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In Canada, targeting the inflation rate was intended as a temporary measure during a transition to price … unemployment rate and money growth in influencing economic outcomes are also discussed. Today's standard theoretical approach to …
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With close to 30 emerging market and developing economies (EMDEs) using inflation targeting to determine monetary policy, and many of them for over 15 years, it is possible to create a meaningful measure of neutral real interest rates in these economies. The neutral real interest rate provides...
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