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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Bibliographic Details

Published in:	MAGKS - Joint Discussion Paper Series in Economics (Band 41-2013)
Main Authors:	Siklos, Pierre L., Neuenkirch, Matthias
Format:	Article
Language:	English
Published:	Philipps-Universität Marburg 2013
Subjects:	committee behaviour monetary policy committees Wirtschaft central bank communication Taylor rules. shadow councils Bank of Canada Economics
Online Access:	PDF Full Text
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