by Christopher Ragan

Introduction

  1. The Economy and Economic Policy
    • 1.1 What is monetary policy?
    • 1.2 Why focus on inflation?
  2. Canada's Inflation Performance, and Why It Matters
    • 2.1 Inflation and uncertainty
    • 2.2 Why inflation uncertainty matters
  3. Stability in Canada's Output, and Why It Matters
    • 3.1 Has Canadian output growth become more stable?
    • 3.2 Why stable output growth is desirable
    • 3.3 Good policy or just good luck?
  4. Monetary Policy: How It Works, and What It Takes
    • 4.1 The transmission mechanism of monetary policy
    • 4.2 Time and uncertainty
    • 4.3 Monetary policy faces two types of uncertainty
    • 4.4 Good information, and plenty of it
  5. Final Remarks

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