Why must the Bank of Canada decide to target either the interest rate or the monetary base?
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Why must the Bank of Canada decide to target either the interest rate or the monetary base? Why can’t the Bank of Canada determine acceptable values for both and then use open market operations to hit both targets?
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The Bank of Canada cannot target both the interest rate and the monetary base because changes in the ...View the full answer
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Related Book For
Macroeconomics Canada In The Global Environment
ISBN: 9780321931207
9th Edition
Authors: Michael Parkin, Robin Bade
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