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Into the Unknown: Reflections on Risk, Uncertainty and Monetary Policy Decision-making
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Page Title: | Into the Unknown: Reflections on Risk, Uncertainty and Monetary Policy Decision-making – C.D. Howe Institute |
Article Title: | Into the Unknown: Reflections on Risk, Uncertainty and Monetary Policy Decision-making |
URL: | https://cdhowe.org/publication/unknown-reflections-risk-uncertainty-and-monetary-policy-decision-making/ |
Published Date: | July 18, 2019 |
Accessed Date: | February 17, 2025 |
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Radical uncertainty about the economic outlook is posing a new challenge for the Bank of Canada and other central banks, according to a new C.D. Howe Institute report.
In “Into the Unknown: Reflections on Risk, Uncertainty and Monetary Policy Decision-making”, author Paul Jenkins assesses the need for central banks to add to their toolkit with ‘bottom up’ agent-based models and to reposition their communications strategy through the use of narratives—both to help address what we mean by true uncertainty.
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