We study the effects of the CEGEP innovation of the late 1960s in the province of Quebec on total years of schooling based on a difference-in-difference methodology applied to the microdata from the 20% sample of the 2001 Canadian Census long form. Eight demographic groups are investigated,...

This background paper was prepared for the Bank of Canada conference on the 2021 renewal of the inflation-control agreement between the Bank and the Government of Canada held online in August 2020. The first part of the paper focuses on the fact that the room for conventional monetary stimulus...