Inflation targets

• October 27, 2015

  Inflation Targeting—A Matter of Time

  Remarks Timothy Lane CFA Society Atlantic Canada Halifax, Nova Scotia

  Deputy Governor Tim Lane discusses monetary policy decision making and how the Bank assesses the underlying trend in inflation.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Econometric and statistical methods, Exchange rates, Inflation and prices, Inflation targets, Monetary and financial indicators, Monetary policy framework

• The Optimal Level of the Inflation Target: A Selective Review of the Literature and Outstanding Issues

  Staff Discussion Paper 2015-8 Oleksiy Kryvtsov, Rhys R. Mendes

  Bank of Canada research done prior to the most recent renewal of the inflation-control agreement in 2011 concluded that the benefits associated with a target below 2 per cent were insufficient to justify the increased risk of being constrained by the zero lower bound (ZLB) on nominal interest rates.

  Content Type(s): Staff research, Staff discussion papers Topic(s): Inflation targets, Inflation: costs and benefits, Monetary policy framework JEL Code(s): E, E5, E52, E58