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How to Improve Inflation Targeting in Canada

How to Improve Inflation Targeting in Canada »

Source: How to Improve Inflation Targeting in Canada

Volume/Issue: 2016/192

Series: IMF Working Papers

Author(s): Maurice Obstfeld , Kevin Clinton , Ondra Kamenik , Douglas Laxton , Yulia Ustyugova , and Hou Wang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 September 2016

ISBN: 9781475541298

Keywords: Canada; inflation targeting; monetary policy; fiscal policy

Routine publication of the forecast path for the policy interest rate (i.e. 'conventional forward guidance') would improve the transparency of monetary policy. It would also improve policy effectiveness through its...

How to Improve Inflation Targeting in Canada

How to Improve Inflation Targeting in Canada »

Volume/Issue: 2016/192

Series: IMF Working Papers

Author(s): Maurice Obstfeld , Kevin Clinton , Ondra Kamenik , Douglas Laxton , Yulia Ustyugova , and Hou Wang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 September 2016

DOI: http://dx.doi.org/10.5089/9781475541298.001

ISBN: 9781475541298

Keywords: Canada; inflation targeting; monetary policy; fiscal policy

Routine publication of the forecast path for the policy interest rate (i.e. 'conventional forward guidance') would improve the transparency of monetary policy. It would also improve policy effectiveness through its...