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

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  • Pierre L. Siklos

    (Wilfrid Laurier University)

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.

Suggested Citation

  • Pierre L. Siklos, 2009. "As Good As It Gets? The International Dimension to Canada's Monetary Policy Strategy Choices," C.D. Howe Institute Commentary, C.D. Howe Institute, issue 292, July.
  • Handle: RePEc:cdh:commen:292
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    References listed on IDEAS

    as
    1. Pierre Siklos & Martin Bohl, 2009. "Asset Prices as Indicators of Euro Area Monetary Policy: An Empirical Assessment of Their Role in a Taylor Rule," Open Economies Review, Springer, pages 39-59.
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    Citations

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    Cited by:

    1. Philippe Bergevin & David Laidler, 2010. "Putting Money Back into Monetary Policy: A Monetary Anchor for Price and Financial Stability," C.D. Howe Institute Commentary, C.D. Howe Institute.
    2. Pierre L. Siklos & Matthias Neuenkirch, 2015. "How Monetary Policy Is Made: Two Canadian Tales," International Journal of Central Banking, International Journal of Central Banking, vol. 11(1), pages 225-250, January.
    3. Pierre L. Siklos, 2011. "Transparency is Not Enough: Central Bank Governance as the Next Frontier," Chapters,in: Handbook of Central Banking, Financial Regulation and Supervision, chapter 5 Edward Elgar Publishing.
    4. Thorsten V. Koeppl, 2009. "How Flexible Can Inflation Targeting Be? Suggestions for the Future of Canada's Targeting Regime," C.D. Howe Institute Commentary, C.D. Howe Institute, issue 293, August.
    5. Pierre Siklos, 2010. "Taking Monetary Aggregates Seriously," e-briefs 94, C.D. Howe Institute.
    6. Gretchen Van Riesen, 2009. "The Pension Tangle: Achieving Greater Uniformity of Pension Legislation and Regulation in Canada," C.D. Howe Institute Commentary, C.D. Howe Institute, issue 294, August.

    More about this item

    Keywords

    monetary policy; Bank of Canada; inflation targeting;

    JEL classification:

    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

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