Canada's Longworth on monetary policy, uncertainty

In a speech on 'Monetary Policy and Uncertainty' given on 23 August, David Longworth of the Bank of Canada discusses various types of uncertainty and how the Bank of Canada deals with them in conducting monetary policy.

Mr Longworth begins with a brief discussion of how a central bank can mitigate the uncertainty that it might create itself, by establishing a clear policy objective and a coherent, transparent framework for pursuing that objective.

He goes on to talk about two specific areas of

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