Monetary Policies and Inflation: Australia and Canada since 2020

Mingwei Sun; Uwe Kaufmann; Donald Winchester; Kavita Goel; Amanpreet Kaur; Christiana Osei Bonsu; Edward Willson

Monetary Policies and Inflation: Australia and Canada since 2020

Mingwei Sun, Uwe Kaufmann, Donald Winchester, Kavita Goel, Amanpreet Kaur, Christiana Osei Bonsu, Edward Willson

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Abstract

Canada and Australia have many things in common. They are both Commonwealth countries and have developed economies with abundant natural resources. Both economies have a strong immigrant base with a similar composition, but Australia’s population of about 27 million is smaller as compared to Canada’s of approximately 39 million. But what about the countries’ approaches to monetary policies during events like COVID-19? This review aims to provide a comparison of the two countries’ central bank’s monetary policies since the beginning of 2020 and their economic impacts.

Original language	English
No.	13
Specialist publication	AIB Review
Publication status	Published - 1 Dec 2024

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title = "Monetary Policies and Inflation: Australia and Canada since 2020",

abstract = "Canada and Australia have many things in common. They are both Commonwealth countries and have developed economies with abundant natural resources. Both economies have a strong immigrant base with a similar composition, but Australia{\textquoteright}s population of about 27 million is smaller as compared to Canada{\textquoteright}s of approximately 39 million. But what about the countries{\textquoteright} approaches to monetary policies during events like COVID-19? This review aims to provide a comparison of the two countries{\textquoteright} central bank{\textquoteright}s monetary policies since the beginning of 2020 and their economic impacts.",

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AU - Sun, Mingwei

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AU - Winchester, Donald

AU - Goel, Kavita

AU - Kaur, Amanpreet

AU - Osei Bonsu, Christiana

AU - Willson, Edward

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AB - Canada and Australia have many things in common. They are both Commonwealth countries and have developed economies with abundant natural resources. Both economies have a strong immigrant base with a similar composition, but Australia’s population of about 27 million is smaller as compared to Canada’s of approximately 39 million. But what about the countries’ approaches to monetary policies during events like COVID-19? This review aims to provide a comparison of the two countries’ central bank’s monetary policies since the beginning of 2020 and their economic impacts.

M3 - AIB Review - scholarly output

JO - AIB Review

JF - AIB Review

ER -

Monetary Policies and Inflation: Australia and Canada since 2020

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