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October 23, 2002

Opening Statement before the House of Commons Standing Committee on Finance

Opening statement David Dodge House of Commons Standing Committee on Finance
The Canadian economy has been expanding strongly so far this year and is now operating fairly close to its full production capacity. Consumer price inflation has risen above the 2 per cent target and is expected to rise further before year-end because of high oil prices and a number of other relative price movements.
September 14, 2017

Workshop on Monetary Policy Framework Issues - Webcasts

This day-long workshop explores issues related to monetary policy frameworks – the role and objectives of monetary policy, the specification and effectiveness of monetary policy tools, transparency and communications, and lessons learned from other central banks – to help shape the Bank’s broader research agenda, including issues that may be relevant for the 2021 renewal of the inflation-control agreement with the Government of Canada.

More Money for Some: The Redistributive Effects of Open Market Operations

Staff working paper 2021-46 Christian Bustamante
I use a search-theoretic model of money to study how open market operations affect the conduct of monetary policy and what this means for households along the wealth distribution. In the model, households vary in the size and composition of their portfolios, which in turn implies that they may be unevenly affected by open market operations.
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