March 10, 2004 Adjusting to Global Economic Change Remarks David Dodge Brazil-Canada Chamber of Commerce São Paulo, Brazil Today, I want to focus my remarks on Canada's adjustment to changes in the global economy. I will talk about our efforts to adjust to longer-term economic forces and about the challenges that these forces present. Some of our experiences may be relevant to other economies that are making similar adjustments in the face of similar economic circumstances. Content Type(s): Press, Speeches and appearances, Remarks
March 4, 2004 Bank of Canada Announces Research Fellowship Award for 2004 Media Relations Ottawa, Ontario The Bank of Canada today announced that Professor René Garcia, of the Université de Montréal, is the recipient of the Bank's Fellowship award for research for 2004. Content Type(s): Press, Press releases Source(s): Fellowship Program
March 3, 2004 Bank of Canada Announces Law Enforcement Award of Excellence for Counterfeiting Deterrence Media Relations Ottawa, Ontario The Bank of Canada today announced the creation of a Law Enforcement Award of Excellence that will be presented annually to a police officer who demonstrates outstanding commitment and initiative in the fight against bank note counterfeiting. Content Type(s): Press, Press releases
March 2, 2004 Bank of Canada lowers target for the overnight rate by 1/4 percentage point to 2 1/4 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 1/4 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 2 1/2 per cent. Content Type(s): Press, Press releases
Public Venture Capital and Entrepreneurship Staff Working Paper 2004-10 Oana Secrieru, Marianne Vigneault Entrepreneurship is a key factor in promoting growth in output and employment. Consequently, to encourage new start-ups, most governments in developed countries have public venture capital programs. Content Type(s): Staff research, Staff working papers Topic(s): Financial markets, Fiscal policy, Labour markets JEL Code(s): D, D2, G, G2, G24, G28, J, J2, J24, M, M1, M13
Estimating Policy-Neutral Interest Rates for Canada Using a Dynamic Stochastic General-Equilibrium Framework Staff Working Paper 2004-9 Jean-Paul Lam, Greg Tkacz In an era when the primary policy instrument is the level of the short-term interest rate, a comparison of that rate with some equilibrium rate can be a useful guide for policy and a convenient method to measure the stance of monetary policy. Content Type(s): Staff research, Staff working papers Topic(s): Interest rates JEL Code(s): C, C3, C32, E, E3, E37
The Economic Theory of Retail Pricing: A Survey Staff Working Paper 2004-8 Oana Secrieru The types of contracts that arise in a typical vertical manufacturer–retailer relationship are more sophisticated than usually assumed in standard macroeconomic models. Content Type(s): Staff research, Staff working papers Topic(s): Market structure and pricing JEL Code(s): D, D4, D40, L, L2, L22, L4, L42
The Demand for Money in a Stochastic Environment Staff Working Paper 2004-7 Joseph Atta-Mensah The author re-examines the demand-for-money theory in an intertemporal optimization model. The demand for real money balances is derived to be a function of real income and the rates of return of all financial assets traded in the economy. Content Type(s): Staff research, Staff working papers Topic(s): Monetary aggregates JEL Code(s): E, E4, E41, E5, E50, G, G1, G11
February 17, 2004 Good Policies Speed up Economic Adjustment, Says Governor Dodge Media Relations Mexico City, Mexico The right set of macroeconomic policies helps countries to adjust to changing economic circumstances, David Dodge, Governor of the Bank of Canada, told a business audience today in Mexico City. Content Type(s): Press, Press releases
February 17, 2004 Policies for Changing Times Remarks David Dodge Mexican Business Coordinating Council Mexico City, Mexico We both share borders with the United States, the most important export market for each of us. Both Canada and Mexico have recently faced setbacks in cross-border trade with the United States. These stem not only from weaker U.S. domestic demand, but also from specific trade problems and from border-crossing delays associated with tighter security. Content Type(s): Press, Speeches and appearances, Remarks