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Bank of Canada RSS Feedsen2024-03-29T11:57:27+00:00Price-Level Uncertainty, Price-Level Targeting, and Nominal Debt Contracts
https://www.bankofcanada.ca/wp-content/uploads/2010/06/crawford.pdf
Many central banks around the world have embraced inflation targeting as a monetary policy framework. Interest is growing, however, in price-level targeting as an alternative. The choice of frameworks has important consequences for financial contracts, most of which are not fully indexed to the price level. Changes in the price level therefore lead to changes in the real value of contracts.2009-04-07T09:42:11+00:00enPrice-Level Uncertainty, Price-Level Targeting, and Nominal Debt Contracts2009-04-07Unexpected Inflation and Redistribution of Wealth in Canada
https://www.bankofcanada.ca/wp-content/uploads/2010/06/meh.pdf
One of the most important arguments in favour of price stability is that unexpected inflation generates changes in the distribution of income and wealth among different economic agents. These redistributions occur because many loans are specified in fixed dollar terms and unexpected inflation redistributes wealth from creditors to debtors by reducing the real value of nominal assets and liabilities.2009-04-05T09:55:25+00:00enUnexpected Inflation and Redistribution of Wealth in Canada2009-04-05