00000cam 2200000zi 4500 9.961219 CaOODSP 20260323135406 m o d f cr cn||||||||| 260323e20260119oncd ob f000 0 eng d CaOODSP eng rda CaOODSP eng eng fre n-cn--- FB3-8/2026-1E-PDF Sutherland, Christopher S., author. Extraordinary forward guidance in Canada during the pandemic / Christopher Sutherland. [Ottawa] : Bank of Canada = Banque du Canada, January 19, 2026. ©2026 1 online resource (iii, 43 pages) : graphs. text txt rdacontent computer c rdamedia online resource cr rdacarrier Staff analytical paper = Document analytique du personnel, 3110-9195 ; 2026-1 Cover title. Includes bibliographical references (pages 38-43). "We consider two trade-offs inherent to extraordinary forward guidance (EFG): potency versus flexibility, and the credibility of forward guidance versus the credibility of inflation targeting. We argue that the form of EFG used by the Bank of Canada during the COVID-19 pandemic balanced both trade-offs relatively well. We also draw three lessons from the Bank's pandemic EFG experience"--Abstract, page ii. Includes abstracts in English and French. Banks and banking, Central Canada. Monetary policy Canada Econometric models. COVID-19 Pandemic, 2020-2023 Canada Econometric models. Banques centrales Canada. Politique monétaire Canada Modèles économétriques. Pandémie de COVID-19, 2020-2023 Canada Modèles économétriques. Bank of Canada, issuing body. Staff analytical paper (Bank of Canada) 3110-9195 ; 2026-1. (CaOODSP)9.958938 PDF 1.03 MB https://publications.gc.ca/collections/collection_2026/banque-bank-canada/FB3-8-2026-1-eng.pdf