of monetary policy. We find that the Bank of Canada's current preferred measures of core inflation-CPI-trim, CPI …We provide an updated evaluation of the value of various measures of core inflation that could be used in the conduct … biased, less volatile and much more persistent relative to alternative core measures and CPI inflation. They are also still …

The author evaluates the effect of the Bank of Canada's conditional commitment regarding the target overnight rate on … longer-term market interest rates by taking into account the relationship between interest rates, inflation, and unemployment … rates. By using vector autoregressive models of monthly interest rates, month-over-month inflation, and unemployment rates …

Cash is being used less and less for making payments in many countries, including Canada and Sweden, which might … suggest that cash will eventually disappear. However, cash in circulation in most countries, including Canada, has been stable … paper explains these differences between Canada and Sweden by focusing separately on the transactions demand for cash and on …

Cash is being used less and less for making payments in many countries, including Canada and Sweden, which might … suggest that cash will eventually disappear. However, cash in circulation in most countries, including Canada, has been stable … paper explains these differences between Canada and Sweden by focusing separately on the transactions demand for cash and on …

Providing bank notes is one of the Bank of Canada’s core functions. The Bank is therefore interested in whether cash is … distance between the 637 reserve band offices in Canada and their closest cash sources. In this study, these cash sources are …

We evaluate the treatment effect of inflation targeting in seven industrial countries that adopted this policy in the … methods recently developed in the treatment effect literature. Our results show that inflation targeting has no significant … effects on either inflation or inflation variability in these seven countries. Further evidence from long-term nominal …

about the nature of the shifts and optimally update their inflation forecasts using an "adaptive" expectations rule. The …

Since 1991, the Bank of Canada has had an inflation‐targeting (IT) framework established by a joint agreement between … the Bank and the Government of Canada. The framework is reviewed every five years as part of the process for renewing the … inflation‐control agreement. This discussion paper summarizes some interim results from Bank staff analysis done for the August …