00000nam 2200000zi 4500 9.927378 CaOODSP 20230918094247 m o d f cr |n||||||||| 230918t20232023oncd ob f|0| 0 eng d CaOODSP eng rda CaOODSP eng eng fre n-cn--- FB3-6/2023-10E-PDF Gravelle, Toni, 1964- author. Reviewing Canada’s monetary policy implementation system : does the evolving environment support maintaining a floor system? / by Toni Gravelle, Ron Morrow and Jonathan Witmer. Ottawa, Ontario, Canada : Bank of Canada = Banque du Canada, 2023. ©2023 1 online resource (ii, 20 pages) : charts. text txt rdacontent computer c rdamedia online resource cr rdacarrier Staff discussion paper = Document d'analyse du personnel, 1914-0568 ; 2023-10 "Last updated: May 15, 2023." Includes bibliographical references. "At the onset of the pandemic, the Bank of Canada transitioned its framework for monetary policy implementation from a corridor system to a floor system, which it has since decided to maintain. This decision was informed by the analysis and assessment of the two frameworks in this paper. We provide a comprehensive analysis of both frameworks and assess their relative merits based on five key criteria that define a sound framework. Our evaluation includes a discussion of how these relative merits have changed since the pandemic began. Specifically, we examine the evolving regulatory landscape, changes in payment systems, and the Bank's quantitative easing program to understand their implications for the relative strengths of the two frameworks for monetary policy implementation"--Abstract. Includes abstract in French. Monetary policy Canada. Politique monétaire Canada. Bank of Canada, issuing body. Staff discussion paper (Bank of Canada) 2023-10. (CaOODSP)9.806273 PDF 802 KB https://publications.gc.ca/collections/collection_2023/banque-bank-canada/FB3-6-2023-10-eng.pdf