Press Release Department: Federal - Bank of Canada

The Bank of Canada published a staff paper, Fiscal Spillovers: The Case of US Corporate and Personal Income Taxes, by Madeline Hanson, Daniela Hauser and Romanos Priftis. The full release is available online.

The Bank of Canada published a new research paper: The Bank of Canada’s “Horse Race” of Alternative Monetary Policy Frameworks: Some Interim Results from Model Simulations by José Dorich, Rhys R. Mendes and Yang Zhang. The paper is available online.

The Bank of Canada released a new paper: Cash and COVID-19: The impact of the second wave in Canada, by Heng Chen, Walter Engert, Marie-Hélène Felt, Kim P. Huynh, Gradon Nicholls, Daneal O’Habib and Julia Zhu. The full release is available online.

The Bank of Canada held its target for the overnight rate at the effective lower bound of 0.25 per cent, with the Bank Rate at 0.5 per cent and the deposit rate at 0.25 per cent. The Bank is maintaining its extraordinary forward guidance on the path for the overnight rate. This is reinforced and supplemented by the … Read more

The Board of Directors of the Bank of Canada announced that Carolyn Rogers has been appointed Senior Deputy Governor for a seven-year term, effective December 15, 2021. The selection was made by the independent members of the Bank’s Board and was approved by the federal Cabinet. Rogers succeeds Carolyn A. Wilkins, who resigned from the Bank on … Read more

The Bank of Canada released a new paper, Four Decades of Canadian Earnings Inequality and Dynamics Across Workers and Firms, by Audra Bowlus, Émilien Gouin-Bonenfant, Huju Liu, Lance Lochner, and Youngmin Park on its website.

The Bank of Canada held its target for the overnight rate at the effective lower bound of a quarter per cent, with the Bank Rate at a half per cent and the deposit rate at a quarter per cent. The Bank is maintaining its extraordinary forward guidance, reinforced and supplemented by its quantitative easing program, … Read more

The Bank of Canada published a new research paper, Towards a HANK Model for Canada: Estimating a Canadian Income Process, by Iskander Karibzhanov. The paper is available online.

The Bank of Canada published a new research paper, A Macroeconomic Model of an Epidemic with Silent Transmission and Endogenous Self-isolation, by Antonio Diez de los Rios. The full release is available online. The Bank of Canada published a new research paper, The Heterogeneous Effects of COVID-19 on Canadian Household Consumption, Debt and Savings by James (Jim) C. MacGee, Thomas … Read more

The Bank of Canada published a new staff research paper, On Causal Networks of Financial Firms: Structural Identification via Non-parametric Heteroskedasticity, by Ruben Hipp, on its website.