Monetary policy framework - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T10:40:31+00:00Bank Lending, Credit Shocks, and the Transmission of Canadian Monetary Policy
https://www.bankofcanada.ca/2003/04/working-paper-2003-9/
The authors use a dynamic general-equilibrium model to study the role financial frictions play as a transmission mechanism of Canadian monetary policy, and to evaluate the real effects of exogenous credit shocks. Financial frictions, which are modelled as spreads between deposit and loan interest rates, are assumed to depend on economic activity as well as on credit shocks.2003-04-01T11:27:17+00:00enBank Lending, Credit Shocks, and the Transmission of Canadian Monetary Policy2003-04-01Financial institutionsMonetary policy frameworkMonetary policy transmissionWorking Paper 2003-9 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp03-9.pdfBank Lending, Credit Shocks, and the Transmission of Canadian Monetary PolicyJoseph Atta-MensahAli DibApril 2003EE3E32E4E5E51