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Getting Talk Back on Target: The Exchange Rate and the Inflation Rate

Author

Listed:
  • David Laidler

    (C.D. Howe Institute)

Abstract

Recent efforts by the Bank of Canada to “talk down” the dollar in its public statements have led to public perceptions that the Bank is considering action to weaken it.In permitting this response to gather momentum, the Bank has stepped onto a slippery slope, because if talk seems to be failing, people might reasonably expect direct intervention in the exchange market to follow.

Suggested Citation

  • David Laidler, 2009. "Getting Talk Back on Target: The Exchange Rate and the Inflation Rate," e-briefs 89, C.D. Howe Institute.
  • Handle: RePEc:cdh:ebrief:89
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    File URL: https://www.cdhowe.org/public-policy-research/getting-talk-back-targetthe-exchange-rate-and-inflation-rate
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    More about this item

    Keywords

    Bank of Canada; inflation rate; exchange rate;

    JEL classification:

    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • E4 - Macroeconomics and Monetary Economics - - Money and Interest Rates

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