The Role of Economic Projections in Canadian Monetary Policy Formulation

Pierre Duguay and Stephen Poloz

Canadian Public Policy, 1994, vol. 20, issue 2, 189-199

Abstract: This paper describes the economic aspects of the monetary policy formulation process in Canada. It begins by outlining how the objectives of policy mesh with the mainstream view of how the economy functions. A key implication of this framework is that policy formulation must be forward-looking. The discussion then turns to the role played by economic projections in the policy process, and how the staff at the Bank of Canada develop those projections and monitor the economy. The paper concludes with a description of how unforseen developments are incorporated into the projections, and how those updates are translated by the staff into a revised set of policy options for the consideration of senior management.

Date: 1994
References: Add references at CitEc
Citations: View citations in EconPapers (17)

Downloads: (external link)
http://links.jstor.org/sici?sici=0317-0861%2819940 ... ROEPI%3E2.0.CO%3B2-E (text/html)
only available to JSTOR subscribers

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:cpp:issued:v:20:y:1994:i:2:p:189-199

Ordering information: This journal article can be ordered from
https://www.utpjournals.com/loi/cpp/

Access Statistics for this article

Canadian Public Policy is currently edited by Prof. Mike Veall

More articles in Canadian Public Policy from University of Toronto Press University of Toronto Press Journals Division 5201 Dufferin Street Toronto, Ontario, Canada M3H 5T8.
Bibliographic data for series maintained by Iver Chong ( this e-mail address is bad, please contact ).