Monetary Policy and Economic Activity in Canada in the 1990s
AbstractGrowth in output and employment in Canada in the 1990s did not match that of earlier decades, or that in the United States. "Monetary policy rules" estimated for each country illustrate important policy differences between Canada and the United States. In the early 1990s Canadian monetary policy placed primary emphasis on a sharp reduction in inflation and performance was weak. United States' monetary policy balanced inflation control and output stabilization, and performance was strong. These findings argue for future Canadian monetary policy that provides support for stable output growth and inflation targets, not just inflation reduction and targets.
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Bibliographic InfoArticle provided by University of Toronto Press in its journal Canadian Public Policy.
Volume (Year): 31 (2005)
Issue (Month): 1 (March)
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Postal: University of Toronto Press Journals Division 5201 Dufferin Street Toronto, Ontario, Canada M3H 5T8
Web page: http://economics.ca/cpp/
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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