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The Politics of Canadian Monetary Policy: Reassessing Canadian Inflation, Part II

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  • Scott Aquanno
  • Jordan Brennan

Abstract

This is the second installment of a two-part article on Canadian inflation. This article builds on the traditional conflict theory of inflation by applying insights from the post-Keynesian and micro-politics theories of money and central bank policy. It argues that the Bank of Canada’s inflation targets — not just inflation itself — have to be understood in terms of social conflict and power. This analysis extends the evidence on the distributive implications of Canadian inflation offered in Part I.

Suggested Citation

  • Scott Aquanno & Jordan Brennan, 2016. "The Politics of Canadian Monetary Policy: Reassessing Canadian Inflation, Part II," Journal of Economic Issues, Taylor & Francis Journals, vol. 50(3), pages 814-833, July.
    • Handle: RePEc:mes:jeciss:v:50:y:2016:i:3:p:814-833
    DOI: 10.1080/00213624.2016.1213589
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    References listed on IDEAS

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    1. Takamitsu Kurita & Patrick James, 2022. "The Canadian–US dollar exchange rate over the four decades of the post‐Bretton Woods float: An econometric study allowing for structural breaks," Metroeconomica, Wiley Blackwell, vol. 73(3), pages 856-883, July.

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