The Case for Price Stability, Then and Now: A Retrospective Note on John W. Crow's 1988 Eric J. Hanson Memorial Lecture

John Crow's 1988 Hanson Lecture argued for making price stability the goal of Canada's monetary policy, but in the early 1990s, political and economic circumstances led policy makers to settle for a 2 percent inflation target instead. The recently instituted review of the Inflation Control Program has put price stability on the policy menu again, and the current relevance of Crow's 1988 case is assessed in the light of the past 20 years' experience.

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Year of publication:	2008
Authors:	Laidler, David
Institutions:	University of Western Ontario, Economic Policy Research Institute
Subject:	price stability \| inflation targeting \| Bank of Canada \| monetary policy

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Extent:	application/pdf
Series:	University of Western Ontario, Economic Policy Research Institute Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	The price is Paper copy available by mail at a cost of $10.00 Canadian each Number 20081
Classification:	E42 - Monetary Systems; Standards; Regimes; Government and the Monetary System ; E58 - Central Banks and Their Policies ; E61 - Policy Objectives; Policy Designs and Consistency; Policy Coordination
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005515467