Getting Talk Back on Target: The Exchange Rate and the Inflation Rate

Recent efforts by the Bank of Canada to “talk down” the dollar in its public statements have led to public perceptions that the Bank is considering action to weaken it.In permitting this response to gather momentum, the Bank has stepped onto a slippery slope, because if talk seems to be failing, people might reasonably expect direct intervention in the exchange market to follow.

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Year of publication:	2009-12
Authors:	Laidler, David
Institutions:	C. D. Howe Institute
Subject:	Bank of Canada \| inflation rate \| exchange rate

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Extent:	application/pdf
Series:	e-briefs.
Type of publication:	Book / Working Paper
Notes:	Published on the C.D. Howe Institute website, December 2009 Number 89 4 pages
Classification:	E58 - Central Banks and Their Policies ; E31 - Price Level; Inflation; Deflation ; F31 - Foreign Exchange ; E4 - Money and Interest Rates
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008502557