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: E52 E58 E51 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cba, nep-mac and nep-mon
Date: 2009-04
View citations in EconPapers

Published on the C.D. Howe Institute website, April 2009

Downloads: (external link)
http://www.cdhowe.org/pdf/ebrief_77.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: http://EconPapers.repec.org/RePEc:cdh:ebrief:77

Access Statistics for this paper

More papers in e-briefs from C.D. Howe Institute
Contact information at EDIRC.
Series data maintained by Alyson Henry ().