Stephen Murchison - Latest - Bank of Canada
https://www.bankofcanada.ca/rss-feeds/
Bank of Canada RSS Feedsen2024-03-28T20:21:29+00:00Price-Level Targeting and Relative-Price Shocks
https://www.bankofcanada.ca/wp-content/uploads/2010/09/murchison_summer10.pdf
Stephen Murchison reviews the findings of recent Bank of Canada research on the relative merits of inflation targeting and price-level targeting (PLT) for a small open economy, such as Canada's, that is susceptible to large and persistent terms-of-trade shocks.2010-08-19T08:33:40+00:00enPrice-Level Targeting and Relative-Price Shocks2010-08-19