Why is Canada's Price Level So Predictable? /

One of the pioneers of inflation targeting (IT), the Bank of Canada is now considering a possibility of switching to price-level-path targeting (PLPT), where past deviations of inflation from the target would have to be offset in the future, bringing the price level back to a predetermined path. Thi...

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Bibliographic Details
Main Author: Klyuev, Vladimir
Other Authors: Kamenik, Ondrej, Kiem, Heesun, Laxton, Douglas
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2008.
Series:IMF Working Papers; Working Paper ; No. 2008/025
Online Access:Full text available on IMF