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Extraordinary forward guidance in Canada during the pandemic / Christopher Sutherland.: FB3-8/2026-1E-PDF

"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.

Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.961219&sl=0

Publication information
Department/Agency
  • Bank of Canada, issuing body.
TitleExtraordinary forward guidance in Canada during the pandemic / Christopher Sutherland.
Series title
  • Staff analytical paper = Document analytique du personnel, 3110-9195 ; 2026-1
Publication typeMonograph - View Master Record
Language[English]
FormatDigital text
Electronic document
Note(s)
  • Cover title.
  • Includes bibliographical references (pages 38-43).
  • Includes abstracts in English and French.
Publishing information
  • [Ottawa] : Bank of Canada = Banque du Canada, January 19, 2026.
  • ©2026
Author / Contributor
  • Sutherland, Christopher S., author.
Description1 online resource (iii, 43 pages) : graphs.
Catalogue number
  • FB3-8/2026-1E-PDF
Subject terms
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