September 22, 2009 Reflecting the continued improvement in market conditions, the Bank of Canada announces changes to its Temporary Liquidity Facilities Reflecting the improved conditions in funding markets, as evidenced by lower market-based funding costs and the lack of coverage in recent auctions for temporary liquidity facilities, the Bank of Canada is announcing that the following facilities will expire at the end of October 2009. Content Type(s): Press, Market notices
September 22, 2009 Results of the 22 September 2009 Term PRA Transaction for Private Sector Instruments The results of today's term PRA operations are as follows. Content Type(s): Press, Market notices
September 21, 2009 Results of the 21 September 2009 Term PRA Transaction The results of today's term PRA operations are as follows. Content Type(s): Press, Market notices
September 18, 2009 Bank of Canada Announces Details of its Term PRA for Private Sector Instruments Operation In accordance with the schedule of term purchase and resale agreement (PRA) auctions for private sector instruments announced on 21 July (see schedule), the Bank of Canada announced today that it will conduct a term PRA operation for private sector instruments as follows. Content Type(s): Press, Market notices
September 18, 2009 Bank of Canada Announces Details of its Term Loan Facility Operation In accordance with the schedule of Term Loan Facility (TLF) auctions announced on 21 July (see schedule), the Bank of Canada announced today that it will conduct a TLF operation as follows. Content Type(s): Press, Market notices
September 18, 2009 Bank of Canada Announces Details of its Term PRA Operation In accordance with the schedule of term purchase and resale agreement (PRA) auctions announced on 21 July (see schedule), the Bank of Canada announced today that it will conduct a term PRA operation as follows. Content Type(s): Press, Market notices
September 16, 2009 Results for the 16 September 2009 Term Loan Facility The results of today's TLF operation are as follows. Content Type(s): Press, Market notices
September 15, 2009 Canada and the Economic Crisis: Our Performance and Near‐Term Prospects Presentation John Murray 80th International Business Cycle Conference of the Kiel Institute Berlin, Germany Content Type(s): Press, Speeches and appearances, Presentations
Credit Constraints and Consumer Spending Staff Working Paper 2009-25 Kimberly Beaton This paper examines the relationship between aggregate consumer spending and credit availability in the United States. The author finds that consumer spending falls (rises) in response to a reduction (increase) in credit availability. Content Type(s): Staff research, Staff working papers Topic(s): Credit and credit aggregates, Domestic demand and components, Recent economic and financial developments JEL Code(s): E, E2, E21, E27, E4, E44, E5, E51, E58
Resurrecting the Role of Real Money Balance Effects Staff Working Paper 2009-24 José Dorich I present a structural econometric analysis supporting the hypothesis that money is still relevant for shaping inflation and output dynamics in the United States. In particular, I find that real money balance effects are quantitatively important, although smaller than they used to be in the early postwar period. Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Monetary aggregates, Monetary policy transmission JEL Code(s): E, E3, E31, E32, E5, E52