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008260323e20260119oncd    ob   f000 0 eng d
040 |aCaOODSP|beng|erda|cCaOODSP
0410 |aeng|beng|bfre
043 |an-cn---
0861 |aFB3-8/2026-1E-PDF
1001 |aSutherland, Christopher S., |eauthor.
24510|aExtraordinary forward guidance in Canada during the pandemic / |cChristopher Sutherland.
264 1|a[Ottawa] : |bBank of Canada = Banque du Canada, |cJanuary 19, 2026.
264 4|c©2026
300 |a1 online resource (iii, 43 pages) : |bgraphs.
336 |atext|btxt|2rdacontent
337 |acomputer|bc|2rdamedia
338 |aonline resource|bcr|2rdacarrier
4901 |aStaff analytical paper = |aDocument analytique du personnel, |x3110-9195 ; |v2026-1
500 |aCover title.
504 |aIncludes bibliographical references (pages 38-43).
5203 |a"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.
546 |aIncludes abstracts in English and French.
650 0|aBanks and banking, Central|zCanada.
650 0|aMonetary policy|zCanada|xEconometric models.
650 0|aCOVID-19 Pandemic, 2020-2023|zCanada|xEconometric models.
650 6|aBanques centrales|zCanada.
650 6|aPolitique monétaire|zCanada|xModèles économétriques.
650 6|aPandémie de COVID-19, 2020-2023|zCanada|xModèles économétriques.
7102 |aBank of Canada, |eissuing body.
830#0|aStaff analytical paper (Bank of Canada)|x3110-9195 ; |v2026-1.|w(CaOODSP)9.958938
85640|qPDF|s1.03 MB|uhttps://publications.gc.ca/collections/collection_2026/banque-bank-canada/FB3-8-2026-1-eng.pdf