What happens after Governing Council sets the target for the policy interest rate : inside the implementation framework that makes monetary policy work / Kaetlynd McRae.: FB3-8/2026-45E-PDF
"What happens after Governing Council sets the target for the policy interest rate? Setting the target rate is the most visible part of monetary policy, but it is only the first step in transmitting the rate decision to the Canadian economy. This paper explains how the Bank of Canada uses its monetary policy implementation framework (MPI) to ensure that the rate decision is reflected in financial markets by keeping short-term interest rates close to the target policy rate"--Abstract, page ii.
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| Title | What happens after Governing Council sets the target for the policy interest rate : inside the implementation framework that makes monetary policy work / Kaetlynd McRae. |
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| Publication type | Monograph - View Master Record |
| Language | [English] |
| Other language editions | [French] |
| Format | Digital text |
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| Description | 1 online resource (ii, 20 pages) |
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