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The Bank of Canada Needs to Nurture those Green Shoots of Recovery

Author

Listed:
  • David Laidler

    (C.D. Howe Institute)

Abstract

To 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.

Suggested Citation

  • David Laidler, 2009. "The Bank of Canada Needs to Nurture those Green Shoots of Recovery," e-briefs 77, C.D. Howe Institute.
    • Handle: RePEc:cdh:ebrief:77
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    File URL: https://www.cdhowe.org/public-policy-research/bank-canada-needs-nurture-those-green-shoots-recovery
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    Cited by:

    1. Pierre L. Siklos, 2009. "As Good As It Gets? The International Dimension to Canada's Monetary Policy Strategy Choices," C.D. Howe Institute Commentary, C.D. Howe Institute, issue 292, July.

    More about this item

    Keywords

    monetary policy; Bank of Canada; money supply growth;
    All these keywords.

    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

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