Monetary Policy and the Economic Well-being of Canadians
In this chapter, Paul Jenkins and Brian O'Reilly survey the monetary policy developments in the 1990s, focusing on links between monetary policy and the economic well-being of Canadians. The Bank of Canada economists do admit that tight monetary policy in the early 1990s hurt growth in the short-term, but they argue that such action was necessary to ratchet down entrenched inflationary expectations. Moreover, they argue that stagnation in the early part of the decade was not simply the result of monetary policy, but also reflected a weak US economy and structural problems in the Canadian economy.
Authors: | Jenkins, Paul ; O'Reilly, Brian |
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Other Persons: | Sharpe, Andrew (contributor) ; Director, Executive (contributor) ; Keith Banting, Director (contributor) |
Institutions: | Center for the Study of Living Standards (CSLS) ; The Institutute for Research on Public Policy ; France St-Hilaire, Vice-President , Research (contributor) |
Subject: | Monetary Policy | Inflation | Inflation Reduction | Inflation Policy | Growth | Recession | Well-being | Wellbeing | Well Being | Canada |
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freely available
Extent: | application/pdf |
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Series: | |
Type of publication: | Article |
Language: | English |
Classification: | E52 - Monetary Policy (Targets, Instruments, and Effects) ; E63 - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization ; E31 - Price Level; Inflation; Deflation ; O51 - U.S.; Canada ; O40 - Economic Growth and Aggregate Productivity. General |
Source: |
Persistent link: https://www.econbiz.de/10005481816
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