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Inflation and the Macroeconomy: Changes from the 1980s to the 1990s

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Abstract

Over the last 10 years, the level of inflation has been much lower than in the previous two decades. At the same time, the behaviour of inflation has changed profoundly. By surveying the data and the economic research, the author first examines changes in the variability, growth rates, and behaviour of some of the major macroeconomic variables during the 1980s and 1990s. He then looks at how these changes are linked to a shift in the approach of monetary policy over the period. Lastly, he reviews the economic benefits that these changes have had for Canada.

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Bibliographic Info

Article provided by Bank of Canada in its journal Bank of Canada Review.

Volume (Year): 2002 (2002)
Issue (Month): Spring ()
Pages: 3-18

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Handle: RePEc:bca:bcarev:v:2002:y:2002:i:spring02:p:3-18

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Cited by:
  1. Klas Fregert & Lars Jonung, 2007. "Policy rule evaluation by contract-makers: 100 years of wage contract length in Sweden," European Economy - Economic Papers 270, Directorate General Economic and Monetary Affairs (DG ECFIN), European Commission.
  2. Kathlyn Lucia & Stephanie Price & Edwin Wong & Richard Startz, 2008. "The Changing Relation Between the Canadian and U.S. Yield Curves," Working Papers UWEC-2008-05, University of Washington, Department of Economics.
  3. David Longworth, 2003. "Implications of a changing economic structure for the strategy of monetary policy : commentary," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 349-360.
  4. Charles Freedman & Douglas Laxton, 2009. "Why Inflation Targeting?," IMF Working Papers 09/86, International Monetary Fund.
  5. Jeffery D. Amato & Andrew Filardo & Gabriele Galati & Goetz von Peter & Feng Zhu, 2005. "Research on exchange rates and monetary policy: an overview," BIS Working Papers 178, Bank for International Settlements.
  6. Jamie Armour, 2006. "An Evaluation of Core Inflation Measures," Working Papers 06-10, Bank of Canada.
  7. Vladimir Klyuev & Heesun Kiem & Ondra Kamenik & Douglas Laxton, 2008. "Why is Canada's Price Level so Predictable?," IMF Working Papers 08/25, International Monetary Fund.
  8. repec:hal:journl:hal-00308557 is not listed on IDEAS
  9. Christopher Ragan, 2012. "Financial Stability: The Next Frontier for Canadian Monetary Policy," C.D. Howe Institute Commentary, C.D. Howe Institute, issue 338, January.
  10. Bordes, C. & Clerc, L., 2004. "Price Stability and The ECB's Monetary Policy Strategy," Working papers 109, Banque de France.
  11. Gabriele Galati & William R. Melick, 2006. "The evolving inflation process: an overview," BIS Working Papers 196, Bank for International Settlements.
  12. Christian Bordes & Laurent Clerc, 2007. "Price Stability and the ECB'S monetary policy strategy," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00308557, HAL.

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