A discussion regarding Canada's monetary policy as determined by the Bank of Canada.
Written in 2006; 2,025 words; 2 sources; $ 80.95
Paper Summary:
This paper reviews the topic of interest and inflation, looking at the bank of Canada as an institution, the fisher model and overnight interest rates.
From the Paper:
"The Bank of Canada Canada's monetary policy is determined by a Central bank known as the Bank of Canada. The Bank of Canada is a partially independent institution that is responsible for controlling the money supply in Canada (Mankiw and Scarth 171). The Bank of Canada's day to day operations are controlled by the Governor of the Bank of Canada. However, ultimate control of Canada's monetary policy is determined by the federal cabinet. In essence the Finance Minister collaborates with the Governor of the Bank of Canada. The Finance Minster relays the government's wishes to the Governor of the Bank of Canada."
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