Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/251032 
Year of Publication: 
2022
Series/Report no.: 
Bank of Canada Staff Discussion Paper No. 2022-2
Publisher: 
Bank of Canada, Ottawa
Abstract: 
The heterogeneity of businesses and households impacts aggregate economic fluctuations and, in turn, is shaped by aggregate fluctuations. This view has emerged over the last decade with strong implications for the transmission and conduct of monetary policy. Our thematic review focuses on key aspects of this new theory as well as its underlying assumptions. We place the insights in a Canadian context using relevant microeconomic and macroeconomic data.
Subjects: 
Economic models
Monetary policy transmission
Monetary policy and uncertainty
JEL: 
D31
E24
E50
E52
D25
E22
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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