What is the Ideal Monetary Policy Regime? Improving the Bank of Canada's Inflation-targeting Program

Michael Parkin ()

C.D. Howe Institute Commentary, 2009, issue 279

Abstract: The recent financial crisis has emphasized the role of sound monetary policy for ensuring Canada’s future prosperity. Although much is right with the Bank of Canada’s inflation-targeting regime, improvements such as price-level targeting and closer attention to potential financial instability should be considered in the lead-up to the renewal of the program in 2011.

Keywords: monetary policy; central bank policy; inflation-targeting program (search for similar items in EconPapers)
JEL-codes: E51 E52 E58 (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (16)

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