How to Improve Inflation Targeting in Canada /

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 influence on expectations, particularly when there is a risk of low inflati...

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Bibliographic Details
Main Author: Obstfeld, Maurice
Other Authors: Clinton, Kevin, Kamenik, Ondra, Laxton, Douglas
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2016.
Series:IMF Working Papers; Working Paper ; No. 2016/192
Online Access:Full text available on IMF