This paper examines the major changes in the Canadian banking system since the Second World War, with special attention paid to the differences between Canadian and U.S. [...]

The paper subjects seven structural DSGE models, all used heavily by policymaking institutions, to discretionary fiscal stimulus shocks using seven different fiscal instr[...]

The financial services industry has been undergoing significant change in recent years. This paper analyzes some key developments affecting the industry and examines some[...]

The Canadian financial industry continues to experience significant changes. This report provides an update on recent developments and re-examines a number of issues faci[...]

The foreign currency assets and liabilities of the Canadian chartered banks grew rapidly over the 1960s and now account for a substantial share of their total assets and [...]

Inflation targeting has become the centerpiece of the monetary policy framework in a number of industrial countries and emerging economies. The first part of this article[...]

In this study the author uses three wage equations and three price equations to examine the effect on wages and prices of various shocks. Different combinations of wage a[...]

In the mid-1970s the Bank of Canada, along with a number of other central banks, began to set explicit targets for monetary growth and to emphasize the long-run role of m[...]

This paper examines the ways in which central banks influence the very short-term interest rate in regimes with and without reserve requirements. It then examines the imp[...]

Canada is the quintessential “small open economy.” It has very close ties with the United States in both trade and capital movements. On the financial side, interest rate[...]