The Bank of Canada Needs to Nurture those Green Shoots of Recovery
AbstractTo encourage new growth in the Canadian economy, the Bank of Canada should be actively irrigating financial markets with a growing money supply. Recovery needs support from the continued credibility of the Bank’s 2 percent inflation target – but there are signs that this credibility is fading over short time horizons, dampening low interest rates’ positive effect on spending.
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Bibliographic InfoPaper provided by C.D. Howe Institute in its series e-briefs with number 77.
Length: 5 pages
Date of creation: Apr 2009
Date of revision:
Publication status: Published on the C.D. Howe Institute website, April 2009
monetary policy; Bank of Canada; money supply growth;
Find related papers by JEL classification:
- E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
- E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
- E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-04-25 (All new papers)
- NEP-CBA-2009-04-25 (Central Banking)
- NEP-MAC-2009-04-25 (Macroeconomics)
- NEP-MON-2009-04-25 (Monetary Economics)
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