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With inflation as measured by the Consumer Price Index (CPI) growing faster than the Bank of Canada’s 2 percent target … certainly justified in using core CPI as one of many imperfect measures of underlying inflation, our results suggest that the … Bank should, at a minimum, revisit the role of core within its inflation-targeting framework and consider de …
Persistent link: https://www.econbiz.de/10009351457
inflation is to be kept stable after next year, then a “neutral” value for real – that is inflation-adjusted – market interest …
Persistent link: https://www.econbiz.de/10009251216
The Bank of Canada should pay closer attention to the effects of money and credit growth on inflation and asset markets … should be paid to asset market stability. Once the role of asset markets in the mechanics of inflation or price …
Persistent link: https://www.econbiz.de/10008740097
Canada’s 2 percent inflation targeting program works pretty well – but could targeting the price level work even better …, especially when inflation and the price level might not be perfectly observed? …
Persistent link: https://www.econbiz.de/10008479203
The Bank of Canada needs a better inflation indicator that is more sensitive to swings in house prices than the … recent years. He proposes a new official inflation indicator for monetary policy purposes that would better reflect the … indicator that inflation is under control - to keep rates too low for too long. …
Persistent link: https://www.econbiz.de/10010578413
Moving to price-level targeting from inflation-rate targeting could be a sound option for the Bank of Canada after 2011 … balance between providing support to the still fragile economic recovery and avoiding a resurgence of inflation above its 2 … percent inflation target. …
Persistent link: https://www.econbiz.de/10008565772
The Bank of Canada must take account of the international environment, where inflation targeting has become widespread … decade and the consequences of the worldwide spread of inflation-control regimes for Canada’s targeting program, which …
Persistent link: https://www.econbiz.de/10004964341
In the first-half of the global financial turmoil, rising inflation was a major concern for emerging East Asian central … addressing higher inflation or supporting moderate growth. Higher food and fuel prices were the major drivers of headline … inflation. Their causes, however, were a confluence of factors--whether cyclical or structural, domestic or global, supply or …
Persistent link: https://www.econbiz.de/10010529710
particular the aim of price stability, understood as low and stable inflation. Design/Research methods: The article was prepared … inflation reduces uncertainty about future price developments. This facilitates decision-making for companies concerning …
Persistent link: https://www.econbiz.de/10013198396
The paper analyses the reasons for Japan's persistently low inflation since the bursting of the Japanese bubble economy … (low inflation conundrum). It is shown that Japan experienced a structural break from a high-growth period with relatively … high inflation to a low-growth period with exceptionally low inflation since the early 1990s. We show based on a stylized …
Persistent link: https://www.econbiz.de/10013284915