,rather than exchange rate regimes and questions of policy credibility and political accountability are crucial. Canada's recent … performance are assessed. The most economically attractive among alternative monetary orders, the adoption by Canada of the US … politically attainable. Intermediate arrangements are unattractive and clearly inferior to Canada's current monetary order. …

In Canada, targeting the inflation rate was intended as a temporary measure on a journey to price-level stability, but …

In Canada, targeting the inflation rate was intended as a temporary measure during a transition to price …