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From models to communications: strenghtening risk management in monetary policy at the Bank of Canada

In: Monetary policy decision-making and communication under high uncertainty

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  • Gino Cateau
  • Don Coletti
  • Annie Portelance

Abstract

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Suggested Citation

  • Gino Cateau & Don Coletti & Annie Portelance, 2025. "From models to communications: strenghtening risk management in monetary policy at the Bank of Canada," BIS Papers chapters, in: Bank for International Settlements (ed.), Monetary policy decision-making and communication under high uncertainty, volume 127, pages 51-58, Bank for International Settlements.
    • Handle: RePEc:bis:bisbpc:163-05
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    References listed on IDEAS

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    1. Tolga Özden, 2025. "Heterogeneous Expectations and the Business Cycle," International Journal of Central Banking, International Journal of Central Banking, vol. 21(1), pages 273-330, January.
    2. Tobias Adrian & Domenico Giannone & Matteo Luciani & Mike West, 2025. "Scenario Synthesis and Macroeconomic Risk," Papers 2505.05193, arXiv.org.
    3. Keith Kuester & Volker Wieland, 2010. "Insurance Policies for Monetary Policy in the Euro Area," Journal of the European Economic Association, MIT Press, vol. 8(4), pages 872-912, June.
    4. Xavier Gabaix, 2020. "A Behavioral New Keynesian Model," American Economic Review, American Economic Association, vol. 110(8), pages 2271-2327, August.
    5. Marc-André Gosselin & Sharon Kozicki, 2023. "Making It Real: Bringing Research Models into Central Bank Projections," Discussion Papers 2023-29, Bank of Canada.
    6. William A. Brock & Steven N. Durlauf & Kenneth D. West, 2003. "Policy Evaluation in Uncertain Economic Environments," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 34(1), pages 235-322.
    7. Deák, Szabolcs & Levine, Paul & Mirza, Afrasiab & Pearlman, Joseph, 2025. "All models are wrong but all can be useful: Robust policy design using prediction pools," Journal of Economic Dynamics and Control, Elsevier, vol. 176(C).
    8. Olena Kostyshyna & Tolga Özden & Yang Zhang, 2024. "Endogenous Credibility and Wage-Price Spirals," Staff Working Papers 24-14, Bank of Canada.
    9. Hommes, Cars & Lustenhouwer, Joep, 2019. "Inflation targeting and liquidity traps under endogenous credibility," Journal of Monetary Economics, Elsevier, vol. 107(C), pages 48-62.
    10. Donald Coletti, 2023. "A Blueprint for the Fourth Generation of Bank of Canada Projection and Policy Analysis Models," Discussion Papers 2023-23, Bank of Canada.
    11. Harding, Martín & Lindé, Jesper & Trabandt, Mathias, 2022. "Resolving the missing deflation puzzle," Journal of Monetary Economics, Elsevier, vol. 126(C), pages 15-34.
    12. Sharon Kozicki & Jill Vardy, 2017. "Communicating Uncertainty in Monetary Policy," Discussion Papers 17-14, Bank of Canada.
    13. Rhys R. Mendes & Stephen Murchison & Carolyn A. Wilkins, 2017. "Monetary Policy Under Uncertainty: Practice Versus Theory," Discussion Papers 17-13, Bank of Canada.
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