Kronick, Jeremy; Petersen, Luba - 2023
, inflation in Canada has far exceeded the top end of the Bank of Canada’s inflation target range (1-3 percent). The Bank, which … higher tax revenue from higher inflation. But it has also added new spending to the mix.In this paper, our goal is to … conflict, theory suggests that governments continue to accumulate debt, which fuels inflation, while the central bank raises …