In recent years, there has been a lot of interest in Taylor-type rules. Evidence in the literature suggests that Taylor-type rules are optimal in a number of models and are fairly robust across different models. The reaction function in the Bank of Canada's Quarterly Projection Model (QPM) is an...

In November 2006, the Bank of Canada announced its intention to lead a concerted research program over the next few years on the type of monetary policy framework that would best contribute to the economic well-being of Canadians in the decades ahead. The research will focus on two broad...

This paper examines the impact of the variability of the Canadian dollar effective exchange rate on the volumes and prices of Canadian trade during the recent floating exchange rate regime. The effects of two distinct types of variability on total trade flows, as well as on trade disaggregated...