Navigating Turbulence: Canadian Monetary Policy Since 2004

Navigating Turbulence: Canadian Monetary Policy Since 2004, by Steve Ambler and Jeremy Kronick, Renouf Publishing Co., Ltd., ISBN: 978-0-88806-852-1, December 2018

C.D. Howe Institute Policy Study 47

344 Pages Posted: 20 Dec 2018

See all articles by Steve Ambler

Steve Ambler

University of Quebec at Montreal (UQAM) - Centre de recherche sur l'emploi et les fluctuations économiques (CREFÉ)

Jeremy Kronick

C.D. Howe Institute

Date Written: December 4, 2018

Abstract

The Bank of Canada should restore the important role of tracking the money supply as a predictor of future inflation and economic performance, according to a major new book on the conduct of monetary policy from the C.D. Howe Institute.

In “Navigating Turbulence: Canadian Monetary Policy Since 2004,” authors Steve Ambler and Jeremy Kronick assess the BoC’s policies from 2004, through the turbulence of the 2008/09 recession, the recovery and up to the current period. Overall, they give the Bank high marks for its stewardship. However, the Bank faces key new challenges posed by the current low-interest-rate, low-inflation environment that require response, according to the authors.

Keywords: Monetary Policy

JEL Classification: A33; E52: E58

Suggested Citation

Ambler, Steve and Kronick, Jeremy, Navigating Turbulence: Canadian Monetary Policy Since 2004 (December 4, 2018). Navigating Turbulence: Canadian Monetary Policy Since 2004, by Steve Ambler and Jeremy Kronick, Renouf Publishing Co., Ltd., ISBN: 978-0-88806-852-1, December 2018 ; C.D. Howe Institute Policy Study 47. Available at SSRN: https://ssrn.com/abstract=3297640 or http://dx.doi.org/10.2139/ssrn.3297640

Steve Ambler (Contact Author)

University of Quebec at Montreal (UQAM) - Centre de recherche sur l'emploi et les fluctuations économiques (CREFÉ) ( email )

P.O. Box 8888, Downtown Station
Montreal, Quebec H3C 3P8
Canada
514-987-3000 ext. 8372 (Phone)
514-987-8494 (Fax)

Jeremy Kronick

C.D. Howe Institute ( email )

67 Yonge St., Suite 300
Toronto, Ontario M5E 1J8
Canada

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