Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/311789 
Year of Publication: 
2024
Series/Report no.: 
Bank of Canada Staff Discussion Paper No. 2024-18
Publisher: 
Bank of Canada, Ottawa
Abstract: 
This paper examines how monetary and macroprudential policies interact and possibly complement each other in achieving their respective price and financial stability objectives. We first review the Canadian experience of housing market cycles and highlight the need to coordinate the two sets of policies. Then, to deepen our understanding of policy interactions, we discuss current research work being done at the Bank of Canada and recent studies in the literature. Finally, for central bank and academic researchers, we emphasize remaining gaps in developing a modelling framework that unifies both price and financial stability objectives with explicit interactions between monetary and macroprudential policies.
Subjects: 
Monetary policy
Financial stability
JEL: 
E52
E37
E58
E61
G01
G21
G28
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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