Canada’s Wilkins calls for improved macro frameworks
Bank of Canada deputy highlights importance of better models and improved data
The Bank of Canada is exploring new sources of microdata as it aims to better understand the financial stability impact of monetary policy.
According to Carolyn Wilkins, the central bank’s deputy governor, central banks around the world are still trying to integrate financial stability considerations into monetary policy.
Improving macro-prudential policy frameworks through a better understanding of how the tools operate, is one way to better understand the interlinkages, she said.
“We are
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