CD Howe Intelligence Memo: Devlin, Forssell – Quantitative Tightening May Cause Unexpected Trouble

Ed Devlin and Anders Forssell co-wrote a brief article for the CD Howe Institute on the potential challenges facing the Bank of Canada due to recent quantitative tightening measures. They warn that the Bank’s current policies may have more severe negative economic consequences than currently though, and that given the high uncertainty the Bank will need to monitor the economy closely and be prepared to adjust accordingly to avoid a more serious downturn.