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Why is Canada's Price Level So Predictable?

Author/Editor: Vladimir Klyuev, Heesun Kiem, Ondrej Kamenik, Douglas Laxton.

Release Date:January, 2008

One of the pioneers of inflation targeting (IT), the Bank of Canada is now considering a possibility of switching to price-level-path targeting (PLPT), where past deviations of inflation from the more...



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