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...on the next generation of economic models

“The fact that models can deliver only an approximation of the truth means that conducting monetary policy is not a mechanical exercise. It is a complex blend of art and science—in effect, it is an exercise in risk management."
Governor Stephen Poloz
Bank of Canada, 31 January 2017

Building the next generation of economic models is a priority for the Bank of  Canada, Governor Poloz says, 31 January 2017