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Spring 2006

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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
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.
Bank
topic index
Inflation and Prices, Inflation Targets, Monetary Policy Framework
JEL
classification

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