Posts

• September 13, 2006

  Weathering Economic Shocks: The Importance of Flexibility

  Remarks Paul Jenkins Vancouver Board of Trade Vancouver, British Columbia

  First, I should explain what I mean by flexibility. As most of you are surely aware, the Bank of Canada has been openly discussing the importance of promoting policies that support economic efficiency, including financial system efficiency. Efficiency refers to the allocation of scarce economic resources to the most productive uses, in a cost-effective way.

  Content Type(s): Press, Speeches and appearances, Remarks
• September 8, 2006

  Dynamic Models Useful for Policy Making

  Conference held on 8 and 9 September 2006 (papers in unedited, electronic format only)

  Content Type(s): Conferences and workshops
• September 7, 2006

  Net Position Reports - Formal Recommendation from the Bank of Canada

  The Bank of Canada announced today that it has sent the following letter to the Investment Dealers Association of Canada.

  Content Type(s): Press, Market notices
• September 6, 2006

  Bank of Canada keeps target for the overnight rate at 4 1/4 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is maintaining its target for the overnight rate at 4 1/4 per cent.

  Content Type(s): Press, Press releases

• Survey of Price-Setting Behaviour of Canadian Companies

  Staff Working Paper 2006-35 David Amirault, Carolyn Kwan, Gordon Wilkinson

  In many mainstream macroeconomic models, sticky prices play an important role in explaining the effects of monetary policy on the economy.

  Content Type(s): Staff research, Staff working papers Topic(s): Inflation and prices, Monetary policy transmission JEL Code(s): D, D4, D40, E, E3, E30, L, L1, L11

• The Macroeconomic Effects of Non-Zero Trend Inflation

  Staff Working Paper 2006-34 Robert Amano, Steve Ambler, Nooman Rebei

  The authors study the macroeconomic effects of non-zero trend inflation in a simple dynamic stochastic general-equilibrium model with sticky prices.

  Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Economic models, Inflation and prices, Inflation targets JEL Code(s): E, E2, E24, E3, E32

• Are Canadian Banks Efficient? A Canada–U.S. Comparison

  Staff Working Paper 2006-33 Jason Allen, Walter Engert, Ying Liu

  The authors compare the efficiency of Canada's largest banks with U.S. commercial banks over the past 20 years. Efficiency is measured in three ways.

  Content Type(s): Staff research, Staff working papers Topic(s): Financial institutions JEL Code(s): C, C3, C33, D, D2, D24, G, G2, G21

• Governance and the IMF: Does the Fund Follow Corporate Best Practice?

  Staff Working Paper 2006-32 Eric Santor

  The governance challenges facing the International Monetary Fund (IMF) are not simply limited to representation and voice, and the associated question of quota allocation.

  Content Type(s): Staff research, Staff working papers Topic(s): International topics JEL Code(s): F, F3

• Assessing and Valuing the Non-Linear Structure of Hedge Fund Returns

  Staff Working Paper 2006-31 Antonio Diez de los Rios, René Garcia

  Several studies have put forward the non-linear structure and option-like features of returns associated with hedge fund strategies.

  Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods, Financial institutions JEL Code(s): C, C1, C5, G, G1