Speeches and Presentations
David Dodge, former Governor of the Bank of Canada, presented his views on the appropriate balance of monetary and fiscal policies for a slow-growth global economy on December 2nd at a C.D. Howe Institute luncheon. In his remarks, entitled “The Role of Macro-Economic Policies in an Era of Global Economic Stagnation,” Dodge noted: “We are stuck in a low-growth global economy characterized by excess supply and low inflation, a low natural interest rate, low productivity growth, and current account imbalances.”
What to do?
Dodge concluded: “At the present time, both price and financial stability would be better served by somewhat higher policy interest rates – rates that would not imply a sacrifice of employment…
Richard W. Fisher, President & CEO of the Federal Reserve Bank of Dallas, delivered the 2013 Directors’ Lecture in Toronto on June 4, 2013.
Mr. Fisher is a member of the critical Federal Open Market Committee (FOMC), chaired by Ben Bernanke, which serves as the Federal Reserve System’s official monetary-policy making body. Mr. Fisher has been outspoken in his views on U.S. monetary policy, quantitative easing, “too-big-to fail” banks and what should be done about them. Fisher also has deep insight in the areas of trade and international economic policy. This is a rare opportunity for Canadians to hear a US policy leader present an insider’s perspective on Federal Reserve debates that are shaping monetary policy at home and…
In an address to a recent C.D. Howe Institute Monetary Policy Conference, economist Don Drummond recommended improvements to Canada’s inflation control regime when the relevant agreement between the Bank of Canada and the Government is renewed in 2011.
Annual Sylvia Ostry Lecture: What kind of a world economy do we want to create?