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Bank of Canada Review

Summer 2002

Index of Working Papers | Index of Technical Reports
Title Monetary Policy and Uncertainty
Author(s) Paul Jenkins and David Longworth
Type Bank of Canada Review article
Date of
Summer 2002
Language English
Abstract Central banks must cope with considerable uncertainty about what will happen in the economy when formulating monetary policy. This article describes the different types of uncertainty that arise and looks at examples of uncertainty that the Bank has recently encountered. It then reviews the strategies employed by the Bank to deal with this problem.

The other articles in this special issue focus on three of these major strategies.

topic index
Uncertainty and Monetary Policy, Monetary Policy Framework

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