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Better Late Than Never: Towards a Systematic Review of Canada's Monetary Policy Regime

Author

Listed:
  • David Laidler

    (C.D. Howe Institute)

Abstract

The Bank of Canada has announced that its inflation-targeting regime, in place since 1991, is at last to get a thorough review. The Issues needing examination include whether to move to a "price stability" program, which might be both feasible and desirable.

Suggested Citation

  • David Laidler, 2007. "Better Late Than Never: Towards a Systematic Review of Canada's Monetary Policy Regime," C.D. Howe Institute Commentary, C.D. Howe Institute, issue 252, July.
    • Handle: RePEc:cdh:commen:252
    as

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    References listed on IDEAS

    as
    1. Daniel L. Thornton, 2007. "The lower and upper bounds of the Federal Open Market Committee's long-run inflation objective," Review, Federal Reserve Bank of St. Louis, vol. 89(May), pages 183-194.
    2. Hafedh Bouakez & Nooman Rebei, 2005. "Has Exchange Rate Pass-Through Really Declined in Canada?," Staff Working Papers 05-29, Bank of Canada.
    3. Rose, Andrew K., 2007. "A stable international monetary system emerges: Inflation targeting is Bretton Woods, reversed," Journal of International Money and Finance, Elsevier, vol. 26(5), pages 663-681, September.
    4. Rose, Andrew, 2006. "A Stable International Monetary System Emerges: Bretton Woods, Reversed," CEPR Discussion Papers 5854, C.E.P.R. Discussion Papers.
    5. George A. Akerlof & William R. Dickens & George L. Perry, 1996. "The Macroeconomics of Low Inflation," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 27(1), pages 1-76.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Steve Ambler, 2009. "Price‐Level Targeting And Stabilisation Policy: A Survey," Journal of Economic Surveys, Wiley Blackwell, vol. 23(5), pages 974-997, December.
    2. Steve Ambler, 2009. "Is It Time For Price‐Level Targeting?," Economic Affairs, Wiley Blackwell, vol. 29(3), pages 35-39, September.

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    More about this item

    Keywords

    monetary policy; inflation targeting;

    JEL classification:

    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

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