This paper provides some practical advice on establishing initial conditions in support of an inflation-targeting monetary framework. These conditions are divided into four areas: a mandate in support of an inflation objective and accountability for achieving this objective; macroeconomic...

Little is known about how Canadian prudential supervision is conducted in practice because it has traditionally operated behind a veil of secrecy. While the federal Office of the Superintendent of Financial Institutions (OSFI) and its provincial counterparts have published the frameworks within...