Archive for April 21st, 2011

Bank of Canada should shift from inflation targeting to precision targeting

April 21, 2011

This is a a superb paper from Christopher Ragan – Precision Targeting: The Economics – and Politics – of Improving Canada’s Inflation-Targeting Framework.

The idea is that BoC and Canadian government are to review the inflation targeting framework in 2011. So whether it has worked or not? What are the changes needed etc?

Howe argues for five changes:

(more…)

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