| Title | Issues in Inflation Targeting: A Summary of the Bank of Canada Conference Held 28-29 April 2005 |
| Author(s) | Robert Amano and Raphael Solomon |
| Type | Bank of Canada Review article |
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Date of publication |
Spring 2006 |
| Language | English |
| Abstract | The Bank of Canada's 2005 conference focused on two critical issues: price-level targets versus inflation targets, and the appropriate level of inflation. Session topics included new methodological approaches to examining the validity of the New Keynesian Phillips curve for Canada; the monetary policy implications of border effects and the financial-accelerator model; the zero lower bound on nominal interest rates; and inflation and welfare in general-equilibrium macroeconomic models. A panel of invited speakers discussed the issues of each session, and two distinguished speakers gave their perspectives on inflation. |
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Bank topic index |
Inflation and Prices, Inflation Targets, Monetary Policy Framework |
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JEL classification |
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