The Choice of Monetary Policy Instruments in Canada

This paper clarifies some issues involved in choosing monetary instruments by the Bank of Canada. The analysis generalizes Poole's model and considers the effect on income stability of controlling the interest rate, bank reserves or the exchange rate. The conclusions support using the interest rate as the instrument in the short run to achieve target growth rates of the money supply.

MoreLess

Year of publication:	1979
Authors:	Sparks, Gordon R.
Institutions:	Economics Department, Queen's University

More details

Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	2 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005653211