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

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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