Faceoff: Should the Bank of Canada Release its Projections of the Interest Rate Path?
Greater Transparency Needed
The Loonie’s Flirtation with Parity: Prospects and Policy Implications
Securing Monetary Stability, Canada’s Monetary Policy Regime after 2011
Inflation Dangers: Financial Post Op-Ed
Published in the Financial Post on April 15, 2010
By Philippe Bergevin And David Laidler
Among the more interesting proposals for Canadian monetary policy after 2011, when the Bank of Canada’s current inflation-control agreement with the Minister of Finance expires, is a target for the time path of the price level itself, rather than the inflation rate. More urgently, however, the Bank must achieve a delicate balance as it tries to spur a still tentative recovery while avoiding excessive inflation next year. Intriguingly, achieving this balance would be much easier were price-level targeting already in place.
Bank of Canada policies are not completely independent of politics, not least because its Governor is…
Room for Manoeuvre – Monetary Policy Over the Next Eighteen Months, and the Allure of Price-Level Targeting
Taking Monetary Aggregates Seriously
How Soon? How Fast? Interest Rates and Other Monetary Policy Decisions in 2010
Bank of Canada’s slippery slope to intervention
Dec. 4, 2009 – David Laidler’s C.D. Howe Institute e-brief on the central bank’s efforts to “talk down” the dollar was the subject of commentary by David Parkinson in the Globe and Mail.
To read the op-ed, click here.