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Navigating Turbulence: Canadian Monetary Policy Since 2004
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Page Title: | Navigating Turbulence: Canadian Monetary Policy Since 2004 – C.D. Howe Institute |
Article Title: | Navigating Turbulence: Canadian Monetary Policy Since 2004 |
URL: | https://cdhowe.org/publication/navigating-turbulence-canadian-monetary-policy-2004/ |
Published Date: | December 4, 2018 |
Accessed Date: | February 12, 2025 |
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The Bank of Canada should restore the important role of tracking the money supply as a predictor of future inflation and economic performance, according to a major new book on the conduct of monetary policy from the C.D. Howe Institute.
In “Navigating Turbulence: Canadian Monetary Policy Since 2004,” authors Steve Ambler and Jeremy Kronick assess the BoC’s policies from 2004, through the turbulence of the 2008/09 recession, the recovery and up to the current period. Overall, they give the Bank high marks for its stewardship. However, the Bank faces key new challenges posed by the current low-interest-rate, low-inflation environment that require response, according to the authors.
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