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Bank of Canada RSS Feedsen2024-03-28T19:31:22+00:00Canada's Pioneering Experience with a Flexible Exchange Rate in the 1950s: (Hard) Lessons Learned for Monetary Policy in a Small Open Economy
https://www.bankofcanada.ca/2007/08/working-paper-2007-45/
This paper revisits Canada's pioneering experience with floating exchange rate over the period 1950–1962. It examines whether the floating rate was the best option for Canada in the 1950s by developing and estimating a New Keynesian small open economy model of the Canadian economy.2007-08-04T11:31:35+00:00enCanada's Pioneering Experience with a Flexible Exchange Rate in the 1950s: (Hard) Lessons Learned for Monetary Policy in a Small Open Economy2007-08-04Economic modelsExchange ratesWorking Paper 2007-45 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp07-45.pdfCanada’s Pioneering Experience with a Flexible Exchange Rate in the 1950s: (Hard) Lessons Learned for Monetary Policy in a Small Open EconomyMichael BordoAli DibLawrence L. SchembriAugust 2007EE3E32E37FF3F31F32NN1