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. …

. Previous literature has highlighted the role of an economy's "structure" - such as its inflation volatility, inflation rate …, forecasts predicting how a given exchange rate movement will impact inflation at a specific point in time should take into …

responds to inflation and output volatility, especially during economic crises. This framework offers a promising alternative …

This document proposes a general macroeconomic framework to analyze the behavior of inflation. This approach has two … price level. When all shocks have a permanent impact, the regime determines the inflation rate, as in inflation targeting … cause the rate of inflation or the price level. With this, a new perspective on four different historical cases emerges. One …