Topic: Inflation targets

1. What Does Downward Nominal-Wage Rigidity Imply for Monetary Policy?

   Working Paper 1997-13 - Seamus Hogan

   A recent paper has suggested there might be a trade-off between inflation and unemployment at low inflation rates and this has led some economists to recommend that Canada increase its inflation rate.

   Topics: Inflation targets; Monetary policy framework; Transmission of monetary policy

2. A Band-Aid Solution to Inflation Targeting

   Working Paper 1997-11 - Robert Amano, Richard Black, Marcel Kasumovich

   This paper reviews selectively the literature on exchange rate target zones and corresponding methodologies and examines whether they can be used to analyse the inflation-control problem.

   Topics: Inflation targets

3. La courbe de Phillips au Canada : un examen de quelques hypothèses

   Working Paper 1997-3 - Jean-François Fillion, André Léonard

   This study, which draws on a variety of research on price dynamics in Canada, examines some hypotheses that might explain the poor quality of recent inflation forecasts based on the conventional Phillips curve.

   Topics: Inflation and prices; Inflation targets