Monetary policy and uncertainty
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March 13, 2018
Today’s Labour Market and the Future of Work
Governor Stephen S. Poloz discusses the untapped potential in Canada’s labour market and how it extends into the workforce of tomorrow. -
November 15, 2017
Embracing Uncertainty in the Conduct of Monetary Policy
Senior Deputy Governor Carolyn A. Wilkins explains how uncertainty is factored into monetary policy decisions. -
Communicating Uncertainty in Monetary Policy
While central banks cannot provide complete foresight with respect to their future policy actions, it is in the interests of both central banks and market participants that central banks be transparent about their reaction functions and how they may evolve in response to economic developments, shocks, and risks to their outlooks. -
Monetary Policy Under Uncertainty: Practice Versus Theory
For central banks, conducting policy in an environment of uncertainty is a daily fact of life. This uncertainty can take many forms, ranging from incomplete knowledge of the correct economic model and data to future economic and geopolitical events whose precise magnitudes and effects cannot be known with certainty. -
September 27, 2017
The Meaning of “Data Dependence”: An Economic Progress Report
Governor Stephen S. Poloz discusses how unknowns in Canada’s inflation outlook have made the Bank’s monetary policy particularly data dependent. -
May 11, 2017
Why Is Global Business Investment So Weak? Some Insights from Advanced Economies
Various drivers of business investment can be used to explain the underwhelming performance of investment in advanced economies since the global financial crisis, particularly since 2014. The slow growth in aggregate demand cannot by itself explain the full extent of the recent weakness in investment, which appears to be linked primarily to the collapse of global commodity prices and a rise in economic uncertainty. Looking ahead, business investment growth is likely to remain slower than in the pre-crisis period, largely because of structural factors such as population aging. -
May 4, 2017
Canada and Mexico: Common Issues in Uncommon Times
Governor Stephen S. Poloz discusses how shared economic traits leave Canada and Mexico well placed to face global challenges. -
April 12, 2017
Monetary Policy Report Press Conference Opening Statement
Senior Deputy Governor Carolyn A. Wilkins discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR. -
March 21, 2017
Getting Down to Business: Investment and the Economic Outlook
Deputy Governor Lawrence Schembri discusses the factors affecting business investment and the implications for the economic outlook.