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November 3, 2016

Expanding the money supply is the best option for the Bank of Canada in a low interest rate environment, states a new report from the C.D. Howe Institute. In “Putting Money to Work: Monetary Policy in a Low Interest Rate Environment,” author Steve Ambler suggests that it should use quantitative easing (QE) to increase the broad money supply, on a longer term rather than a temporary basis, to encourage spending on goods and services by individuals and firms.

Steve Ambler
Steve Ambler

Professor Steve Ambler taught at l’École des sciences de la gestion de l’Université du Québec à Montréal (ESG UQAM) from 1985-2020, and chaired the Department from 2012-2015.