June 30, 2006
Publications
-
-
June 21, 2006
Credibility with Flexibility: The Evolution of Inflation-Targeting Regimes, 1990–2006
Beginning with a review of the adoption of inflation targeting in a broad group of countries, Paulin focuses on changes in the design of inflation-targeting frameworks in light of fifteen years of accumulated experience. Included in the discussion are the use of numerical targets and ranges, the policy horizon, supporting institutional policy structures, and communication, including the publication of forecasts. A recurring theme is how much flexibility an inflation-targeting regime allows. The article concludes that the changes made to the frameworks have been relatively modest since their adoption, but in concert with the improved credibility that has resulted from central banks meeting their inflation-control targets, they have allowed an increasingly nuanced response to economic shocks. -
June 21, 2006
Bank of Canada Review - Summer 2006
Cover page
Irish Gun Money
The coins pictured on the cover are part of the National Currency Collection of the Bank of Canada.
Photography by Gord Carter -
June 21, 2006
Financial System Review - June 2006
The financial system makes an important contribution to the welfare of all Canadians. The ability of households and firms to confidently hold and transfer financial assets is one of the fundamental building blocks of the Canadian economy.
-
-
-
-
June 21, 2006
The Bank of Canada’s Role in the Oversight of Clearing and Settlement Systems
This article sets out the Bank’s mandate for regulatory oversight of clearing and settlement systems, the strategy that is followed, and the key activities relevant to the conduct of oversight. -
-