Suppose that a new Bank of Canada governor is appointed, and his or her approach to monetary

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Suppose that a new Bank of Canada governor is appointed, and his or her approach to monetary policy can be summarized by the following statement: “I care only about increasing employment; inflation has been at very low levels for quite some time; my priority is to ease monetary policy to promote employment.” How would you expect the monetary policy curve to be affected, if at all?

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The Economics of Money Banking and Financial Markets

ISBN: 978-0321785701

5th Canadian edition

Authors: Frederic S. Mishkin, Apostolos Serletis

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