Social Sciences
8 years ago

Bank of Canada's New Monetary Policy Boosts Central Bank Credibility.

SSRN Electronic Journal
The Bank of Canada's Monetary Policy Framework: Have Recent Changes Enhanced Central Bank Credibility?
Brenda González‐Hermosillo, Takatoshi Ito

Paper Summary

The Bank of Canada has changed how it manages money recently. They now focus on keeping inflation low and have made their methods more clear to everyone. This study looks at how these changes have affected people's trust in the bank.

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