Why Monetary Policy Matters: A Canadian Perspective

Christopher Ragan ()

Bank of Canada Review, 2006, vol. 2006-2007, issue Winter, 19-25

Abstract: This article provides answers to several key questions about Canadian monetary policy. First, what is monetary policy? Second, why does the Bank of Canada focus on the control of inflation rather than other macroeconomic variables? Third, how do the Bank's actions influence the rate of inflation? And, finally, how can monetary policy deliver genuine and significant benefits to society?

Date: 2006
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