About the C.D. Howe Institute

The C.D. Howe Institute is an independent not-for-profit research institute whose mission is to raise living standards by fostering economically sound public policies. Widely considered to be Canada's most influential think tank, the Institute is a trusted source of essential policy intelligence, distinguished by research that is nonpartisan, evidence-based and subject to definitive expert review.

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Monetary Policy

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This research concerns central banking, its goals such as controlling inflation, the tools used to reach them such as policy  interest rates, related indicators such as the growth of money and credit; and the role central banks play in supervising and providing liquidity to financial markets. In addition to this research, the Institute's Monetary Policy Council provides a regular independent assessment of the appropriate stance of Canadian monetary policy as the Bank of Canada pursues its 2 percent inflation target.

Mounting Evidence: Findings from Natural Experiments in Inflation Targeting
March 31, 2016 - Michael Parkin
International evidence shows the wide economic benefits of inflation targeting, says a ground-breaking C.D. Howe Institute report. In “Mounting Evidence: Findings from Natural Experiments in...
Looking for Liquidity: Banking and Emergency Liquidity Facilities
February 9, 2016 - Jeremy Kronick
The Bank of Canada should start preparing for the next financial crisis, according to a new C.D. Howe Institute report. In “Looking for Liquidity: Banking and Emergency Liquidity Facilities,” author...
 One Percent? For Real? Insights from Modern Growth Theory about Future Investment Returns
October 7, 2015 - Craig Alexander and Steve Ambler
Pension fund savers face a future of lower investment returns, states a new report from the C.D. Howe Institute. In “One Percent? For Real? Insights from Modern Growth Theory about Future Investment...
Improving on the CPI: A Proposal for a Better Inflation Indicator
August 12, 2015 - Aaron Jacobs and Finn Poschmann
The Bank of Canada should track inflation using a measure that better accounts for changes in resale housing prices, according to a new C.D. Howe Institute report. In “Improving on the CPI: A...
Securing Monetary and Financial Stability: Why Canada Needs a Macroprudential Policy Framework
June 24, 2015 - David Longworth and Paul Jenkins
The Bank of Canada should focus monetary policy on inflation, not systemic risk, according to a new report released today by the C.D. Howe Institute. In “Securing Monetary and Financial Stability:...
Good Governance of Monetary Policy in Canada:  Lessons from the C.D. Howe Institute’s Shadow Council
October 30, 2014 - Matthias Neuenkirch and Pierre Siklos
The Bank of Canada should consider publicly disclosing the discussions and dissenting opinions of members of its interest-rate-setting committee, according to a new C.D. Howe Institute report. In “...
Bank of Canada Should Raise Overnight Rate to 1.25 Percent This Week, and 1.75 Percent by January 2019
Intelligence Memos
To: Stephen Poloz, Governor of the Bank of Canada From: The C.D. Howe Institute Monetary Policy Council Date: January 15, 2018 Re: Bank of Canada Should Raise Overnight Rate to 1.25 Percent This Week...
Jeremy Kronick - The Unintended Consequences of Bail-in
Intelligence Memos
To:  Minister Bill Morneau and Superintendent Jeremy Rudin From:  Jeremy Kronick Date: December 8, 2017 Re: The Unintended Consequences of Bail-in Bail-in is not nearly as well known a term or...
Bank of Canada must explain its focus on ‘data-dependency’ - Globe and Mail Op-Ed
Op-Ed
In its interest-rate announcement on Wednesday, the Bank of Canada once again underlined that future changes in rates would be conditional on the data. Wednesday's news statement noted that the...

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03 Nov 2016
Nov
03
  • Inside Access: Monetary Policy in a Low Interest Rate Environment
Call with Steve Ambler, Professor of Economics, Université du Québec à Montréal
Conference Call
Thursday, November 3, 2016, 3:00 pm to 3:30 pm
19 Sep 2016
Sep
19
  • Uncharted Territory: Negative Interest Rates in Canada
David Laidler Lecture with Toni Gravelle, Thorsten Koeppl, and Craig Wright
Toronto, 67 Yonge Street, Suite 300
Monday, September 19, 2016, 12:00 pm to 1:30 pm
Sponsored by:
RBC Capital Markets
13 Sep 2016
Sep
13
  • Christine Lagarde, Managing Director, International Monetary Fund
Annual Sylvia Ostry Lecture - Reshaping the Globalization Debate
Toronto, 401 Bay Street, Simpson Tower, 8th Floor
Tuesday, September 13, 2016, 9:00 am to 10:30 am
Sponsored by:
Citi
Osler, Hoskin and Harcourt LLP

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© 2014 C.D. Howe Institute. All Rights Reserved.

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© 2014 C.D. Howe Institute. All Rights Reserved.