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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. …
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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 …
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,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 …
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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 …
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