May 17, 2012
Monetary authorities should keep an eye on money growth in the economy to help stimulate and monitor the recovery, according to a report released today by the C.D. Howe Institute. In “Money Still Talks – Is Anyone Listening?” David Laidler, Fellow-in-Residence at the Institute, makes the case for policymakers’ paying greater attention to the supply of money, to get a better fix on the economy’s condition. “Money growth isn’t the only key measure to watch, but it is unwise to ignore it,” commented Dr. Laidler, who is Emeritus Professor of Economics at the University of Western Ontario.
