Inflation targets - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T21:35:34+00:00Next Steps for Canadian Monetary Policy
https://www.bankofcanada.ca/wp-content/uploads/2010/06/amano.pdf
In 2006, the Bank initiated a research program exploring two alternatives to the current inflation-targeting framework: (i) lowering the inflation target and (ii) shifting to a price-level target. This article discusses progress to date, places the Bank's findings in the context of a broader literature, and identifies avenues for future research.2009-04-09T14:23:10+00:00enNext Steps for Canadian Monetary Policy2009-04-09Price-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 Contracts2009-04-07