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This paper discusses instruments and operating procedures of the conduct of monetary policy in the major industrial countries. The exchange rate mechanism of the European Monetary System (EMS) provides clear evidence of the role of exchange rates in influencing monetary policy; the commitment of...
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, demographics, spillovers, and various policy proposals are accompanied by case studies focusing on Japan, South Korea, China, India … stagnation and Asia : international transmission and policy spillovers -- Japanese lessons from the past 30 years -- Japan … -- Korea -- China -- India -- Indonesia -- Speech by Obstfeld -- Monetary and exchange rate policies for sustained growth in …
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The Canadian economy was operating at close to capacity and had strong policy buffers when the COVID-19 pandemic hit. Economic and social restrictions put in place in March 2020 helped to mitigate the first wave of the virus, but they came at a significant cost. There was an unprecedented...
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