By Maurice Obstfeld, Douglas Laxton, Yulia Ustyugova, and Hou Wang
For the past 25 years, Canada’s monetary policy framework has been working well. Headline inflation averaged 1.9 percent, 1994–2015, and long-term inflation expectations have been very well anchored to the 2 percent target (Chart 1).
Filed under: Advanced Economies, banking, Economic research, IMF, inflation targeting, International Monetary Fund, monetary policy, U.S. | Tagged: Bank of Canada, Bank of England, debt-to-GDP ratio, Dincer-Eichengreen transparency index, IMF, inflation targeting, interest rates, International Monetary Fund, monetary policy, United States | Leave a comment »