Explainers

• December 24, 2021

  Understanding the output gap

  The output gap is the difference between what an economy actually produces and what it would produce in an ideal world.

  Content Type(s): Explainers Research Topic(s): Productivity
• December 24, 2021

  Understanding productivity

  High productivity helps raise our standard of living and keep our economy competitive.

  Content Type(s): Explainers Research Topic(s): Productivity
• May 19, 2021

  Understanding the consumer price index

  The consumer price index (CPI) tracks how much the average Canadian household spends, and how that changes over time. At the Bank of Canada, we use it to target inflation.

  Content Type(s): Explainers Research Topic(s): Inflation and prices, Inflation targets
• April 5, 2021

  Understanding how monetary policy works

  It takes time for our policy decisions to filter—or be transmitted—through the economy and financial system.

  Content Type(s): Explainers Research Topic(s): Monetary policy