About the C.D. Howe Institute

The C.D. Howe Institute is an independent not-for-profit research institute whose mission is to raise living standards by fostering economically sound public policies. Widely considered to be Canada's most influential think tank, the Institute is a trusted source of essential policy intelligence, distinguished by research that is nonpartisan, evidence-based and subject to definitive expert review.

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Monetary Policy

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This research concerns central banking, its goals such as controlling inflation, the tools used to reach them such as policy  interest rates, related indicators such as the growth of money and credit; and the role central banks play in supervising and providing liquidity to financial markets. In addition to this research, the Institute's Monetary Policy Council provides a regular independent assessment of the appropriate stance of Canadian monetary policy as the Bank of Canada pursues its 2 percent inflation target.

Spendthrifts and Savers: Are Canadians Acting Like they are “House Poor” or “House Rich”?
June 6, 2017 - Jeremy Kronick
House rich, big-spending Canadians are taking a gamble on the risk of an economic shock in Canada, according to a new report from the C.D. Howe Institute. In Spendthrifts and Savers: Are Canadians...
Putting Money to Work: Monetary Policy in a Low Interest Rate Environment
November 3, 2016 - Steve Ambler
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...
Ripple Effects: Oil Price Shocks and Monetary Policy
August 30, 2016 - Steve Ambler
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....
Taking the Economic Pulse: An Improved Tool to Help Track Economic Cycles in Canada
July 26, 2016 - Jeremy Kronick
A new business cycle measurement developed by a C.D. Howe analyst provides further evidence that there was no recession in 2015, according to a new Institute report. In “Taking the Economic Pulse: An...
Toward the Next Renewal of the Inflation-Control Agreement: Questions Facing the Bank of Canada
June 29, 2016 - Steve Ambler
The Bank of Canada should not squander its hard-won credibility by increasing its target rate of inflation, says a new report from the C.D. Howe Institute. In “Toward the Next Renewal of the...
Mounting Evidence: Findings from Natural Experiments in Inflation Targeting
March 31, 2016 - Michael Parkin
International evidence shows the wide economic benefits of inflation targeting, says a ground-breaking C.D. Howe Institute report. In “Mounting Evidence: Findings from Natural Experiments in...
Harvey Naglie - The New Capital Markets Securities Regulator Is Not Investor Friendly
Intelligence Memos
From: Harvey Naglie To: Canadian Stock Market Regulators Date: September 20, 2017 Re:  The New Capital Markets Securities Regulator Is Not Investor Friendly The federal government together with five...
Kronick and Muthukumaran - Look Ma, We’ve Brought Back the Diffusion Index
Intelligence Memos
To:  Bank of Canada Governing Council From:  Jeremy Kronick and Ramya Muthukumaran Date: September 18, 2017 Re: Look Ma, We’ve Brought Back the Diffusion Index One of the big puzzles for inflation-...
Bank of Canada fuelling uncertainty with poor messaging on rates: Globe and Mail Op-Ed
Op-Ed
Before Wednesday's Bank of Canada interest-rate hike, financial markets had priced in only a 50-50 chance of such a move. This means that half the market believed the bank would hold rates steady,...
Un pour cent? Vraiment? Ce que la théorie économique moderne laisse présager quant au rendement futur des investissements
Research
Les épargnants et les caisses de retraite doivent faire face à des rendements futurs inférieurs sur leurs investissements, affirme une nouvelle étude d’Institut C.D. Howe. Dans « Un pour cent?...
28 Nov 2016
Nov
28
  • Stephen S. Poloz, Governor of the Bank of Canada
Annual Benefactors' Lecture and Dinner - The Ascent of Services and the Rise of Canada’s New Economy
Toronto, 75 Lower Simcoe Street
Monday, November 28, 2016, 6:00 pm to 9:00 pm
03 Nov 2016
Nov
03
  • Inside Access: Monetary Policy in a Low Interest Rate Environment
Call with Steve Ambler, Professor of Economics, Université du Québec à Montréal
Conference Call
Thursday, November 3, 2016, 3:00 pm to 3:30 pm
19 Sep 2016
Sep
19
  • Uncharted Territory: Negative Interest Rates in Canada
David Laidler Lecture with Toni Gravelle, Thorsten Koeppl, and Craig Wright
Toronto, 67 Yonge Street, Suite 300
Monday, September 19, 2016, 12:00 pm to 1:30 pm
Sponsored by:
RBC Capital Markets

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

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