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 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 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 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 Topic(s): Monetary policy

Corporate governance