Monetary Policy and the Economic Well-being of Canadians

Paul Jenkins and Brian O'Reilly
Additional contact information
Paul Jenkins: Deputy Governor of the Bank of Canada
Brian O'Reilly: Deputy Chief, Research Department of the Bank of Canada

A chapter in The Review of Economic Performance and Social Progress 2001: The Longest Decade: Canada in the 1990s, 2001, vol. 1 from Centre for the Study of Living Standards, The Institutute for Research on Public Policy

Abstract: In this chapter, Paul Jenkins and Brian O'Reilly survey the monetary policy developments in the 1990s, focusing on links between monetary policy and the economic well-being of Canadians. The Bank of Canada economists do admit that tight monetary policy in the early 1990s hurt growth in the short-term, but they argue that such action was necessary to ratchet down entrenched inflationary expectations. Moreover, they argue that stagnation in the early part of the decade was not simply the result of monetary policy, but also reflected a weak US economy and structural problems in the Canadian economy.

Keywords: Monetary Policy; Inflation; Inflation Reduction; Inflation Policy; Growth; Recession; Well-being; Wellbeing; Well Being; Canada (search for similar items in EconPapers)
JEL-codes: E31 E52 E63 O40 O51 (search for similar items in EconPapers)
Date: 2001
ISBN: 0-88645-190-6
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

Downloads: (external link)
http://www.csls.ca/repsp/1/05-jenkins.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sls:repsls:v:1:y:2001:pjbo

Ordering information: This item can be ordered from
http://www.csls.ca

Access Statistics for this chapter

More chapters in The Review of Economic Performance and Social Progress from Centre for the Study of Living Standards 170 Laurier Ave. W, Suite 604, Ottawa, ON K1P 5V5. Contact information at EDIRC., The Institutute for Research on Public Policy 1470 Peel Street, Suite 200, Montreal, QC H3A 1T1.
Bibliographic data for series maintained by CSLS ( this e-mail address is bad, please contact ).