The Canadian Monetary Order: Past, Present, and Prospects

William Robson and Peter Howitt

Chapter 1 in Canadian Policy Debates and Case Studies in Honour of David Laidler, 2010, pp 1-40 from Palgrave Macmillan

Abstract: Abstract The idea of a monetary order — a coherent and robust set of rules, institutions, expectations, and behaviours — deserves attention in a world still struggling to master that extraordinarily powerful and problematic invention, fiat money. My first encounter with the term was in a 1991 paper by David Laidler in which he drew on the exposition of Brunner (1984) to stress the need for considering the broader environment — the rules about the rules — in looking for alternatives when a given operational rule for monetary policy failed.

Keywords: Exchange Rate; Monetary Policy; Central Bank; Consumer Price Index; Inflation Target (search for similar items in EconPapers)
Date: 2010
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DOI: 10.1057/9780230274303_1

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