August 27, 2024
Staff research, Publications
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August 22, 2024
Quarterly Financial Report - Second Quarter 2024
Quarterly Financial Report - Second Quarter 2024 - For the period ended June 30, 2024, unaudited -
Price Discounts and Cheapflation During the Post-Pandemic Inflation Surge
We study how price variation within a store changes with inflation, and whether households exploit these changes to reduce the burden of inflation. We find that price changes from discounts mitigated the inflation burden while cheapflation exacerbated it. -
Decision Synthesis in Monetary Policy
We use Bayesian predictive decision synthesis to formalize monetary policy decision-making. We develop a case-study of monetary policy decision-making of an inflation-targeting central bank using multiple models in a manner that considers decision goals, expectations and outcomes. -
CORRA: Explaining the rise in volumes and resulting upward pressure
On May 27, 2024, the settlement period for trading GoC bonds in the secondary market in Canada moved from two days to one. This shortened time for settling secondary cash bond trades caused CORRA volumes to rise significantly, and they have remained elevated since. This combined with the skew in demand for funding has pressured CORRA higher. We find no indications that any other factors are contributing to the most recent pressures on CORRA. -
August 7, 2024
Summary of Governing Council deliberations: Fixed announcement date of July 24, 2024
This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on July 24, 2024. -
August 2, 2024
Market Participants Survey—Second Quarter of 2024
The Market Participants Survey results are based on questionnaire responses from about 30 financial market participants.