Reviewing Canada’s monetary policy implementation system : does the evolving environment support maintaining a floor system? / by Toni Gravelle, Ron Morrow and Jonathan Witmer. : FB3-6/2023-10E-PDF
"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.
Lien permanent pour cette publication :
publications.gc.ca/pub?id=9.927378&sl=1
| Ministère/Organisme | Bank of Canada, issuing body. |
|---|---|
| Titre | Reviewing Canada’s monetary policy implementation system : does the evolving environment support maintaining a floor system? / by Toni Gravelle, Ron Morrow and Jonathan Witmer. |
| Titre de la série | Staff discussion paper = Document d'analyse du personnel, 1914-0568 ; 2023-10 |
| Type de publication | Série - Voir l'enregistrement principal |
| Langue | [Anglais] |
| Format | Électronique |
| Document électronique | |
| Note(s) | "Last updated: May 15, 2023." Includes bibliographical references. Includes abstract in French. |
| Information sur la publication | Ottawa, Ontario, Canada : Bank of Canada = Banque du Canada, 2023. ©2023 |
| Auteur / Contributeur | Gravelle, Toni,1964- author. |
| Description | 1 online resource (ii, 20 pages) : charts. |
| Numéro de catalogue |
|
| Descripteurs | Monetary policy -- Canada. Politique monétaire -- Canada. |
Demander des formats alternatifs
Pour demander une publication dans un format alternatif, remplissez le formulaire électronique des publications du gouvernement du Canada. Utilisez le champ du formulaire «question ou commentaire» pour spécifier la publication demandée.- Date de modification :