IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this paper or follow this series

Effect of monetary policy on productivity in Canada

It is now increasingly established that Central Banks exercise control over nominal and real magnitudes, in regimes where banks desire to hold zero reserves, not by altering the stock of reserves nor by fixing interest rates but rather by operating upon the spreads or the relative price of banking services. Central Banks always affect the price of banking services which are essentially the supply of liquid, and accessible-at-least-cost, intertemporal transactions services. Central Banks are always operating upon this real relative price so that the set of all relative prices cannot be ascertained independently of the activity of the monetary authorities. Just as Keynes argued we now must work 2 with a monetary theory of value.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://www.carleton.ca/economics/ccms/wp-content/ccms-files/cep99-09.pdf
File Function: Full text
Download Restriction: None

Paper provided by Carleton University, Department of Economics in its series Carleton Economic Papers with number 99-09.

as
in new window

Length: 15 pages
Date of creation: Feb 1999
Date of revision:
Publication status: Published: Carleton Economic Paper
Handle: RePEc:car:carecp:99-09
Contact details of provider: Postal: 1125 Colonel By Drive, Ottawa Ontario, K1S 5B6 Canada
Phone: 1-613-520-3744
Fax: 1-613-520-3906

Order Information: Email:


No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:car:carecp:99-09. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Renee Lortie)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.