As regular readers are no doubt aware, I’ve often argued against the notion that QE operations conducted by the Bank of Canada areContinue reading
Tag: Monetary Policy
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 aContinue 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 countriesContinue 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 likelyContinue reading
The “Debt Monetization” Myth
With the recent turmoil in the repo market, the Federal Reserve has once again stepped into the fray and announced a new program of QuantitativeContinue reading