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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Gepubliceerd in:MAGKS - Joint Discussion Paper Series in Economics (Band 41-2013)
Hoofdauteurs: Siklos, Pierre L., Neuenkirch, Matthias
Formaat: Artikel
Taal:Engels
Gepubliceerd in: Philipps-Universität Marburg 2013
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