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Bank of Canada communication and the predictability of Canadian monetary policy
Hayo, Bernd; Neuenkirch, Matthias - 2009
We explain changes in the Canadian target rate using macroeconomic variables and Bank of Canada (BOC) communication … Fed and use informal types of communication more frequently.newswire reports of Fed communications. -- Bank of Canada …
Persistent link: https://www.econbiz.de/10003889007
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How monetary policy is made : two Canadian tales
Siklos, Pierre L.; Neuenkirch, Matthias - 2013 - This draft: September 2013
This paper examines the policy rate recommendations of the Bank of Canada's Governing Council (GC) and the C.D. Howe … rates are proposed to rise than at other times. Equally interesting is the finding that the Bank of Canada conditional …
Persistent link: https://www.econbiz.de/10009790033
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When is lift-off? : evaluating forward guidance from the shadow
Neuenkirch, Matthias; Siklos, Pierre L. - 2014 - This draft: January 2014
Policy Council in Canada. Given the structure of the committee, how decision-making takes place, as well as the voting … interest rates inside the MPC. Beginning with the explicit forward guidance provided by the Bank of Canada market determined …
Persistent link: https://www.econbiz.de/10010356192
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Good Governance of Monetary Policy in Canada : Lessons from the C.D. Howe Institute's Shadow Council
Siklos, Pierre L. - 2014
The Bank of Canada should consider publicly disclosing the discussions and dissenting opinions of members of its … Canada: Lessons from the C.D. Howe Institute's Shadow Council,” authors Pierre Siklos and Matthias Neuenkirch argue that the …
Persistent link: https://www.econbiz.de/10013044472
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How Monetary Policy Is Made : Two Canadian Tales
Siklos, Pierre L. - 2014
We examine policy rate recommendations of the Bank of Canada's Governing Council (GC) and its shadow, the C.D. Howe …
Persistent link: https://www.econbiz.de/10013050370
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How Monetary Policy is Made : Two Canadian Tales
Siklos, Pierre L. - 2013
This paper examines the policy rate recommendations of the Bank of Canada's Governing Council (GC) and the C.D. Howe … rates are proposed to rise than at other times. Equally interesting is the finding that the Bank of Canada conditional …
Persistent link: https://www.econbiz.de/10013076525
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Canadian Interest Rate Setting : The Information Content of Canadian and U.S. Central Bank Communication
Hayo, Bernd - 2010
We explain Canadian target rate decisions using macroeconomic variables as well as Bank of Canada (BOC) and Federal …
Persistent link: https://www.econbiz.de/10013151094
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The risk-taking channel of monetary policy transmission in the euro area
Neuenkirch, Matthias; Nöckel, Matthias - 2017
In this paper, we provide evidence for a risk-taking channel of monetary policy transmission in the euro area. Our dataset covers the period 2003Q1-2016Q2 and includes, in addition to the standard variables for real GDP growth, inflation, and the main refinancing rate, indicators of bank lending...
Persistent link: https://www.econbiz.de/10011661422
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The Risk-Taking Channel of Monetary Policy Transmission in the Euro Area
Neuenkirch, Matthias; Nöckel, Matthias - 2018
In this paper, we provide evidence for a risk-taking channel of monetary policy transmission in the euro area that works through the relaxation of lending standards for borrowers. Our dataset covers the period 2003Q1-2016Q2 and includes, in addition to the standard variables for real GDP growth,...
Persistent link: https://www.econbiz.de/10011872039
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Shadow Banks and the Risk-Taking Channel of Monetary Policy Transmission in the Euro Area
Wischnewsky, Arina; Neuenkirch, Matthias - 2018
In this paper, we provide evidence for a risk-taking channel of monetary policy transmission in the euro area that works through an increase in shadow banks’ total asset growth and their risk assets ratio. Our dataset covers the period 2003Q1 - 2017Q3 and includes, in addition to the standard...
Persistent link: https://www.econbiz.de/10011887378