In Canada, targeting the inflation rate was intended as a temporary measure on a journey to price-level stability, but … account, changing beliefs about the stability or otherwise of ongoing inflation, the capacity of a flexible exchange rate to … inflation targeting arrived on the scene only after the Canadian regime was well established. …

What is the effect of climate policies on inflation and economic activity? Answering this question is critical for … central banks trying to achieve price stability. This paper studies the experience from existing carbon taxes in Canada and … Europe and Canada, as well as a number of different country groupings. At least in case of British Columbia, a contraction in …

,rather than exchange rate regimes and questions of policy credibility and political accountability are crucial. Canada's recent … economic performance under inflation targets, and arguments that the flexible exchange rate has undermined real economic … performance are assessed. The most economically attractive among alternative monetary orders, the adoption by Canada of the US …

This paper evaluates the usefulness of various measures of core inflation for the conduct of monetary policy …. Traditional exclusion-based measures of core inflation are found to perform relatively poorly across a range of evaluation … move with macroeconomic drivers. All measures of core inflation, however, have limitations - consequently, there is merit …

of monetary policy. We find that the Bank of Canada's current preferred measures of core inflation-CPI-trim, CPI …We provide an updated evaluation of the value of various measures of core inflation that could be used in the conduct … biased, less volatile and much more persistent relative to alternative core measures and CPI inflation. They are also still …

-time inflation forecasts of the Bank of Canada with the aim of identifying potential areas for improvement. Not surprisingly, the …Against the backdrop of an ongoing review of the inflation-targeting framework, this paper examines the real … results show that errors in forecasting non-core inflation (commodity prices et cetera) are found to be the largest …

to support the standard objection to such policies: that they will lead to uncontrollable inflation. Theoretical models … paper presents a counter-example in the activities of the Bank of Canada during the period 1935–75, when, working with the … support for a relationship between monetary financing and inflation. The findings lend support to recent calls for explicit …