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Exploring the potential benefits of inflation overshooting

Robert Amano, Marc-André Gosselin and Kurt See ()

No 2021-16, Staff Analytical Notes from Bank of Canada

Abstract: After a period with the interest rate at the effective lower bound, temporarily overshooting inflation may offer important economic benefits. This may be especially true for vulnerable segments of the population, such as workers with low attachment to the labour force and the long-term unemployed.

Keywords: Inflation targets; monetary policy; monetary policy framework; and labour markets (search for similar items in EconPapers)
JEL-codes: E52 J20 (search for similar items in EconPapers)
Date: 2021-07
New Economics Papers: this item is included in nep-cba, nep-mac and nep-mon
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