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The Seductive Myth of Canada’s "Overvalued" Dollar

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June 25, 2013

A confluence of factors promises to put pressure on the new Bank of Canada governor to direct monetary policy at fixing Canada’s so-called “overvalued” currency, according to a report released today by the C.D. Howe Institute.  But in “The Seductive Myth of Canada’s “Overvalued” Dollar,” author Christopher Ragan provides two strong arguments against doing so: the importance of the Bank’s focus on inflation, and the weakness of the “overvalued” dollar argument. 

 

Author(s):

Christopher Ragan, Associate Professor of Economics, McGill University
Christopher Ragan

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