Digitalisation is reshaping the economy, says Canada’s Wilkins

Carolyn Wilkins
International Monetary Fund

The Bank of Canada’s Carolyn Wilkins sees challenges for monetary policy and the economy as a whole, as increasing digitalisation and growing market power shift our traditional understanding of the mechanisms at play.

The senior deputy governor emphasised how market structures shape the fundamentals of the economy, and therefore affect how “monetary policy is transmitted through the economy and the conduct of monetary policy”.

As digitalisation shifts market structures, central banks and other

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