Studies

 

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Monetary Policy in Canada: Time for Change

Canada has mostly low and stable inflation rate since introduction of the inflation targeting monetary framework in 1991. That is why there is hardly any review of the macroeconomic consequences of this framework in Canada. Present study questions the role of monetary policy in general and inflation targeting in particular with the help of important issues related with it and concludes that it is high time for a change. An irony of the inflation targeting is that price stability has amazingly been achieved in Canada simultaneously with the over-leveraged financial system and over-exposed economy (to the debt and assets). And also, low policy rate regime under the framework has not been able to stop the investment from decline and the real economy from stagnation.

 

 

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Canada’s Household Debt Mess – What has Caused It?

This study finds that several factors at macro and financial sector level are responsible for the households’ debt mess. Debtors can be blamed for borrowing too much, however financial organizations are also responsible for lending that much, and above all the government and regulatory authorities, too, accountable for letting an excessive borrowing-lending happen in the economy.

 

 

 

 

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Too Big CEO Compensation = Too Little Social Responsibility

Study finds that it is not only the big amount of the CEO pays, but also the process and the impact, all reflect the socially irresponsible behavior on the part of CEOs.

 

 

 

 

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