Bank of Canada deputy stresses heterogeneity’s role in monetary policy

Sharon Kozicki
Sharon Kozicki
Bank of Canada

Sharon Kozicki, deputy governor with the Bank of Canada, said monetary policy must be guided by the broad and granular differences in household income and demographics.

“Differences in how people experience a shock can amplify its effects as well as the impact of fiscal and monetary policy responses,” said Kozicki on July 4. The pandemic, she said, spurred the bank to increase efforts to study “granular” economics.

Other central bankers, such as US Federal Reserve governor Lael Brainard, have

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: