Canada
How valuable is a PhD economist?
Heads of research from Canada, Israel and North Macedonia weigh the benefits of advanced economics education – and the challenge of retaining top staff
Inflation climbs in UK and Canada
Headline figures increased year on year by 0.7% in the UK and 1% in Canada
Green finance: new initiatives in China, Europe and Americas
Eurosystem adopts common investment principles; China pushes climate modelling; and more
Decentralised, private, cash-like: researchers propose CBDC designs
Canadian universities outline several options for a central bank digital currency
Bank of Canada may speed research into central-bank e-currency
Deputy governor says digital cash “not foregone conclusion,” criticises crypto
Talking to firms aids central banks at ‘turning points’ – BoC paper
Qualitative information is particularly useful when timely official data is lacking, authors say
Paper lays groundwork for Canadian ‘Hank’ model
Author estimates “earnings process” as step towards heterogeneous agent modelling
The dawn of average inflation targeting
The Fed has failed to explain how it will calculate the ‘average’ for its new AIT framework, raising new risks that central bankers would do well to reflect on
Olli Rehn on AIT, market neutrality and EU fiscal policies
The Bank of Finland governor talks about the ECB’s strategy review, market failure on climate change, lessons from the sovereign debt crisis, and the Draghi legacy effect on Covid-19 responses
Canada launches climate risk scenario pilot
Project will test volunteer institutions for their exposure to climate change risk
Vocalink to provide Canada’s real-time payments infrastructure
Mastercard company wins contract to provide infrastructure and support services for “real-time rail”
Wilkins to leave Bank of Canada five months early
Replacement will need to have experience leading organisations through “change and uncertainty”
Bank of Canada ‘recalibrates’ QE programme
Central bank changes programme’s focus as Covid-19 cases climb
Canadian opposition says central bank ‘must not become government ATM’
Bank of Canada to end some emergency financing programmes as lawmaker calls more QE “insane”
Token-based CBDC poses security risks – BoC paper
Bank of Canada has said token-based approach is its preferred method, but authors warn of risks
Canadian households face ‘crucial’ months – BoC governor
Macklem warns that financial risks to households are likely to rise as loan deferrals end
Reserve Benchmarks 2020 report – charting new data frontiers
Perspectives on staffing and salaries, reserve coverage, portfolio construction, benchmarking, use of external parties and risk management
Bank of Canada sets out pandemic-adjusted CPI methodology
Pandemic triggered rapid shift in consumers’ spending habits
Carolyn Wilkins announces departure from the Bank of Canada
Deputy governor who led emergency asset purchases says BoC “is in good hands”
Bank of Canada looking at inequality, governor says
Monetary policy review is considering impact on wealth and income inequality, says Tiff Macklem
Lower financial literacy linked to crypto asset ownership – Bank of Canada
New cash survey shows financial literacy is positively associated with crypto asset awareness, but negatively associated with ownership
Raising inflation expectations may depress growth – Jackson Hole paper
More nuanced communication would help public understand state of the economy, say researchers
Central bank comms need “second sea change” – Canadian governor
Pandemic has shown importance of transparency and communications, Tiff Macklem says
Carney to lead asset manager’s climate change strategy
Former BoE governor joins Canadian firm Brookfield and will continue in UN climate role