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Monetary Policy in a Period of Financial Chaos: The Political Economy of the Bank of Canada in Extraordinary Times

In: Monetary Policy and Central Banking

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  • Marc Lavoie
  • Mario Seccareccia

Abstract

Divided into two parts, this book presents a detailed, multi-faceted analysis of banking and monetary policy. The first part examines the role of central banks within an endogenous money framework. These chapters address post-Keynesian interest rate policy, monetary mercantilism, financial market organization and developing economies. In the second part of the book, the focus switches to the analysis of the financial crisis that began in 2007. The chapters in this section discuss the role of central banks in times of crisis.

Suggested Citation

  • Marc Lavoie & Mario Seccareccia, 2012. "Monetary Policy in a Period of Financial Chaos: The Political Economy of the Bank of Canada in Extraordinary Times," Chapters, in: Louis-Philippe Rochon & Salewa ‘Yinka Olawoye (ed.), Monetary Policy and Central Banking, chapter 9, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:14188_9
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    References listed on IDEAS

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    1. Takatoshi Ito, 2004. "Inflation Targeting and Japan: Why has the Bank of Japan not Adopted Inflation Targeting?," RBA Annual Conference Volume (Discontinued), in: Christopher Kent & Simon Guttmann (ed.),The Future of Inflation Targeting, Reserve Bank of Australia.
    2. David Laidler, 1999. "Passive Money, Active Money, and Monetary Policy," Bank of Canada Review, Bank of Canada, vol. 1999(Summer), pages 15-25.
    3. Louis-Philippe Rochon & Salewa ‘Yinka Olawoye (ed.), 2012. "Monetary Policy and Central Banking," Books, Edward Elgar Publishing, number 14188.
    4. Robert Amano & Thomas J. Carter & Donald Coletti, 2009. "Next Steps for Canadian Monetary Policy," Bank of Canada Review, Bank of Canada, vol. 2009(Spring), pages 7-20.
    5. Bindseil, Ulrich, 2004. "Monetary Policy Implementation: Theory, past, and present," OUP Catalogue, Oxford University Press, number 9780199274543.
    6. Jack Selody & Carolyn A. Wilkins, 2004. "Asset Prices and Monetary Policy: A Canadian Perspective on the Issues," Bank of Canada Review, Bank of Canada, vol. 2004(Autumn), pages 3-14.
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    Cited by:

    1. Gilberto Tadeu Lima & Mark Setterfield & Jaylson Jair da Silveira, 2017. "The Great Deception: the ‘science’ of monetary policy and the Great Moderation revisited," Working Papers 1729, New School for Social Research, Department of Economics.

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