Research Catalog

Title

Unstable foundations : asset markets, inflation targets, and Canada's 2011 policy choices / David Laidler, Robin Banerjee.

Author

Laidler, David E. W.

Publication

Toronto, ON : C.D. Howe Institute, 2008.

Items in the Library & Off-site

Holdings

Details

Additional Authors

Banerjee, Robin.

Description

25 p. : ill.; 28 cm.

Summary

The current financial crisis is creating a plethora of visible and immediate policy problems, but it also raises longer-run questions about the adequacy of inflation targgeting as a basis for Canada's monetary regime, which this Commentary addresses. Asset price bubbles and the excessive swings in real economic activity that typically accompany them seem less likely to develop when a broad inflation measure like Canada's CPI is targeted, and when long upswings in inflation, even at low overall levels, are not permitted to gain momentum. But beyond these considerations, because bubbles are usually sector specific, conventional monetary policy is unsuitable for their pre-emption, a task better delegated to regulators.

Series Statement

C.D. Howe Institute commentary. Monetary policy ; no. 278

Uniform Title

• Commentary (C.D. Howe Institute) ; no. 278.
• Commentary (C.D. Howe Institute). Monetary policy.

Alternative Title

Asset markets, inflation tarets, and Canada's 2011 policy choices

Subject

• Banque du Canada
• Monetary policy > Canada
• Inflation (Finance) > Canada
• Financial crises > Canada
• Canada > Economic policy

Note

• Cover title.

Bibliography (note)

• Includes bibliographical references (p. 21-22).

Processing Action (note)

• committed to retain

ISBN

• 9780888067760 (Paper)
• 0888067763 (Paper)

OCLC

299123498

Owning Institutions

Harvard Library