April 15, 2004 Bank of Canada releases Monetary Policy Report Media Relations Ottawa, Ontario The Bank of Canada today released its April Monetary Policy Report, which reviews economic and financial trends in the context of Canada's inflation-control strategy. Content Type(s): Press, Press releases
April 15, 2004 Release of the Monetary Policy Report Opening statement David Dodge The Canadian economy continues to adjust to developments in the global economy, such as stronger world demand, higher commodity prices, and the realignment of world currencies, including the Canadian dollar. Content Type(s): Press, Speeches and appearances, Opening statements
April 13, 2004 Bank of Canada lowers target for the overnight rate by 1/4 percentage point to 2 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of one percentage point to 2 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 2 1/4 per cent. Content Type(s): Press, Press releases
The Bank of Canada's Business Outlook Survey: An Assessment Staff Working Paper 2004-15 Monica Martin, Cristiano Papile Since the autumn of 1997, the Bank of Canada's regional offices (located in Halifax, Montréal, Toronto, Calgary, and Vancouver) have conducted consultations with businesses across Canada on a quarterly basis. These consultations are now referred to as the Business Outlook Survey (BOS). Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Domestic demand and components JEL Code(s): E, E3, E32, E6, E66
National Saving–Investment Dynamics and International Capital Mobility Staff Working Paper 2004-14 Florian Pelgrin, Sebastian Schich The authors analyze the dynamics of national saving–investment relationships to determine the degree of international capital mobility. Content Type(s): Staff research, Staff working papers Topic(s): International topics JEL Code(s): C, C2, C23, F, F3, F31
Contraintes de liquidité et capital humain dans une petite économie ouverte Staff Working Paper 2004-13 Florian Pelgrin In an overlapping-generations model that represents a small open economy, where agents live two periods, liquidity constraints lead to low economic development when the only accumulable factor is human capital. Content Type(s): Staff research, Staff working papers Topic(s): Economic models JEL Code(s): I, I2, I20, O, O4, O40
Durées d'utilisation des facteurs et fonction de production : une estimation par la méthode des moments généralisés en système Staff Working Paper 2004-12 Eric Heyer, Florian Pelgrin, Arnaud Sylvain Although a number of studies have demonstrated the importance of the degree of factor utilization in economic analysis, the impact of the durations of utilization in a production function remains largely unknown, particularly in terms of the duration of equipment utilization. Content Type(s): Staff research, Staff working papers Topic(s): Economic models JEL Code(s): C, C3, C33, D, D2, D24, J, J2, J23
Estimating New Keynesian Phillips Curves Using Exact Methods Staff Working Paper 2004-11 Lynda Khalaf, Maral Kichian The authors use simple new finite-sample methods to test the empirical relevance of the New Keynesian Phillips curve (NKPC) equation. Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods, Inflation and prices JEL Code(s): C, C1, C13, C5, C52, E, E3, E31
March 30, 2004 Debt Strategy Consultations 2004/05 - Summary of Comments In January 2004, officials from the Department of Finance and the Bank of Canada consulted with market participants on issues related to the government's domestic debt program. To allow for comments from a broader range of participants, the Debt Strategy 2004/05 Consultation Document had been made available in December 2003. Content Type(s): Press, Market notices
March 30, 2004 Debt Strategy 2004/05 Consultations: Summary of Comments In January 2004, officials from the Department of Finance and the Bank of Canada sought views from Government Securities Distributors and institutional investors on a number of issues related to the design and operation of the domestic debt program.