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The current monetary policy agreement between the Bank of Canada and the Department of Finance is set to expire at the …
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Leading up to the Bank of Canada’s 2021 renewal of its agreement with the government of Canada, this Commentary …’s mandate – as written in the Bank of Canada Act in Canada’s case – can be achieved in an efficient manner, in light of … frontline economic science. Inflation targeting has served Canada well. The Bank of Canada has been successful, since 1991, in …
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linked to the political cycle. We also highlight several unique aspects of the modern review and renewal experience in Canada …, where renewals of the Bank of Canada's joint inflation-control agreement with the government have regularly been preceded by …
Persistent link: https://www.econbiz.de/10012257021
In 1991, Canada became the second country to adopt an inflation target as a central pillar of its monetary policy … - including low equilibrium real interest rates and high debt burdens in key sectors - now present monetary policy in Canada and …
Persistent link: https://www.econbiz.de/10011952083
in Canada (1991), England (1992), Sweden and Finland (1993), Australia and Spain (1994), Israel, Chile, Brasil, the Czech … and the experience of the two countries that were leaders in the adoption of this modern strategy, New Zealand and Canada … Central Bank of Canada regarding achieving greater flexibility to mitigate price shocks. After all the above, it can be …
Persistent link: https://www.econbiz.de/10012522649
This paper studies the Great Inflation in Canada, Australia, and New Zealand. Newspaper coverage and policymakers … delegated inflation control to nonmonetary devices. This hypothesis helps explain why, unlike Canada, Australia and New Zealand …
Persistent link: https://www.econbiz.de/10014063549
this has led some economists to recommend that Canada increase its inflation rate. Underlying this view is the idea that … the issues that need to be addressed to determine whether a change in Canada's monetary policy is warranted …
Persistent link: https://www.econbiz.de/10014070894