May 25, 2005 Bank of Canada keeps target for the overnight rate at 2 1/2 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is maintaining its target for the overnight rate at 2 1/2 per cent. Content Type(s): Press, Press releases
May 19, 2005 Bank of Canada announces the publication of the first issue of the International Journal of Central Banking Media Relations The Bank of Canada, along with the other sponsoring organizations1 of the International Journal of Central Banking (IJCB), today announced the publication of the journal's first issue and the launch of a website, hosted by the Bank for International Settlements. Content Type(s): Press, Press releases
May 18, 2005 Bank of Canada Issues Upgraded $10 Bank Note Media Relations Ottawa, Ontario The Bank of Canada today put into circulation an upgraded $10 bank note with enhanced security features. The design, colour, and theme (Remembrance and Peacekeeping) of the upgraded $10 note are the same as those of the previously issued $10 note from the Canadian Journey series. Content Type(s): Press, Press releases
May 17, 2005 Bank of Canada announces reallocation of Deputy Governor responsibilities Media Relations Ottawa, Ontario Bank of Canada Governor David Dodge and Senior Deputy Governor Paul Jenkins today announced a reallocation of responsibilities among several Deputy Governors. Content Type(s): Press, Press releases
May 17, 2005 Bank of Canada announces senior management appointments Media Relations Ottawa, Ontario Bank of Canada Governor David Dodge and Senior Deputy Governor Paul Jenkins, on behalf of the Board of Directors, today announced a number of new appointments to the senior management team. Content Type(s): Press, Press releases
May 6, 2005 Governor Dodge Discusses How Canada Is Adjusting to Global Economic Forces Media Relations Ottawa, Ontario Bank of Canada Governor David Dodge said today that Canada's economy is adjusting to powerful forces at work in the global economy, including the emergence of China and India as economic powerhouses, large and growing current account imbalances in the United States and Asia, rising commodity prices, and movements in exchange rates, including Canada's dollar. Content Type(s): Press, Press releases
May 6, 2005 The Canadian Economy: Adjusting to Global Economic Forces Remarks David Dodge Ottawa Chamber of Commerce Ottawa, Ontario The year 2005 marks the 150th anniversary of the establishment of Ottawa as a city. On 1 January 1855, the logging community of Bytown was formally incorporated as a city and adopted Ottawa as its new name. Content Type(s): Press, Speeches and appearances, Remarks
Learning-by-Doing or Habit Formation? Staff Working Paper 2005-15 Hafedh Bouakez, Takashi Kano In a recent paper, Chang, Gomes, and Schorfheide (2002) extend the standard real business cycle (RBC) model to allow for a learning-by-doing (LBD) mechanism whereby current labour supply affects future productivity. Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Econometric and statistical methods, Economic models, Labour markets JEL Code(s): C, C5, C52, E, E3, E32, J, J2, J22
Labour Market Adjustments to Exchange Rate Fluctuations: Evidence from Canadian Manufacturing Industries Staff Working Paper 2005-14 Danny Leung, Terence Yuen The authors provide some of the first empirical evidence on labour market adjustments to exchange rate movements in Canadian manufacturing industries. Content Type(s): Staff research, Staff working papers Topic(s): Exchange rates, Labour markets JEL Code(s): E, E2, E23, F, F4
Efficiency and Economies of Scale of Large Canadian Banks Staff Working Paper 2005-13 Jason Allen, Ying Liu The authors measure the economies of scale of Canada's six largest banks and their costefficiency over time. Using a unique panel data set from 1983 to 2003, they estimate pooled translog cost functions and derive measures of relative efficiency and economies of scale. Content Type(s): Staff research, Staff working papers Topic(s): Financial institutions JEL Code(s): C, C3, C33, D, D2, D24, G, G2, G21