Given the recent unprecedented actions taken by both the Government of Canada and the Bank of Canada in response to the pandemic, it
Continue reading
Tag: Monetary Policy
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
Continue reading
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
Continue reading
Modern Monetary Theory in Canada
Modern Monetary Theory (MMT) is a controversial economic theory that has recently been garnering renewed support in Canada and many other developed countries
Continue reading
Are You Ready For Negative Interest Rates?
While most Canadians today are unlikely to be familiar with the concept of negative interest rates, it is a policy that is likely
Continue reading