Web Links

How Monetary Policy Works
(http://www.bank-banque-canada.ca/english/monetary/index.htm)

This Bank of Canada site gives a common-sense description of how monetary policy works in the Canadian economy.

The Monetary Policy Report
(http://www.bank-banque-canada.ca/english/mprsum.htm)

This semi-annual publication from the Bank of Canada gives the Bank's own detailed rationale for its recent monetary policy actions, and gives some hint of what it expects to do in the near future. (Adobe Acrobat required.)

The Federal Reserve
(http://www.federalreserve.gov/general.htm)

Canadian monetary conditions are heavily influenced by the actions of the American central bank, the Federal Reserve. The factors shaping American monetary policy, as well as the complex institutional arrangements that underlie this policy, are outlined at this official site.

Milton Friedman
(http://www.nobel.se/economics/laureates/1976/friedman-autobio.html)

This site includes an autobiography and summary of the research that won Milton Friedman the 1976 Nobel prize in Economics.

The Benefits of Low Inflation
(http://www.bank-banque-canada.ca/english/backgrounders/bg-i2.htm)

This online primer from the Bank of Canada outlines the Bank's own reasons for stressing low inflation as its main policy target.

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