BoC paper experiments with price-level targeting


A Bank of Canada (BoC) paper published on Friday shows the public's perception of inflation can effectively revert towards a price-level targeting regime even though forecasts of future inflation are not fully utilised.

Robert Amano, Jim Engle-Warnick and Malik Shukayev, the paper's authors, shed light on the formation of inflation expectations under a price-level targeting regime by conducting an economics decision-making experiment that tests the key assumptions underpinning the efficacy of

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: