Monetary Policy & Banking

The Outlook for Inflation and Its Links to Monetary Policy

— Dec 2, 2021

The Outlook for Inflation and Its Links to Monetary Policy finds that, absent a change in policy at the Bank of Canada, higher inflation rates may persist even after the pandemic subsides due to several factors including the country's aging population.

Recent Monetary Policy & Banking Commentaries and Blog Posts

Federal government should take accountability lessons from the Bank of Canada

Lawrence Schembri, Steven Globerman

Appeared in the Financial Post, August 18, 2023

The government's debt-to-GDP ratio has risen consistently since 2015.

Higher interest rates—the effects on Canadians today and tomorrow

Livio Di Matteo

Even after inflation is brought to heel, Canadians should not expect interest rates to return to pre-pandemic levels.

Rising prices at the grocery store—it’s complicated

Jock Finlayson

Appeared in the Ottawa Sun, May 10, 2023

In March, food prices were 9 per cent higher than a year earlier.

Outlook for interest rates remains uncertain while governments rack up more debt

Lawrence Schembri, Steven Globerman

Appeared in the Financial Post, March 30, 2023

By 2028, the federal government will add a projected $131.8 billion in debt.

Don’t raise the Bank of Canada’s 2% inflation target

Lawrence Schembri, Steven Globerman

Appeared in the Globe and Mail, March 9, 2023

Reductions in purchasing power tend to be concentrated among lower-income workers.

Bank of Canada adopts transparency reforms but still lags behind other central banks

Lawrence Schembri, Steven Globerman

Appeared in the Financial Post, January 11, 2023

Other central banks publish a projected interest rate path consistent with their economic outlook—not so in Canada.

Bank of Canada must stay aggressive to tame inflation

Livio Di Matteo

Ottawa is spending nearly one-third more than it was in 2019 before the pandemic.

Nobel Prize awarded to supporters of central banking

David R. Henderson

Bernanke chose to pay interest on bank reserves, which caused banks to hold onto reserves rather than lend them out.

Monetary Policy & Banking Research Experts

John Chant

Professor Emeritus of Economics, Simon Fraser University
Philip Cross

Senior Fellow, Fraser Institute
Douglas Cumming

Distinguished Professor of Finance and Entrepreneurship, Florida Atlantic University
Jock Finlayson

Senior Fellow, Fraser Institute
Steven Globerman

Senior Fellow and Addington Chair in Measurement, Fraser Institute
Herbert Grubel

Professor Emeritus of Economics, Simon Fraser University
Jerry Jordan

President, Pacific Academy for Advanced Studies
Stephen Kirchner

Senior Fellow, Fraser Institute
Jean-Luc Migué

Professor Emeritus in Economics, École nationale d'administration publique
Lawrence Schembri

Senior Fellow, Fraser Institute
Michael Walker

Fraser Institute Founder and Honorary Director

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Monetary Policy & Banking

The Outlook for Inflation and Its Links to Monetary Policy

Monetary Policy & Banking Research Experts