Ripple Effects: Oil Price Shocks and Monetary Policy

Summary:
Page Title:Ripple Effects: Oil Price Shocks and Monetary Policy – C.D. Howe Institute
Article Title:Ripple Effects: Oil Price Shocks and Monetary Policy
URL:https://cdhowe.org/publication/ripple-effects-oil-price-shocks-and-monetary-policy/
Published Date:August 30, 2016
Accessed Date:February 8, 2025

August 30, 2016 – The effects of large oil price shocks on the Canadian economy are complex, as is the best response of monetary policy, but getting it wrong can be very costly, according to a new C.D. Howe Institute report. In “Ripple Effects: Oil Price Shocks and Monetary Policy,” author Steve Ambler argues that the Bank of Canada should use its main forecasting tools more explicitly in explaining its strategy in responding to oil price shocks. 

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