Showing 1 - 10 of 48,314
The author evaluates the effect of the Bank of Canada's conditional commitment regarding the target overnight rate on … for Canada and the United States, the author finds that the Canadian 1-year treasury bill rates and 1-year forward 3-month … evidence appears to suggest that the Bank of Canada's conditional commitment likely has produced a persistent effect in …
Persistent link: https://www.econbiz.de/10003996812
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 …
Persistent link: https://www.econbiz.de/10012520249
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 … 2020 workshop, "Towards the 2021 Renewal of the Bank of Canada's Monetary Policy Framework." The Bank will publish updated …
Persistent link: https://www.econbiz.de/10012613645
Chen et al. (2021) show that almost one-third of First Nations band offices in Canada are within 1 kilometre (km) of an … Nations are generally among the most geographically remote communities in Canada. Further, we show that these First Nations … are also among the lowest scoring communities in Canada according to a measure of community well-being based on indicators …
Persistent link: https://www.econbiz.de/10013193291
We evaluate the treatment effect of inflation targeting in seven industrial countries that adopted this policy in the 1990s. To address the self-selection problem of policy adoption, we make use of a variety of propensity score matching methods recently developed in the treatment effect...
Persistent link: https://www.econbiz.de/10013061334
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 …
Persistent link: https://www.econbiz.de/10012053000
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 …
Persistent link: https://www.econbiz.de/10012053139
We develop an equilibrium model of the monetary policy transmission mechanism that highlights information frictions in the market for money and search frictions in the labour market. The information friction increases the persistence in the response of interest rates following monetary policy...
Persistent link: https://www.econbiz.de/10014072220
The debate about the natural rate of interest, or r*, sometimes overlooks the point that there is an entire term structure of r* measures, with short-run estimates capturing current economic conditions and long-run estimates capturing more secular factors. The whole term structure of r* matters...
Persistent link: https://www.econbiz.de/10014352534
central bank balance sheets. We analyze the experience in seven advanced economies (Australia, Canada, Euro area, New Zealand …
Persistent link: https://www.econbiz.de/10014528361