Home / Publications / Research / Canadian Monetary Policy in the Time of COVID-19
- Research
- |
Canadian Monetary Policy in the Time of COVID-19
Summary:
Page Title: | Canadian Monetary Policy in the Time of COVID-19 – C.D. Howe Institute |
Article Title: | Canadian Monetary Policy in the Time of COVID-19 |
URL: | https://cdhowe.org/publication/canadian-monetary-policy-time-covid-19/ |
Published Date: | October 8, 2020 |
Accessed Date: | February 8, 2025 |
Outline
Outline
Authors
Related Topics
Tricky Juggling Act Ahead for Bank of Canada
- The Bank of Canada must handle three challenges simultaneously—providing economic stimulus, hitting inflation targets and managing its massively expanded balance sheet—all while dealing with associated credit and political risks.
- Authors Steve Ambler and Jeremy M. Kronick explore the challenges the Bank of Canada faces as it goes beyond conventional monetary policy with large-scale asset purchases, and provide guidance on how to address them.
- It's imperative that governments clearly lay out a plan for bringing back fiscal anchors that were set aside during the pandemic, with a clear plan for achieving the optimal level for these anchors, conclude Ambler and Kronick. It is also imperative for the Bank of Canada to re-commit, alongside the federal government, to hitting the 2 percent target as part of the 2021 inflation-control renewal.
Related Publications
- Opinions & Editorials
Alexandre Laurin, William B.P. Robson
- Opinions & Editorials
Lawrence Herman
- Opinions & Editorials
Nicholas Dahir, William B.P. Robson