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008230918t20232023oncd    ob   f|0| 0 eng d
040 |aCaOODSP|beng|erda|cCaOODSP
041 |aeng|beng|bfre
043 |an-cn---
0861 |aFB3-6/2023-10E-PDF
1001 |aGravelle, Toni,|d1964- |eauthor.
24510|aReviewing Canada’s monetary policy implementation system : |bdoes the evolving environment support maintaining a floor system? / |cby Toni Gravelle, Ron Morrow and Jonathan Witmer.
264 1|aOttawa, Ontario, Canada : |bBank of Canada = Banque du Canada, |c2023.
264 4|c©2023
300 |a1 online resource (ii, 20 pages) : |bcharts.
336 |atext|btxt|2rdacontent
337 |acomputer|bc|2rdamedia
338 |aonline resource|bcr|2rdacarrier
4901 |aStaff discussion paper = |aDocument d'analyse du personnel, |x1914-0568 ; |v2023-10
500 |a"Last updated: May 15, 2023."
504 |aIncludes bibliographical references.
520 |a"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.
546 |aIncludes abstract in French.
650 0|aMonetary policy|zCanada.
650 6|aPolitique monétaire|zCanada.
7102 |aBank of Canada, |eissuing body.
830#0|aStaff discussion paper (Bank of Canada)|v2023-10.|w(CaOODSP)9.806273
85640|qPDF|s802 KB|uhttps://publications.gc.ca/collections/collection_2023/banque-bank-canada/FB3-6-2023-10-eng.pdf