Relying on quarterly data since 1998 we estimate, for China and the U.S., small scale econometric models that economize on the number of variables employed and yet are rich enough to provide useful insights about spillover effects between the two countries under different maintained assumptions...

Relying on quarterly data since 1998 we estimate, for China and the U.S., small scale econometric models that economize on the number of variables employed and yet are rich enough to provide useful insights about spillover effects between the two countries under different maintained assumptions...

We examine policy rate recommendations of the Bank of Canada's Governing Council (GC) and its shadow, the C.D. Howe Institute's Monetary Policy Council (MPC). Individual recommendations of the MPC are observed but not those of the GC. Differences in the two committee's recommendations are small...

This paper deals with two interrelated issues. First, how has the international experience with monetary policy changed over the past decade or so? The present Commentary considers the consequences of the spread of inflation control regimes worldwide in shaping where Canada goes from here after...

This paper examines the inflation record of 29 inflation and non inflation targeting economies. Both industrial and emerging market economies are considered. Empirical evidence is based on a comparison of actual and forecasted inflation, an econometric analysis that estimates changes in...