Central Bank Forward Guidance: Handle With Care is a new study that assesses the increased use and effectiveness of forward guidance by central banks—that is, providing information to the public about the projected path of their policy interest rate to shape expectations—over the last 15 to 20 years spanning the period of the Global Financial Crisis and Great Recession to the COVID-19 pandemic.
The Next Generation: Innovating to Improve Indigenous Access to Finance in Canada is a new study that finds a well-functioning Indigenous financial system is essential to promoting investment and economic development and raising living standards in Indigenous communities.
Let The Sun Shine In: Policy Transparency Improves Economic Outcomes is a new study analyzing the increased transparency at central banks and the enhanced effectiveness of monetary policy over the past half-century, and highlights useful lessons for fiscal policymakers regarding government spending and public debt.
Central Bank Forays into Unconventional Monetary Policies: Explanation, Assessment, and Implications is a new essay that documents the era of unconventional monetary policies—including Quantitative Easing and Forward Guidance—at both the US Federal Reserve and the Bank of Canada, and assesses the effectiveness of these policies with respect to their contribution to macroeconomic stability.
