Donna Howard

Author

Staff discussion papers

The Implementation of Monetary Policy in Canada

Staff Discussion Paper 2008-9 Walter Engert, Toni Gravelle, Donna Howard
The authors present a detailed discussion of the Bank of Canada's framework for the implementation of monetary policy. As background, they provide a brief overview of the financial system in Canada, including a discussion of the financial services industry and the money market.
Content Type(s): Staff research, Staff discussion papers Topic(s): Financial institutions, Financial markets, Monetary policy implementation, Payment clearing and settlement systems JEL Code(s): E, E5, E52, E58, G, G2, G21

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Technical reports

From Monetary Policy Instruments to Administered Interest Rates: The Transmission Mechanism in Canada

Technical Report No. 69 Kevin Clinton, Donna Howard
The authors investigate interest-rate aspects of the transmission mechanism of monetary policy instruments in Canada, focussing on the stability of the relationships between some key interest rates and the instruments of monetary policy. To determine what shifts may have occurred in recent years, they describe movements in rate differentials, apply cointegration tests and estimate error-correction […]
Content Type(s): Staff research, Technical reports Topic(s): Monetary policy transmission JEL Code(s): E, E5, E52

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Bank publications

Bank of Canada Review articles

November 11, 1998

A primer on the implementation of monetary policy in the LVTS environment

Bank of Canada Review - Autumn 1998 Donna Howard
The author summarizes the objectives and key elements of the framework that the Bank will use to implement monetary policy under the new payments system. The article includes a comparison of the key features of the pre-LVTS framework with that to be used in the LVTS environment. It also features a glossary of terms with respect to the Bank's monetary policy operations.
Content Type(s): Publications, Bank of Canada Review articles Topic(s): Monetary policy implementation, Payment clearing and settlement systems

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