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Canada's Difficult Experience in Reducing Inflation: Cautionary Lessons

Author

Listed:
  • John Crow

    (former Governor of the Bank of Canada)

Abstract

This Commentary provides an insider’s perspective on Canada’s difficult experience with inflation before the mid-1990s and draws some general lessons from this historical record for today’s monetary policy.

Suggested Citation

  • John Crow, 2009. "Canada's Difficult Experience in Reducing Inflation: Cautionary Lessons," C.D. Howe Institute Commentary, C.D. Howe Institute, issue 299, November.
  • Handle: RePEc:cdh:commen:299
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    File URL: https://www.cdhowe.org/public-policy-research/canadas-difficult-experience-reducing-inflation-cautionary-lessons
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    Cited by:

    1. Michael Berlemann & Kai Hielscher, 2016. "Measuring Effective Monetary Policy Conservatism of Central Banks: A Dynamic Approach," Annals of Economics and Finance, Society for AEF, vol. 17(1), pages 105-132, May.

    More about this item

    Keywords

    monetary policy; Bank of Canada; inflation;

    JEL classification:

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

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