Price-Level Targeting: A Post-Mortem?

Summary:
Page Title:Price-Level Targeting: A Post-Mortem? – C.D. Howe Institute
Article Title:Price-Level Targeting: A Post-Mortem?
URL:https://cdhowe.org/publication/price-level-targeting-post-mortem/
Published Date:February 5, 2014
Accessed Date:February 15, 2025

While the Bank of Canada has quietly shelved consideration of moving to price-level targeting as a basis for monetary policy, the merits of this approach remain strong, according to a report released today by the C.D. Howe Institute. In “Price-Level Targeting: A Post-Mortem?” author Steve Ambler finds price-level targeting has convincing advantages over inflation-targeting, especially as a tool for avoiding the worst consequences of economic downturns.

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