February 16, 2000
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January 27, 2000
Accountability and Transparency in Canada's Monetary Policy
Public sector institutions have been undergoing significant changes over the past decade. One of the most important changes has been the move to greater accountability. Public institutions are now required to be more open and to provide more information about their operations. Or, to use the word currently in vogue, to be more “transparent.”
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December 6, 1999
The Canadian economy, productivity, and our standard of living
Over the past couple of years, there has been considerable debate about productivity and our standard of living in Canada. For the most part, the discussion of these issues has been useful, but at times it has been somewhat confusing.
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November 17, 1999
Release of the Monetary Policy Report
Opening statement
Gordon Thiessen
Good morning. The Bank of Canada has just released its tenth Monetary Policy Report. This morning, we also raised our target for the overnight interest rate by 1/4 of one percentage point to 4 3/4 per cent. This follows a similar increase yesterday in the U.S. Federal Funds rate to 5 ½ per cent. The […]
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November 2, 1999
The Challenges for Canadian Monetary Policy in the Year 2000
Remarks
Gordon Thiessen
the Greater Charlottetown Area Chamber of Commerce
Charlottetown, Prince Edward Island
Monetary policy actions take a relatively long time to affect the economy and inflation—anywhere between 12 to 24 months. Because of this, central banks must always look ahead and must put in place today the monetary conditions that are needed to help keep the economy on a sustainable path down the road. By 'sustainable' I mean a situation where economic growth and job creation are not at risk from rising inflation.
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