Canada
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.
Canada's Jenkins on weathering economic shocks
In the speech 'Weathering economic shocks: The importance of flexibility' given on 13 September Paul Jenkins of the Bank of Canada issued a warning to federal and provincial governments that they should not use their windfalls to take actions that would…
Paper on governance and the IMF
The Bank of Canada Working Paper "Governance and the IMF: Does the Fund Follow Corporate Best Practice?" identifies governance issues facing the International Monetary Fund that have remained largely ignored by the literature and policy-makers alike.
Bank of Canada Review, Summer 2006
The Bank of Canada published its Review for Summer 2006 on 17 August. The Review includes the article 'Credibility with flexibility: The evolution of inflation-targeting regimes, 1990-2006'.
Duguay on Canada's response to global changes
Canada has responded well to a dramatic change in its terms of trade, according to Pierre Duguay, a deputy governor of the Bank of Canada.
Canada cancels plan for C$200 banknote
The Bank of Canada has withdrawn a proposal to print a C$200 bill after a survey concluded that there is a significant current of opposition from retailers to its introduction.
StatsCan miscount adds up to doubts
Following the revelation that Statistics Canada has miscalculated inflation numbers, this article from The Canadian Press, published Thursday 17 August, says experts are now questioning another of the agency's reports.
Paper on term structure models and exchange rates
The Bank of Canada Working Paper "Can affine term structure models help us predict exchange rates?" proposes an arbitrage-free model of the joint behaviour of interest and exchange rates.
Dodge on policies for today's global economy
In the speech 'The right policies for today's global economy' given on 19 July David Dodge of the Bank of Canada said the IMF must adjust its quota system with ``urgency'' to give China and other countries more say and help resolve global imbalances.
Bank of Canada Monetary Policy Report Update
The Bank of Canada released its July 2006 Monetary Policy Report Update on Thursday 13 July. Growth in the first half of 2006 appears to have been a little stronger than projected, according to the report.
Bank of Canada keeps rates unchanged
The Bank of Canada left interest rates unchanged at 4.25% on Tuesday 11 July and repeated a May statement that the seven prior increases are enough to return inflation to its 2 percent goal.
Jenkins on what monetary policy can & can't do
In the speech 'What monetary policy can and cannot do' given on 29 June Paul Jenkins of the Bank of Canada said the Bank of Canada's economic projections from its April monetary policy report are still reasonable despite a recent string of strong…
Bank of Canada, Business Outlook Survey, Summer 06
The Bank of Canada published its Summer 2006 Business Outlook Survey on 30 June, saying businesses continue to be positive about the economic outlook.
Bank of Canada appoints Special Adviser
The Bank of Canada announced Wednesday 28 June the appointment of Professor Steve Ambler to the position of Special Adviser for the year 2006-07. The Special Adviser position was created to bring additional perspectives to monetary policy discussions.
The IMF's balance-sheet and credit risk
The authors of this Bank of Canada Working Paper examine the characteristics of International Monetary Fund (IMF) lending from the 1960s to 2005. They find that there has been an increase in portfolio concentration and that lending terms have effectively…
ECB's Trichet on economic and monetary issues
In the testimony given on 21 June Jean-Claude Trichet of the ECB said the insight that price stability is the primary goal for monetary policy has also been translated into the mandates of central banks of advanced economies and also of a very large…
Canada's Dodge on global economic forces
In the speech 'Global economic forces and the need for adjustment' given on 21 June David Dodge of the Bank of Canada said powerful developments and trends in the global economy mean that Canadian businesses need to make adjustments.
Bank of Canada Financial System Review, June 2006
The Bank of Canada has published its semi-annual June 2006 Financial System Review on 15 June. The likelihood that a shock would have a significant adverse impact on the Canadian financial system remains small, according to the Report.
Macklem on floating dollar, anchored inflation
In the speech 'Floating Dollar, Anchored Inflation: The Role of the Exchange Rate in Canada's Monetary Policy Framework' given on 8 June Tiff Macklem of the Bank of Canada said the Canadian dollar's rapid recent appreciation reflects strong demand for…
Dodge on the Canadian economy
In a speech given on 30 May David Dodge of the Bank of Canada said the past few years have seen extraordinarily strong global economic growth.