Jenkins, Paul; O'Reilly, Brian - Center for the Study of Living Standards (CSLS); The …
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 …