How Monetary Policy is Made: Two Canadian Tales

How Monetary Policy is Made: Two Canadian Tales

This paper examines the policy rate recommendations of the Bank of Canada’s Governing Council (GC) and the C.D. Howe Institute’s Monetary Policy Council (MPC) since 2003. We find, first, that differences in the median recommendations between the MPC and the GC are persistent but small (i.e., 25 bps)...

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Veröffentlicht in:MAGKS - Joint Discussion Paper Series in Economics (Band 41-2013)
Autoren: Siklos, Pierre L., Neuenkirch, Matthias
Format: Artikel
Sprache:Englisch
Veröffentlicht: Philipps-Universität Marburg 2013
Schlagworte:
Wirtschaft
monetary policy committees
shadow councils
committee behaviour
central bank communication
Taylor rules.
Bank of Canada
Economics
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