Gordon Thiessen - Latest

• August 9, 1995

  Uncertainty and the transmission of monetary policy in Canada (HERMES-Glendon Lecture)

  Bank of Canada Review - Summer 1995 Gordon Thiessen

  Gordon Thiessen, Governor of the Bank of Canada, delivered the HERMES-Glendon Lecture at York University, Toronto, in March 1995. The speech focussed on the interrelationships of uncertainty and the transmission of monetary policy to the economy. It looked at how the various types of uncertainty influence the behaviour of economic actors, and at how uncertainty affects the transmission of monetary policy through the economy. The first part of the lecture outlines the Bank of Canada's view of the transmission mechanism, with considerable attention paid to the role of uncertainty. In the second part, the various ways in which the Bank has tried to reduce uncertainty are discussed. The various kinds of uncertainty that impinge on the economy and on the policy process are addressed.

  Content Type(s): Publications, Bank of Canada Review articles
• March 30, 1995

  Uncertainty and the Transmission of Monetary Policy in Canada

  Lecture Gordon Thiessen York University, Glendon College Toronto, Ontario

  Just over seven years ago, my predecessor, John Crow, delivered the Hanson Memorial Lecture at the University of Alberta. In it, he discussed a number of issues relating to the conduct of Canadian monetary policy, including the goal of monetary policy, the transmission mechanism, the use of monetary aggregates as policy guides, financial market uncertainty, and the role of the exchange rate

  Content Type(s): Press, Speeches and appearances, Lectures