May 12, 2022
Monetary policy and uncertainty
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May 3, 2022
The Bank of Canada: A matter of trust
Senior Deputy Governor Carolyn Rogers discusses how the Bank of Canada’s independence and accountability help build public trust. -
May 3, 2022
Earning the trust of Canadians
In her first speech with the Bank of Canada, Senior Deputy Governor Carolyn Rogers talks about how independence and accountability help the Bank build and maintain trust. -
Uncertainty and Monetary Policy Experimentation: Empirical Challenges and Insights from Academic Literature
Central banks face considerable uncertainty when conducting monetary policy. The COVID-19 pandemic brought this issue back to the forefront of policy discussions. We draw from academic literature to review key sources of uncertainty and how they affect the conduct of monetary policy. -
Household Heterogeneity and the Performance of Monetary Policy Frameworks
Consumption inequality and a low interest rate environment are two important trends in today’s economy. But the implications they may have—and how those implications interact—within different monetary policy frameworks are not well understood. We study the ranking of alternative frameworks that take these trends into account. -
March 3, 2022
Economic progress report: Controlling inflation
Bank of Canada Governor Tiff Macklem talks about the Bank’s latest interest rate announcement and what’s driving inflation in Canada. He also discusses how the Bank will manage the next step in the Bank’s balance sheet operations – quantitative tightening. -
March 3, 2022
Getting inflation back to target
Governor Tiff Macklem talks about the Bank of Canada’s decision yesterday to raise its policy interest rate. He explains that after two years of extraordinary stimulus, we are now on a path of rising interest rates. -
February 16, 2022
Expecting the unexpected: Central bank decision making in turbulent times
Bank of Canada Deputy Governor Tim Lane discusses how the Bank responds to uncertainty in turbulent times. -
February 16, 2022
Navigating uncharted territory
Deputy Governor Tim Lane discusses how the Bank of Canada approached decision making during the unprecedented upheaval brought on by the COVID‑19 pandemic. -
Heterogeneity and Monetary Policy: A Thematic Review
The theory that rich economic diversity of businesses and households both affects and is shaped by economy-wide fluctuations has strong implications for monetary policy. This review places these insights in a Canadian context.
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