News
Financial Post - Don't inflate inflation; New deal with Bank of Canada should lower target to 1%
Published: 16 February 2011
(Op-ed by Christopher Ragan, David Dodge Chair in Monetary Policy at the C.D. Howe Institute and associate professor of economics at McGill):
"The Canadian government will soon unveil two crucial economic documents: the annual budget and a renewal of the inflation-targeting agreement with the Bank of Canada. The budget will appear in March and, if past history is a guide, it will likely contain the government's intentions for the new inflation-targeting agreement.
We should not miss this opportunity to adopt two policy reforms -- tightening the target and improving its measures -- to tune monetary policy so that it better preserves the value of our money…"
