Inflation dynamics in advanced countries have produced two consecutive puzzles during the years after the global … financial crisis. The first puzzle emerged when inflation rates over the period 2009-11 were consistently higher than expected … today - was initially observed in 2012, when inflation rates in advanced countries were weakening rapidly despite the …

We examine the relative ability of simple inflation targeting (IT) and price level targeting (PLT) monetary policy … rules to minimize both inflation variability and business cycle fluctuations in Canada for shocks that have important … persistent cost-push pressures in the economy leading to a significant deterioration in the inflation – output gap trade …

The author provides an overview of the 1975–78 Anti-Inflation Program (AIP), in a background document prepared for a … policy response to, inflation in the decade preceding the introduction of the AIP, the author sets out the elements of the … AIP's monetary and fiscal policy, and prices and incomes controls. He then compares the program's inflation objectives …

), provides a separate analysis of trend labour input and trend labour productivity, and in doing so accounts for more long …

most recent data available. It examines the determinants of these flows and their relationship with the productivity growth …, shifts of employment labour between industries have generally not contributed positively to aggregate labour productivity … rates within industries are found to be strongly related to multifactor productivity and labour productivity growth at the …