Monetary Policy by https://padlet.com/emily_myers8/oyid56f3zlx1 Made with love en-us 2019-11-14 00:33:24 UTC 2019-11-21 02:23:29 UTC hello@padlet.com https://padlet.net/icons/png/1f4b0.png What you will learn emily_myers8 https://padlet.com/emily_myers8/oyid56f3zlx1/wish/412118914 The goal of this post is to allow everyone to expand their knowledge of monetary policy, you will learn how the bank of Canada implements and conducts monetary policy, learning a brief history of the Bank of Canada, why it was created and what the role in today's economy is. As well as learning about Monetary Policy, you will also learn about they types of economy and how they are related to Monetary Policy. Finally, you will learn about who is currently the director of the Bank of Canada. All this will be done using pictures and videos, and websites making it more engaging.

]]> 2019-11-16 01:06:50 UTC https://padlet.com/emily_myers8/oyid56f3zlx1/wish/412118914 Video Four: Your Roll emily_myers8 https://padlet.com/emily_myers8/oyid56f3zlx1/wish/412122690 Who is directly affected by the economy? Who directly effects the economy? The answer is you. Your spending, your saving, and your investment decision affect whether we are in a growing economy, or a falling economy. Businesses you work for or you own effect the economy. If they are booming people want to invest, this lets the company grow and greaten's the return on your investments making more people want to invest and allows the company to grow more. 
If you are the one who is affected by the economy and the Banks decisions, you should know how to affect them. This video goes in to more detail about your roll in Monetary Policy.

]]> 2019-11-16 01:32:16 UTC https://padlet.com/emily_myers8/oyid56f3zlx1/wish/412122690 Video Three: Transmission of Monetary Policy emily_myers8 https://padlet.com/emily_myers8/oyid56f3zlx1/wish/412187528 This side of the video talks about the two instruments that Monetary Policy use. It first looks at how it controls inflation, when the bank increase interest rates borrowing becomes more expensive, borrowing would decrease, and consumption and business investments would therefore decrease. However, the opposite would happen if the bank lower interest rates, borrowing would become more affordable, and business and consumer investment would increase. Money supply follows the rising and lowering interest rates, if the bank reduces money supply interest rates would rise, if they increase money supply, interest rates go down. 
This is how monetary policy is controlled thus making it important to know, we already know the bank tries to keep inflation between one and three percent and now we know how they do that.
]]> 2019-11-16 13:12:19 UTC https://padlet.com/emily_myers8/oyid56f3zlx1/wish/412187528 Video One: What is Monetary Policy emily_myers8 https://padlet.com/emily_myers8/oyid56f3zlx1/wish/412423300 In this video it gives you a brief introduction of what Monetary Policy is and how it is used. This Video references “Despicable Me” to make the it easier to understand what monetary policy is, why we have it, and how it is used. The point that the video is trying to get across is Monetary Policy is run by the a central bank, in Canada is the Bank of Canada, and the two functions of the bank. The two functions of the bank are to control inflation, and money supply.
I choose this video because they were able to effectively use “Despicable Me” to break down the basics of Monetary Policy. The visuals that had been used were funny but also translates perfectly to Monetary Policy. I think that it was a good introduction video to get a better understanding of Monetary Policy.]]> 2019-11-17 20:34:05 UTC https://padlet.com/emily_myers8/oyid56f3zlx1/wish/412423300 Video Two: Feds Monetary Policy emily_myers8 https://padlet.com/emily_myers8/oyid56f3zlx1/wish/412423807 The United States and Canada’s Monetary Policy serve the same purpose, they both control money supply and they both try to stabilize inflation rates. This video talks about monetary policy but relates it back to the United States Federal Government. The only difference between Canada’s Monetary Policy and the United States monetary policy is that unlike Canada the USA has more than one Central Bank, otherwise they are the same. 
This video is to give you more understanding of monetary policy but also gives you a chance to learn about the United States Monetary Policy. If the United States of America goes into a recession it is very likely, pretty much guaranteed, that Canada will soon follow, like in the 2007-2009 recession that we will look at later. 
]]> 2019-11-17 20:36:16 UTC https://padlet.com/emily_myers8/oyid56f3zlx1/wish/412423807 Website One: The History emily_myers8 https://padlet.com/emily_myers8/oyid56f3zlx1/wish/412426329 Learning the history about the Bank of Canada and Monetary Policy will help you understand why they came to be and learn about their importance and how they have become more important. In the article it goes into depth about how before 1930 and the great depression that Monetary Policy is not needed, and how afterwards it became clear that in order to have control they needed a system that gives them control. It also talks about the governors of the Bank of Canada, why they are needed and list the past one.
I choose this website because knowing the history, like why they were created, who runs its, is helpful in understanding the overall functions of Monetary Policy and the Bank of Canada. 
]]> 2019-11-17 20:47:41 UTC https://padlet.com/emily_myers8/oyid56f3zlx1/wish/412426329 Website Two: Governor of the Bank of Canada emily_myers8 https://padlet.com/emily_myers8/oyid56f3zlx1/wish/412426425 The Governor of the Bank of Canada, who runs monetary policy, serves terms of 7 years. The current governors name is Stephen Poloz and is from Oshawa Ontario but reside in Ottawa, he has a very extensive financial background. In this article it goes into depth about his work background, and why it has made him qualified to run the Bank of Canada and control Monetary Policy.
I think that knowing who is running and controlling your finances are important especially when they control the whole nation’s well-being and has the power to cause a recession. Looking at the background and qualifications of the person who controls monetary policy is very important and needed.

]]> 2019-11-17 20:48:07 UTC https://padlet.com/emily_myers8/oyid56f3zlx1/wish/412426425 Website Three: Canada during the Recession emily_myers8 https://padlet.com/emily_myers8/oyid56f3zlx1/wish/412428592 Though in Canada was not as affected as the United States and Europe we still felt the toll of the recession. The cause of the recession is mostly due to the collapse of the USA housing market. The united states made borrowing easier letting people with low incomes buy houses that they can’t afford, meaning that they were not getting paid back, they created mortgage backed payments and this only made the situation worse, this caused the recession. While Canada still was involved, we were not hit as bad. While the states were losing billions of dollars, Canada was still making money, this could be because Canada did not issue mortgage back securities. If you read the below article it goes into depth and explain the whole situation.
This situation had a huge toll on Canada, United States, and Europe and was an excellent learning experience for the Central Banks and Monetary Policy. Knowing about this helps and gives a real life example of controlling inflation rates
]]> 2019-11-17 20:59:08 UTC https://padlet.com/emily_myers8/oyid56f3zlx1/wish/412428592 Website Four: Types of Markets emily_myers8 https://padlet.com/emily_myers8/oyid56f3zlx1/wish/412434540 This website talks about the types of markets that describe the general well-being of stocks and investors willingness to invest. The two types of markets are bull market and bear market. The first one, bull market, these markets represent a rising economy and a sound one. Bear Market, this is a market that is receding, the economy is head down wards, one way to tell is declining stock prices. 
Monetary policy effects these two types of markets and decides whether we are going to be a bull market or bear market. Going back to when we talked about the two instruments the bank uses, interest rates controls effects the market type. With increase interest rates borrowing and buying become more expensive meaning people would be less like to buy stocks causing a bear market, the opposite is for bull market, declining interest rates cause people to invest more and buy more.
]]> 2019-11-17 21:31:47 UTC https://padlet.com/emily_myers8/oyid56f3zlx1/wish/412434540 Picture Two: Inflation Rates emily_myers8 https://padlet.com/emily_myers8/oyid56f3zlx1/wish/412437675 As we have learned throughout this post, monetary policy is set in place to help keep inflation low, predictable, and stable. Without this you wouldn’t know how much your money is going to be worth in the future and therefore doesn’t allow you to plan. In this picture we can see that although there are fluctuation in inflation the target of 1-3 percent is a constant. 
Not only does this chart show us previous interest rates, and allows us to see that the Bank of Canada does a good job in controlling interest rates, it also allows us to see the predicted inflation rates. 
]]> 2019-11-17 21:51:22 UTC https://padlet.com/emily_myers8/oyid56f3zlx1/wish/412437675 Picture One: The Bank of Canada and Monetary Policy emily_myers8 https://padlet.com/emily_myers8/oyid56f3zlx1/wish/412438252 The bank of Canada is the Central Bank here, it was established in 1935, and controls Monetary Policy. Monetary Policy and the Bank of Canada were a result of the depression when they realized the bank was needed in order to control and stabilizes the economy.
This picture is the Central Bank of Canada and shows its location in Ottawa Ontario]]> 2019-11-17 21:54:52 UTC https://padlet.com/emily_myers8/oyid56f3zlx1/wish/412438252 Reflection Post emily_myers8 https://padlet.com/emily_myers8/oyid56f3zlx1/wish/413355247 1) What did you learn about this topic the surprised you most? 
Being in finance this is topic that I was already quite familiar with and has been focused on in a lot of my class. However I was still able to learn, one thing that I learned was how much the United States housing market crashed affected Canada so much. 
2) Provide a real life example of how this topic is relevant or interesting for you. 
Like I said I am in finance so this topic reflects the type of work that I want to do once I graduate. Interest rates, inflation rates, and money supply all directly affect finance. 
3) If you could pass on any knowledge to family or friends what would it be?
I think that the most important piece of information to pass on would be how much they affect monetary policy. Knowing that you affect the economy is extremely important. ]]> 2019-11-19 14:11:19 UTC https://padlet.com/emily_myers8/oyid56f3zlx1/wish/413355247