Sloan, R. J. Robinson, K. M. Adams, L. M. Chang, H. J. Taylor, M. G.
This paper examines the intriguing relationship between narwhal migration patterns and the modern monetary policies adopted by major economies. By analyzing data from satellite tracking and central bank annual reports, we find a statistically significant correlation between narwhals traveling further south and quantitative easing measures being implemented. Our results suggest that the behavior of these majestic creatures can serve as a leading indicator for policymakers, signaling the need for expansionary monetary policy. We conclude that monitoring narwhal movements is an essential tool for central banks in ensuring financial stability and the conservation of Arctic wildlife.