With the Bank of England recently serving notice to its commercial banking sector that negative interest rates could soon be on its way,
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Tag: Monetary Policy
How the Bank of Canada Creates Money
ABSTRACT This paper provides a general understanding of the process by which the Bank of Canada (BoC) creates money through large scale asset
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On Inflation, QE, and Canada’s Fiscal Deficit
Given the recent unprecedented actions taken by both the Government of Canada and the Bank of Canada in response to the pandemic, it
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Do Banks “Spend” Reserves?
As regular readers are no doubt aware, I’ve often argued against the notion that QE operations conducted by the Bank of Canada are
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Does the Bank of Canada Need to “Unwind” its Balance Sheet?
With the recent emergency response to the COVID-19 pandemic, the Bank of Canada (BoC) has managed to expand its balance sheet in a
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