Posts

• July 24, 2003

  Bank of Canada releases 2004 schedule of dates for its policy interest rate announcements

  Media Relations Ottawa, Ontario

  The Bank of Canada today released its 2004 schedule of eight dates for announcing decisions on its key policy interest rate, and confirmed the announcement dates for the remainder of this year.

  Content Type(s): Press, Press releases
• July 17, 2003

  Bank of Canada releases Monetary Policy Report Update

  Media Relations Ottawa, Ontario

  The Bank of Canada today released its Update to the April Monetary Policy Report.

  Content Type(s): Press, Press releases
• July 17, 2003

  Monetary Policy Report Update – July 2003

  Since the April Monetary Policy Report, there have been a number of unanticipated developments that have changed the outlook for inflation and economic activity in Canada.

  Content Type(s): Publications, Monetary Policy Report
• July 17, 2003

  Release of the Monetary Policy Report Update

  Opening statement David Dodge

  Today, we released our Update to the April Monetary Policy Report. The Update reviews economic and financial trends in the context of Canada's inflation-control strategy.

  Content Type(s): Press, Speeches and appearances, Opening statements
• July 15, 2003

  Bank of Canada lowers target for the overnight rate by 1/4 percentage point to 3 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 3 per cent.

  Content Type(s): Press, Press releases
• July 10, 2003

  Dynamic Models Useful for Policy

  2003 Conference held on 10 and 11 July 2003 (papers in unedited, electronic format only)

  Content Type(s): Conferences and workshops

• Dynamic Factor Analysis for Measuring Money

  Staff Working Paper 2003-21 Paul Gilbert, Lise Pichette

  Technological innovations in the financial industry pose major problems for the measurement of monetary aggregates. The authors describe work on a new measure of money that has a more satisfactory means of identifying and removing the effects of financial innovations.

  Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods, Monetary aggregates, Monetary and financial indicators JEL Code(s): C, C4, C43, C8, C82, E, E5, E51

• The U.S. Stock Market and Fundamentals: A Historical Decomposition

  Staff Working Paper 2003-20 David Dupuis, David Tessier

  The authors identify the fundamentals behind the dynamics of the U.S. stock market over the past 30 years. They specify a structural vector-error-correction model following the methodology of King, Plosser, Stock, and Watson (1991).

  Content Type(s): Staff research, Staff working papers Topic(s): Financial markets JEL Code(s): G, G1

• A Small Dynamic Hybrid Model for the Euro Area

  Staff Working Paper 2003-19 Ramdane Djoudad, Céline Gauthier

  The authors estimate and solve a small structural model for the euro area over the 1983–2000 period. Given the assumption of rational expectations, the model implies a set of orthogonality conditions that provide the basis for estimating the model's parameter by generalized method of moments.

  Content Type(s): Staff research, Staff working papers Topic(s): Monetary policy transmission JEL Code(s): E, E3, E31

• Technological Change and the Education Premium in Canada: Sectoral Evidence

  Staff Working Paper 2003-18 Jean Farès, Terence Yuen

  It has been well documented that the education premium measured by the wage difference between university and high school graduates has remained constant over the past two decades in Canada. Despite this stable pattern at the aggregate level, skill-biased technology could have important implications for the inter-industry wage structure.

  Content Type(s): Staff research, Staff working papers Topic(s): Labour markets JEL Code(s): J, J3, J31, O, O3, O30