Getting it Right When You Might Be Wrong: The Choice Between Price-Level and Inflation Targeting

Jean Boivin ()

C.D. Howe Institute Commentary, 2009, issue 297

Abstract: 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?

Keywords: monetary policy; price-level targeting; inflation targeting; Bank of Canada (search for similar items in EconPapers)
JEL-codes: E31 E52 E58 (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (7)

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