In their new book “Navigating Turbulence: Canadian Monetary Policy Since 2004,” authors Steve Ambler and Jeremy Kronick assess the Bank of Canada’s policies from 2004, through the turbulence of the 2008-09 recession, the recovery and up to the current period. Overall, they give the Bank high marks for its stewardship. However, the Bank faces key new challenges posed by the current low-interest-rate, low-inflation environment that require response, according to the authors.
The book is available at the Renouf Online Bookstore at https://www.renoufbooks.com/bookstore/bookstore.aspx?c=bookstore&m=bd&l=nl&i=123954 .