Neuenkirch, Matthias; Siklos, Pierre - In: Open Economies Review 25 (2014) 5, pp. 819-839
<Para ID="Par1">We examine the record of the CD Howe’s shadow Monetary Policy Council (SMPC) in Canada. We report a considerable diversity of opinion about the recommended future path of interest rates inside the SMPC. During the period of Bank of Canada forward guidance, market determined forward rates...</para>