TERMIUM Plus®
The Government of Canada’s terminology and linguistic data bank.
MONETARY CONDITIONS INDEX [3 records]
Record 1 - internal organization data 2011-12-14
Record 1, English
Record 1, Subject field(s)
- Economic Conditions and Forecasting
Record 1, Main entry term, English
- nominal monetary conditions index
1, record 1, English, nominal%20monetary%20conditions%20index
correct
Record 1, Abbreviations, English
Record 1, Synonyms, English
- nominal MCI 2, record 1, English, nominal%20MCI
correct
Record 1, Textual support, English
Record number: 1, Textual support number: 1 CONT
... the nominal MCI [is] based on the nominal interest rate and [the] nominal exchange rate ... 2, record 1, English, - nominal%20monetary%20conditions%20index
Record 1, French
Record 1, Domaine(s)
- Prévisions et conjonctures économiques
Record 1, Main entry term, French
- ICM nominal
1, record 1, French, ICM%20nominal
correct, masculine noun
Record 1, Abbreviations, French
Record 1, Synonyms, French
Record 1, Textual support, French
Record number: 1, Textual support number: 1 CONT
[...] l'ICM nominal [est] fondé sur le taux d'intérêt et le taux de change nominaux [...] 1, record 1, French, - ICM%20nominal
Record number: 1, Textual support number: 1 OBS
ICM : indice des conditions monétaires. 2, record 1, French, - ICM%20nominal
Record 1, Key term(s)
- indice des conditions monétaires nominal
Record 1, Spanish
Record 1, Textual support, Spanish
Record 2 - internal organization data 2011-12-14
Record 2, English
Record 2, Subject field(s)
- Economic Conditions and Forecasting
Record 2, Main entry term, English
- real monetary conditions index
1, record 2, English, real%20monetary%20conditions%20index
correct
Record 2, Abbreviations, English
Record 2, Synonyms, English
- real MCI 2, record 2, English, real%20MCI
correct
Record 2, Textual support, English
Record number: 2, Textual support number: 1 CONT
... the real MCI [is] based on the real interest rate and the real exchangerate ... 3, record 2, English, - real%20monetary%20conditions%20index
Record number: 2, Textual support number: 2 CONT
Theoretically, since it is changes in real variables that influence real output, the relevant measure is the real MCI, derived from the interest rate less expected inflation and the exchange rate adjusted for relative movements in the price level in Canada and abroad. 4, record 2, English, - real%20monetary%20conditions%20index
Record 2, French
Record 2, Domaine(s)
- Prévisions et conjonctures économiques
Record 2, Main entry term, French
- ICM réel
1, record 2, French, ICM%20r%C3%A9el
correct, masculine noun
Record 2, Abbreviations, French
Record 2, Synonyms, French
Record 2, Textual support, French
Record number: 2, Textual support number: 1 CONT
[...] l'ICM réel [est] fondé sur le taux d'intérêt et le taux de change réels [...] 2, record 2, French, - ICM%20r%C3%A9el
Record number: 2, Textual support number: 2 CONT
Théoriquement, comme ce sont les changements au sein des variables réelles qui influencent la production réelle, la mesure pertinente est l'ICM réel, construit à partir du taux d'intérêt moins l'inflation attendue et du taux de change corrigé pour tenir compte des variations relatives du niveau des prix au Canada et à l'étranger. 3, record 2, French, - ICM%20r%C3%A9el
Record number: 2, Textual support number: 1 OBS
ICM : indice des conditions monétaires. 4, record 2, French, - ICM%20r%C3%A9el
Record 2, Key term(s)
- indice des conditions monétaires réel
Record 2, Spanish
Record 2, Textual support, Spanish
Record 3 - internal organization data 2000-05-17
Record 3, English
Record 3, Subject field(s)
- Economic Conditions and Forecasting
Record 3, Main entry term, English
- Monetary Conditions Index
1, record 3, English, Monetary%20Conditions%20Index
correct, Canada
Record 3, Abbreviations, English
- MCI 1, record 3, English, MCI
correct, Canada
Record 3, Synonyms, English
Record 3, Textual support, English
Record number: 3, Textual support number: 1 DEF
A weighted sum of the changes in the short-term interest rate (the 90-day commercial paper rate) and the exchange rate (as measured by the C-6 index) from a given base period. 2, record 3, English, - Monetary%20Conditions%20Index
Record number: 3, Textual support number: 1 OBS
The weight of the exchange rate is one-third that of the interest rate, a three per cent change in the exchange rate being roughly equivalent to a one percentage point change (100 basis points) in interest rates. A change in the MCI gives a measure of the degree of tightening or easing in monetary conditions. 2, record 3, English, - Monetary%20Conditions%20Index
Record number: 3, Textual support number: 2 OBS
See also <a href="http://www.bank-banque-canada.ca/english/backgrounders/bg-p3.htm" title="http://www.bank-banque-canada.ca/english/backgrounders/bg-p3.htm">http://www.bank-banque-canada.ca/english/backgrounders/bg-p3.htm</a> 2, record 3, English, - Monetary%20Conditions%20Index
Record 3, French
Record 3, Domaine(s)
- Prévisions et conjonctures économiques
Record 3, Main entry term, French
- Indice des conditions monétaires
1, record 3, French, Indice%20des%20conditions%20mon%C3%A9taires
correct, masculine noun, Canada
Record 3, Abbreviations, French
- ICM 1, record 3, French, ICM
correct, masculine noun, Canada
Record 3, Synonyms, French
Record 3, Textual support, French
Record number: 3, Textual support number: 1 DEF
Somme pondérée des variations qu'enregistrent le taux d'intérêt à court terme (à savoir le taux du papier commercial à 90 jours) et le taux de change (mesuré ici par l'indice C-6) par rapport à une période de base donnée. 2, record 3, French, - Indice%20des%20conditions%20mon%C3%A9taires
Record number: 3, Textual support number: 1 OBS
Le poids du taux de change est égal au tiers du poids attribué au taux d'intérêt, ce qui signifie qu'une variation de trois pour cent du taux de change équivaut en gros à une variation d'un point de pourcentage (100 points de base) du taux d'intérêt. Une variation de l'ICM indique le degré de resserrement ou d'assouplissement des conditions monétaires. 2, record 3, French, - Indice%20des%20conditions%20mon%C3%A9taires
Record number: 3, Textual support number: 2 OBS
Voir aussi <a href="http://www.bank-banque-canada.ca/french/documents/bg-p3-f.htm" title="http://www.bank-banque-canada.ca/french/documents/bg-p3-f.htm">http://www.bank-banque-canada.ca/french/documents/bg-p3-f.htm</a> 2, record 3, French, - Indice%20des%20conditions%20mon%C3%A9taires
Record 3, Spanish
Record 3, Textual support, Spanish
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