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Bank of Canada RSS Feedsen2024-03-29T12:48:43+00:00How to Improve Inflation Targeting at the Bank of Canada
https://www.bankofcanada.ca/2002/09/working-paper-2002-23/
This paper shows that if the Bank of Canada is optimally adjusting its monetary policy instrument in response to inflation indicators to target 2 per cent inflation at a two-year horizon, then deviations of inflation from 2 per cent represent the Bank's forecast errors, and should be uncorrelated with its information set, which includes two-year lagged values of the instrument and the indicators. Positive or negative correlations are evidence of systematic errors in monetary policy.2002-09-01T10:27:39+00:00enHow to Improve Inflation Targeting at the Bank of Canada2002-09-01Inflation targetsMonetary and financial indicatorsMonetary policy implementationWorking Paper 2002-23 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp02-23.pdfHow to Improve Inflation Targeting at the Bank of CanadaNicholas RoweSeptember 2002EE5