central bank

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

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

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Nobel Prize awarded to supporters of central banking

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

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Independent central bank may be only defense against Ottawa’s ‘crisis’ management

The central bank has acknowledged that it underestimated the inflationary effects of its actions.

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Central bank ‘equity’ quest raises questions about non-traditional monetary tools

Central banks may direct chartered banks to increase lending to borrowers from underrepresented communities.

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Governments and central bankers may have paved way for severe pain in near future
Governments around the world—including Canada—have injected an enormous amount of liquidity into the financial system.

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Learn from ‘Nixon shock’—control central bankers, limit ability to debase currency

President Nixon ended the convertibility of the U.S. dollar into gold.

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Modern Monetary Theory, Part 4: MMT and quantitative easing

Since the 2008-2009 financial crisis, central banks in Canada and elsewhere have pursued quantitative easing.