Speeches and Presentations

David Dodge, former Governor of the Bank of Canada, presented his views on  the appropriate balance of monetary and fiscal policies for a slow-growth global economy on December 2nd at a C.D. Howe Institute luncheon.  In his remarks, entitled “The Role of Macro-Economic Policies in an Era of Global Economic Stagnation,” Dodge noted: “We are stuck in a low-growth global economy characterized by excess supply and low inflation, a low natural interest rate, low productivity growth, and current account imbalances.” What to do? Dodge concluded: “At the present time, both price and financial stability would be better served by somewhat higher policy interest rates – rates that would not imply a sacrifice of employment and growth...
Remarks by Superintendent Jeremy Rudin to the C.D. Howe Institute, Toronto, Ontario Away from the Lamppost: Culture, Conduct and the Effectiveness of Prudential Regulation It is nearly seven years since the failure of Lehman Brothers and its aftermath opened eyes around the world to weaknesses in the regulation and supervision of financial institutions. This led to a wave of global regulatory and supervisory initiatives. In Canada, this wave is cresting. For us at OSFI, this is the time to increase our focus on the effectiveness of the measures we have taken. To do this, we will be obliged to look not only at the direct evidence that financial institutions are meeting our expectations about risk management and...
The C.D. Howe Institute’s Monetary Policy Council today released a special report entitled “Oil Prices, Economic Growth and Monetary Policy.”  The report presents Council member views regarding the impact of the fall in oil prices on the Canadian economy and the implications for monetary policy. For more information please contact: James Fleming of the C.D. Howe Institute at 416-865-1904; email:jfleming@cdhowe.org.   The C. D. Howe Institute is an independent not-for-profit research institute whose mission is to raise living standards by fostering economically sound public policies. It is Canada’s trusted source of essential policy intelligence, distinguished by research that is nonpartisan, evidence-based and subject...
Richard W. Fisher, President & CEO of the Federal Reserve Bank of Dallas, delivered the 2013 Directors’ Lecture in Toronto on June 4, 2013. Mr. Fisher is a member of the critical Federal Open Market Committee (FOMC), chaired by Ben Bernanke, which serves as the Federal Reserve System’s official monetary-policy making body. Mr. Fisher has been outspoken in his views on U.S. monetary policy, quantitative easing, “too-big-to fail” banks and what should be done about them. Fisher also has deep insight in the areas of trade and international economic policy. This is a rare opportunity for Canadians to hear a US policy leader present an insider’s perspective on Federal Reserve debates that are shaping monetary policy at home and abroad...
Dr. Charles Evans, President & CEO, Federal Reserve Bank of Chicago, gave the 2012 Benefactor's Lecture at the C.D. Howe Institute on November 27, 2012 In addition to presiding over the Chicago Fed, Dr. Evans is a member of the critical Federal Open Market Committee (FOMC), chaired by Ben Bernanke, which is the Federal Reserve System's official monetary-policy making body. Dr. Evans will address how America's central bank intends to continue to respond to lackluster economic progress. Given the Canadian economy's stake in American markets, this event will give a critical glimpse into the direction the US economy is heading. The 2012 Benefactors’ Lecture was sponsored by Briar Foster, Chairman and Founder of Foster &...