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Five years ago my predecessor Stephen Poloz talked about the power and limitations of monetary policy, focusing on the difficulty of ensuring financial stability when your main job is price stability.
This renewal of Canada’s monetary policy framework is occurring at a time when changes to the economy are complicating the task of monetary policy. The global financial crisis and COVID-19 pandemic ...
Former Bank of Canada deputy governor Paul Beaudry says there are limits to what monetary policy can do to alleviate the effects brought on by tariffs. “By itself (monetary policy), it can only do so ...
While the Bank of Canada can set its policy rate independently of the Fed’s rate, it has less control over the long-term. and reflect expectations for future short-term rates and risk factors.
NEW YORK, May 14 (Reuters) - Central banks should still be able to conduct monetary policy effectively and perhaps be even nimbler in a more decentralized financial system, according to the ...
Excessive policy tightening in such cases can be counterproductive, leading to leading to costly economic contraction and resource misallocation. Given these insights, central bank monetary policy ...
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