Money Still Matters: How the Bank of Canada Might Better Monitor Inflation

Mati Dubrovinsky
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Mati Dubrovinsky: C.D. Howe Institute

No 180, e-briefs from C.D. Howe Institute

Abstract: The Bank of Canada (BoC) should carefully monitor the money supply to better predict inflation and track the effectiveness of its monetary policy, according to a new C.D. Howe Institute report. In “Money Still Matters: How the Bank of Canada Might Better Monitor Inflation,” author Mati Dubrovinsky suggests the BoC should also pay particular attention to the possibility that the public’s inflation expectations will shift below targeted inflation, and should be prepared to adjust policy if and when such a shift occurs.

Keywords: Monetary; Policy (search for similar items in EconPapers)
JEL-codes: E51 E58 (search for similar items in EconPapers)
Date: 2014-08
New Economics Papers: this item is included in nep-cba, nep-mac and nep-mon
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Citations: View citations in EconPapers (1)

Published on the C.D. Howe Institute website, August 2014

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Persistent link: https://EconPapers.repec.org/RePEc:cdh:ebrief:180

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