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October 27, 2010

The Bank of Canada should pay closer attention to the effects of money and credit growth on inflation and asset markets, according to a study released today by the C.D. Howe Institute. In Putting Money Back into Monetary Policy: A Monetary Anchor for Price and Financial Stability, authors Dr. David Laidler, Fellow-in-Residence and member of the C.D. Howe Institute’s Monetary Policy Council and Philippe Bergevin, C.D. Howe Institute Policy Analyst, propose that the Bank of Canada should begin to calculate and publish a “reference value” for broad money growth.

David Laidler

David Laidler has been a Scholar in Residence at the C.D. Howe Institute since 1990 and a Fellow in Residence since 1999, in addition to the Canadian Bankers Association Fellow from 2000-2003.

He received his B.Sc. Econ from the London School of Economics, his M.A. (Economics) from the University of Syracuse and his Ph.D. (Economics) from the University of Chicago.