@article{Monetary:4172,
      recid = {4172},
      author = {Clinton, Kevin and Lynch, Kevin},
      title = {Monetary Base and Money Stock in Canada},
      publisher = {Bank of Canada},
      address = {1979},
      pages = {1 online resource (ii, 57 pages)},
      abstract = {In this report, the authors consider some Canadian  evidence related to the control of the money supply. At  issue is the relative efficacy of monetary-base control  versus a method of control wherein short-term interest  rates are adjusted to keep the money supply on target. This  study examines certain problems involved in the  implementation of both types of money-supply control in the  context of Canadian institutional arrangements. Two basic  issues are investigated empirically: causality and  stability. Finally, representative money-multiplier and  money-demand equations are estimated for Canada and  simulations are presented in order to compare their  relative forecasting abilities.},
      url = {http://www.oar-rao.bank-banque-canada.ca/record/4172},
      doi = {https://doi.org/10.34989/tr-16},
}