We use narrative evidence along with a novel database of real-time data and forecasts from the Bank of Canada's staff … monetary policy in Canada. We show that it is crucial to take into account the break in the conduct of monetary policy caused …

We examine the evolution of monetary policy rules in a group of inflation targeting countries (Australia, Canada, New … high inflation, such as in the UK or Australia at the beginning of the 1980s. Contrary to common wisdom, the response …

,rather than exchange rate regimes and questions of policy credibility and political accountability are crucial. Canada's recent … performance are assessed. The most economically attractive among alternative monetary orders, the adoption by Canada of the US … politically attainable. Intermediate arrangements are unattractive and clearly inferior to Canada's current monetary order. …

three countries that adopted inflation targets in the early 1990s: The United Kingdom, Canada, and New Zealand. For all … in counter-inflationary conservatism. The results for Canada are less clear, perhaps reflecting the broader fiscal and …

In Canada, COVID-19 pandemic triggered exceptional monetary policy interventions by the central bank, which in March … 2020 made multiple unscheduled cuts to its target rate. In this paper we assess the extent to which Bank of Canada … changed after target rate cuts. Bank of Canada was effective in lowering the whole yield curve and correcting the inverted …