s): Press, Press releases
April 24, 2014

Saskatchewan Trade and Export Partnership (STEP) - Speech (Video)

Canada’s Hot - And Not - Economy - Stephen S. Poloz, the Governor of the Bank of Canada, speaks before the Saskatchewan Trade and Export Partnership (14:30 (ET) approx.)

April 24, 2014

Saskatchewan Trade and Export Partnership (STEP) - Speech and Press Conference (Audio)

Canada’s Hot - And Not - Economy - Stephen S. Poloz, the Governor of the Bank of Canada, speaks before the Saskatchewan Trade and Export Partnership (14:30 (ET) approx.) and Press conference (16:00 (ET) approx.)

Bond Risk Premia and Gaussian Term Structure Models

Staff Working Paper 2014-13 Bruno Feunou, Jean-Sébastien Fontaine
Cochrane and Piazzesi (2005) show that (i) lagged forward rates improve the predictability of annual bond returns, adding to current forward rates, and that (ii) a Markovian model for monthly forward rates cannot generate the pattern of predictability in annual returns.
Content Type(s): Staff research, Staff working papers Topic(s): Asset pricing, Interest rates JEL Code(s): E, E4, E43, E47, G, G1, G12
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