October 30, 2000
Posts
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October 17, 2000
Can a Bank Change? The Evolution of Monetary Policy at the Bank of Canada 1935–2000
Over this period, there has been a fundamental transformation in the way monetary policy is conducted in Canada and in most other industrial countries. While globalization and technological change have played an important role in this area, as in so many others, they have not, to my mind, been the principal driving force behind this transformation. Far more important has been the interaction of experience and economic theory. -
Le modèle USM d'analyse et de projection de l'économie américaine
In this study, the author presents a new forecast and analysis model for the U.S. economy (i.e., the USM model) constructed at the Bank of Canada. The USM has a number of advantages over its predecessor, the VSM model.