Donna Howard

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Staff Discussion Papers

The Implementation of Monetary Policy in Canada

Staff Discussion Paper 2008-9 Walter Engert, Toni Gravelle, Donna Howard
The authors present a detailed discussion of the Bank of Canada's framework for the implementation of monetary policy. As background, they provide a brief overview of the financial system in Canada, including a discussion of the financial services industry and the money market.

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Technical Reports

From Monetary Policy Instruments to Administered Interest Rates: The Transmission Mechanism in Canada

Technical Report No. 69 Kevin Clinton, Donna Howard
The authors investigate interest-rate aspects of the transmission mechanism of monetary policy instruments in Canada, focussing on the stability of the relationships between some key interest rates and the instruments of monetary policy. To determine what shifts may have occurred in recent years, they describe movements in rate differentials, apply cointegration tests and estimate error-correction […]
Content Type(s): Staff research, Technical reports Topic(s): Transmission of monetary policy JEL Code(s): E, E5, E52

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