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during the Great Moderation period in the US, the euro area, the UK, Australia and Canada. We show that this is inconsistent …
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We show that the FX impact of monetary policy has been growing significantly. We use a high-frequency event study of the joint response of fixed income instruments and exchange rates to monetary policy news from seven major central banks spanning 2004-2015. News affecting short maturity bonds...
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belongs to an existing optimal currency area. The method involves assessing the predictability of regional inflation rates at … terms of inflation for operating under a common national monetary policy. For Alberta, the evidence suggests that they are … not as well served by the inflation targeting framework and that a more flexible policy environment would improve …
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, and the Bank of Canada (BoC) up to USD 10 billion in exchange for an equivalent value of their domestic currency. The …
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