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

David Laidler

No 77, e-briefs from 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.

Keywords: monetary policy; Bank of Canada; money supply growth (search for similar items in EconPapers)
JEL-codes: E51 E52 E58 (search for similar items in EconPapers)
Pages: 5 pages
Date: 2009-04
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, April 2009

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Persistent link: https://EconPapers.repec.org/RePEc:cdh:ebrief:77

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