Monetary Policy in the Age of COVID-19
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As the COVID-19 pandemic drives the economy into recession, the U.S. Federal Reserve responded with aggressive monetary policy measures by decreasing interest rates and committing trillions of dollars to rescue financial markets. This raised concerns around the world, with economies being forced to adopt the Fed’s playbook. Join the C.D. Howe Institute’s webinar on June 11 to hear Greg Ip, Chief Economics Commentator at The Wall Street Journal examine the economic implications of such policy response on the road to an eventual recovery and David Dodge, Senior Advisor, Bennett Jones LLP; Former Governor, Bank of Canada, provide comments on his remarks.
C.D. Howe Institute events and webinars are open to members and their guests.
David Dodge, Senior Advisor, Bennett Jones LLP; Former Governor, Bank of Canada
A native of Toronto, Mr. Dodge received a bachelor’s degree (honours) from Queen’s University, and a PhD in economics from Princeton.
During his academic career, he taught economics at Queen’s University; at the School of Advanced International Studies, Johns Hopkins University; at the Faculty of Commerce at the University of British Columbia; and at Simon Fraser University. He also served as Director of the International Economics Program of the Institute for Research on Public Policy. Mr. Dodge has been awarded honorary degrees from a number of Canadian universities. In 2009, he was elected a fellow of the Royal Society of Canada.
During a distinguished career in the federal public service, Mr. Dodge held senior positions in the Central Mortgage and Housing Corporation, the Anti-Inflation Board, and the Department of Employment and Immigration. After serving in a number of increasingly senior positions at the Department of Finance, including that of G-7 Deputy, he was Deputy Minister of Finance from 1992 to 1997. In that role, he served as a member of the Bank of Canada’s Board of Directors.
In 1998 he was appointed Deputy Minister of Health, a position he held until his appointment as Governor of the Bank of Canada.
Mr. Dodge, appointed Governor of the Bank of Canada, effective 1 February 2001 for a term of seven years, retired on 31 January 2008. From July 2008 to June 2014, he served as Chancellor of Queen’s University. From 2009 to 2015, he was a member of the board of directors of Canadian Utilities Limited, ATCO Limited and the Bank of Nova Scotia.
Mr. Dodge is Senior Advisor at Bennett Jones LLP one of Canada’s leading law firms. He also serves on the board of the Canadian Institute for Advanced Research, and Chairs the National Council of the C.D. Howe Institute.
Greg Ip, Chief Economics Commentator, The Wall Street Journal
Greg Ip is chief economics commentator for The Wall Street Journal. He writes about U.S. and global economic developments and policy in the weekly Capital Account column and on Real Time Economics, the Wall Street Journal’s economics newsletter. From 2008 to January, 2015, he was U.S. economics editor for The Economist, based in Washington, D.C. Greg has won or shared in several prizes for journalism. He is the author of “The Little Book of Economics: How the Economy Works in the Real World” (Wiley, 2010) and “Foolproof: Why Safety Can Be Dangerous and How Danger Makes Us Safe,” (Little, Brown, 2015). A native of Canada, Mr. Ip received a bachelor’s degree in economics and journalism from Carleton University in Ottawa, Ontario.