The effectiveness of the interest rate channel in the conduct of monetary policy, and the relationship between long-term and short-term interest rates in the Canadian context

Wen, Zhu2013-08-272013-08-2720042004http://hdl.handle.net/10393/25221The aim of this paper is to investigate whether the Bank of Canada has been successful in conducting monetary policy through one of the most important channels of transmission mechanism - the interest rate transmission channel- specially after the mid-199enThe effectiveness of the interest rate channel in the conduct of monetary policy, and the relationship between long-term and short-term interest rates in the Canadian context