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Ripple Effects: Oil Price Shocks and Monetary Policy

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August 30, 2016
Ripple Effects: Oil Price Shocks and Monetary Policy

August 30, 2016 – The effects of large oil price shocks on the Canadian economy are complex, as is the best response of monetary policy, but getting it wrong can be very costly, according to a new C.D. Howe Institute report. In “Ripple Effects: Oil Price Shocks and Monetary Policy,” author Steve Ambler argues that the Bank of Canada should use its main forecasting tools more explicitly in explaining its strategy in responding to oil price shocks. 

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.