December 15, 2016
Regional economic developments
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Supervising Financial Regulators
How much discretion should local financial regulators in a banking union have in accommodating local credit demand? I analyze this question in an economy where local regulators privately observe expected output from high lending. They do not fully internalize default costs from high lending since deposit insurance cannot be priced fairly. -
October 6, 2016
Economic Trends and Monetary Policy
Senior Deputy Governor Carolyn Wilkins talks about the major trends of the Canadian economy and how they affect monetary policy. -
July 13, 2016
Monetary Policy Report Press Conference Opening Statement
Senior Deputy Governor Carolyn Wilkins discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR. -
June 15, 2016
The Canadian Economy: A Progress Report
Governor Stephen S. Poloz talks about the outlook for Canada’s economy and the adjustment to lower resource prices. -
March 30, 2016
Adjusting to the Fall in Commodity Prices: One Step at a Time
Deputy Governor Lynn Patterson discusses how the Canadian economy is adjusting to the fall in commodity prices. -
Canadian Labour Market Dispersion: Mind the (Shrinking) Gap
Shocks to a currency area can and often do have asymmetric impacts on its regions that, in the absence of perfect labour mobility, lead to gaps in relative labour market performance. Witness, for example, the effects of the 2008/09 recession and subsequent financial crisis in Europe on the dispersion of employment rates across the euro area – and to a lesser extent the United States. -
New Housing Registrations as a Leading Indicator of the BC Economy
Housing starts and building permits data are commonly used as leading indicators of economic activity. In British Columbia, all new homes must be registered with the Homeowner Protection Office, a branch of BC Housing, before the issuance of building permits and the start of construction. -
January 20, 2016
Monetary Policy Report Press Conference Opening Statement
Governor Stephen S. Poloz discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR.