Bank Loans for Private and Public Firms in a Credit Crunch Staff Working Paper 2011-13 Jason Allen, Teodora Paligorova Banks reliance on short-term funding has increased over time. While an effective source of financing in good times, the 2007 financial crisis has exposed the vulnerability of banks and ultimately firms to such a liability structure. Content Type(s): Staff research, Staff working papers Topic(s): Financial institutions JEL Code(s): G, G0, G01, G2, G20
May 16, 2011 Canada in a Multi-Polar World Remarks Mark Carney Canadian Club of Ottawa Ottawa, Ontario Governor Mark Carney discusses the forces that are transforming the global economic landscape and their implications for the Canadian economy. Content Type(s): Press, Speeches and appearances, Remarks
May 16, 2011 Canada Is Adjusting to Global Economic Transformation, Says Bank of Canada Governor Mark Carney Media Relations Ottawa, Ontario While Canada’s economy remains relatively well positioned, it is being buffeted by a significant transformation of the global economy, which is driven by a combination of secular trends and cyclical forces, Bank of Canada Governor Mark Carney said. Content Type(s): Press, Press releases
The Canadian Debt-Strategy Model: An Overview of the Principal Elements Staff Discussion Paper 2011-3 David Bolder, Simon Deeley The Canadian Debt Strategy Model helps debt managers determine their optimal financing strategy. The model’s code and documentation are available to the public. Content Type(s): Staff research, Staff discussion papers Topic(s): Debt management, Econometric and statistical methods, Financial markets, Fiscal policy JEL Code(s): C, C0, G, G1, G11, G17, H, H6, H63
May 9, 2011 External Review of Economic Research Activities at the Bank of Canada and its Response The review was conducted by an external committee of eminent academic and practising research economists. The committee was asked to gauge the quality of the Bank's research and to make recommendations for improving the Bank's research environment.
May 6, 2011 Monetary Policy and Resource Mobility Presentation Mark Carney Bank of Finland’s 200th Anniversary Conference Helsinki , Finland Mark Carney, Governor of the Bank of Canada, comments on “Monetary Policy and Resource Mobility,” a paper by Carl E. Walsh Content Type(s): Press, Speeches and appearances, Presentations
The Behaviour of Consumer Prices Across Provinces Staff Discussion Paper 2011-2 Gordon Wilkinson Measures of core inflation enable a central bank to distinguish price movements that are transitory and generated by non-monetary events from those that are more permanent and related to prior monetary policy decisions. Content Type(s): Staff research, Staff discussion papers Topic(s): Inflation and prices JEL Code(s): E, E3, E31
Financial Factors and Labour Market Fluctuations Staff Working Paper 2011-12 Yahong Zhang What are the effects of financial market imperfections on unemployment and vacancies? Since standard DSGE models do not typically model unemployment, they abstract from this issue. Content Type(s): Staff research, Staff working papers Topic(s): Economic models, Financial markets, Labour markets JEL Code(s): E, E3, E32, E4, E44, J, J6
April 13, 2011 Release of the Monetary Policy Report Opening statement Mark Carney Ottawa, Ontario As anticipated in January, the global economic recovery is becoming more firmly entrenched and is expected to continue at a steady pace. In the United States, growth is solidifying, although consolidation of household and ultimately government balance sheets will limit the pace of the expansion. Content Type(s): Press, Speeches and appearances, Opening statements