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Sequencing Extended Monetary Policies at the Effective Lower Bound

15 Jul 2021

'In response to the global COVID-19 pandemic, the Bank of Canada aggressively lowered its policy interest rate and provided additional easing using forward guidance and quantitative easing. In this analysis, we use simulations in the Bank of Canada’s projection model—the Terms-of-Trade Economic Model—to consider a suite of extended monetary policies (EMPs) to support the economy following the COVID-19 crisis'--Abstract.
government politics economics economy finance recession interest rate inflation gross domestic product monetary policy science and technology banking financial services money social sciences central bank bank economic sector macro economics credit and debt financial and business service business and finance
Pages
30
Published in
Ottawa, ON, CA, Canada

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