Monetary Policy & Banking

— Apr 28, 2022
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The Ebb and Flow of Bank of Canada Independence

The Ebb and Flow of Bank of Canada Independence is a new study that finds for an optimal relationship between the Bank of Canada and the federal government to exist, the bank must make the costs and consequences of inflation clear to the public while the government must ensure the bank operates under their agreement that inflation targeting has in fact served Canadians well.

— Apr 14, 2022
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A Primer on Inflation

A Primer on Inflation argues that while Canada experiences its highest inflation rate in decades, the causes, consequences—and crucially, the beneficiaries—of inflation remain largely unknown to many Canadians.

— Jan 18, 2022
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The Misery Index Returns

The Misery Index Returns is a new study that finds of the International Monetary Fund’s 35 most advanced economies, Canada has the 6th worst Misery Index score due to the country’s higher inflation rate coupled with higher unemployment.

— Dec 2, 2021
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The Outlook for Inflation and Its Links to Monetary Policy

The Outlook for Inflation and Its Links to Monetary Policy finds that, absent a change in policy at the Bank of Canada, higher inflation rates may persist even after the pandemic subsides due to several factors including the country's aging population.

— May 18, 2021
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A Primer on Modern Monetary Theory

A Primer on Modern Monetary Theory is a new study that finds that if the Bank of Canada continues to finance government debt by printing money without a clear commitment to repayment—also known as Modern Monetary Theory (MMT)—it would pose enormous risks to the Canadian economy. Where MMT has been tried in the past, it has resulted in inflation, sometimes even hyper-inflation, with devastating consequences for domestic economies.

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