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. …

banks to use interest rates to tackle inflation. However, as the financial crisis showed, financial stability is also …

an inflation targeting regime in 1993 we allow for a discrete break in the central bank's instrument rule. A key equation …