Canada
Canada paper on monetary policy committees
The Bank of Canada Working Paper "Monetary policy committees in action: Is there room for improvement?" reviews economic, experimental, sociological and psychological studies to identify criteria for the optimal institutional setting of a central bank…
Canada's Longworth on promoting stability
In the speech 'Promoting stability, confidence and well-being' given on 6 February David Longworth of the Bank of Canada said Canada's financial system was well placed to withstand shocks like an abrupt slowdown in the United States.
Canada's Dodge on the financial system
In a speech given on 1 February David Dodge of the Bank of Canada called the federal government's decision to halt a significant tax loophole offered to income trusts the best way to level the corporate playing field.
Canada's Dodge to talk over second term in June
Bank of Canada governor David Dodge has said governing Canada's central bank is "still fun," and that he will speak with the board in June about whether or not to seek a second term as governor.
Canada's Dodge on monetary policy & global economy
In the speech 'Monetary policy and developments in the global and Canadian economies' given on 25 January David Dodge of the Bank of Canada said prospects for the Canadian economy are solid for 2007 after sluggishness in the last half of 2006.
Bank of Canada Monetary Policy Report Update
The Bank of Canada released its January 2007 Monetary Policy Report Update on Thursday 18 January. Canada's economy will pick up this year and next, while global growth slows, according to the report.
Bank of Canada, Business Outlook Survey, Winter 07
The Bank of Canada published its Winter 2007 Business Outlook Survey on 8 January, on balance, businesses expect their sales over the next 12 months to increase at a rate slightly above that posted during the preceding 12 months.
Canadian dollar fall 'unsurprising': Dodge
Bank of Canada governor David Dodge said the decline in the Canadian dollar reflects ``fundamentals,'' and isn't ``surprising'' in light of slowing economic growth and a decline in crude oil prices.
Bank of Canada Review, Autumn 2006
The Bank of Canada published its Review for Autumn 2006 on 13 December. The Review includes the article 'MUSE: The Bank of Canada's New Projection Model of the U.S. Economy'.
Canada's Dodge on financial system efficiency
In the speech 'Improving financial system efficiency: The need for action' given on 11 December David Dodge of the Bank of Canada said Canada's macroeconomic policies are second to none in supporting financial system efficiency, but work is needed to…
Bank of Canada Financial System Review, Dec 2006
The Bank of Canada has published its semi-annual December 2006 Financial System Review on 7 December. The global economic outlook continues to be favourable, according to the Report.
Canada to research inflation target
Although the Bank of Canada's inflation target will remain at 2% for the next five years, the central bank has announced a major research project on the benefits of lowering the target.
Canada maintains inflation target for next 5 years
The Bank of Canada renewed its inflation target of 2%, measured as the change in the core consumer price index, with a symmetrical band of 1% either side, for the next five years.
Democrats may oppose Bernanke's inflation target
According to this article published Thursday 9 November by Bloomberg, it may become harder for Federal Reserve chairman Ben Bernanke to establish an inflation target now that Democrats have control of the U.S. Congress.
Longworth on the Canadian economy
In the speech 'The Canadian economy and financial markets in perspective' given on 8 November David Longworth of the Bank of Canada said that hedge funds had a largely positive impact on the efficiency of financial markets.
Canada's Dodge on prospering in the global economy
In the speech 'Prospering in today's global economy: Challenges for open economies such as Australia and Canada' given on 6 November David Dodge of the Bank of Canada said the IMF should be able to bluntly tell governments when their policies hurt other…
Canada's banknotes getting mangled in old machines
A document quoted by the Canadian Press on Monday 6 November says that the Bank of Canada's currency counting machines need replacing to stop tatty bills getting stuck in the machines.
Canada's Dodge on the global economic landscape
In the speech 'The global economic landscape and the implications for Ontario' given on 25 October David Dodge of the Bank of Canada said global economic growth is expected to be a little higher than previously anticipated, but a weaker near-term outlook…
Bank of Canada Monetary Policy Report, Oct 2006
The Bank of Canada released its October 2006 Monetary Policy Report on 19 October. The latest report says the Canadian economy is judged to be operating just above its production capacity.
Canadian inflation targets need debate
Canadians need to debate the Bank of Canada's inflation-targeting program, according to an e-brief released Tuesday 17 October by the C.D. Howe Institute, if they wish to set the stage for future improvements.
Bank of Canada, Business Outlook Survey, Autumn 06
The Bank of Canada published its Autumn 2006 Business Outlook Survey on 6 October, saying that overall, businesses continue to be positive about the economic outlook.
Canada paper: macroeconomic effects of inflation
In the Bank of Canada Working Paper "The macroeconomic effects of non-zero trend inflation" the authors study the macroeconomic effects of non-zero trend inflation in a simple dynamic stochastic general-equilibrium model with sticky prices.
RBNZ paper on open economy inflation targeters
The Reserve Bank of New Zealand Discussion Paper "What do robust policies look like for open economy inflation targeters?" examines the role of the open economy in determining robust rules when the central bank fears various model misspecification errors.
Dodge adviser says statements can be mis-read
An advisor to Bank of Canada governor David Dodge said on Wednesday 20 September that investors sometimes read too much into the statements announcing central bank interest-rate decisions, and may look for clues that aren't there.