Posts
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(Optimal) Monetary Policy with and without Debt
How should policy be designed at high debt levels, when fiscal authorities have little room to adjust taxes? Assigning the monetary authority a role in achieving debt sustainability makes it less effective in stabilizing inflation and output. -
January 26, 2021
CFEC Releases Results of October 2020 Foreign Exchange Volume Survey
The Canadian Foreign Exchange Committee (CFEC) released today the results of its October 2020 semi-annual survey of foreign exchange volumes in Canada.