As Good As It Gets? The International Dimension to Canada's Monetary Policy Strategy Choices

Abstract

The Bank of Canada must take account of the international environment, where inflation targeting has become widespread, as it considers Canada’s future options. This study examines international experience with monetary policy over the past decade and the consequences of the worldwide spread of inflation-control regimes for Canada’s targeting program, which expires on December 31, 2011.monetary policy, Bank of Canada, inflation targeting