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Putting Money to Work: Monetary Policy in a Low Interest Rate Environment

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November 3, 2016
Putting Money to Work: Monetary Policy in a Low Interest Rate Environment

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.

Author(s):

Steve Ambler, Professor of Economics, Université du Québec
Steve Ambler

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© 2014 C.D. Howe Institute. All Rights Reserved.

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© 2014 C.D. Howe Institute. All Rights Reserved.