Of course, the Bank also continues to work on the nexus between monetary policy and financial stability. We are working toward a better understanding of how vulnerabilities affect policy transmission. There is new modelling work 29  K. Tuzcuoglu and L. Uzeda, “Measuring Aggregate and Sectoral Uncertainty,” Bank of Canada Staff Working Paper, forthcoming.
- 17 underway to dig into the today-versus-tomorrow trade-off that is created by vulnerabilities.30 Enhancing our understanding of real financial linkages will continue to be at the forefront.