The Politics of Canadian Monetary Policy: Reassessing Canadian Inflation, Part II

Scott Aquanno and Jordan Brennan

Journal of Economic Issues, 2016, vol. 50, issue 3, 814-833

Abstract: This is the second installment of a two-part article on Canadian inflation. This article builds on the traditional conflict theory of inflation by applying insights from the post-Keynesian and micro-politics theories of money and central bank policy. It argues that the Bank of Canada’s inflation targets — not just inflation itself — have to be understood in terms of social conflict and power. This analysis extends the evidence on the distributive implications of Canadian inflation offered in Part I.

Date: 2016
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DOI: 10.1080/00213624.2016.1213589

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