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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
    as

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    File URL: https://www.cdhowe.org/public-policy-research/canadas-difficult-experience-reducing-inflation-cautionary-lessons
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    References listed on IDEAS

    as
    1. David Laidler & William B.P. Robson, 2004. "Two Percent Target: The Context, Theory, and Practice of Canadian Monetary Policy since 1991," C.D. Howe Institute Policy Studies, C.D. Howe Institute, number 20041, January.
    2. William B.P. Robson, 2009. "To the Next Level: From Gold Standard to Inflation Targets - to Price Stability?," C.D. Howe Institute Commentary, C.D. Howe Institute, issue 285, March.
    Full references (including those not matched with items on IDEAS)

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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.
    2. Scott Aquanno & Jordan Brennan, 2016. "The Politics of Canadian Monetary Policy: Reassessing Canadian Inflation, Part II," Journal of Economic Issues, Taylor & Francis Journals, vol. 50(3), pages 814-833, July.

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    More about this item

    Keywords

    monetary policy; Bank of Canada; inflation;
    All these keywords.

    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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