The Bank of Canada's policy objective is a 2 per cent target for total ... Economists call this chain of developments the transmission mechanism. My focus here is on the first link in that chain. With ...

Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate This paper examines the impact of a monetary policy shock on output, prices, ...

Cloyne, James, Clodomiro Ferreira, and Paolo Surico. 2020. "Monetary Policy When Households Have Debt: New Evidence on the Transmission Mechanism." Review of Economic Studies 87 (1): 102–29. Coibion, ...

The IMF working paper explores how financially constrained firms are more attentive to economic conditions and react ...

We study the two-way relationship between fixed-rate mortgages (FRMs) and monetary policy in a panel of up to 35 countries over the last two decades. The dataset includes quarterly information on the ...

This module covers monetary theory and monetary policy. It presents several economic ... of economic analysis to the conduct of central banks and to the mechanisms underlying the monetary transmission ...

the dynamics of underlying inflation and the strength of monetary policy transmission. The disinflation process is well on track. Inflation has continued to develop broadly in line with the staff ...

Bangladesh Bank should adopt an accommodative monetary policy instead of an ultra-tight monetary policy, as recommended by the task force on re-strategising the economy and mobilising resources for ...