Canada’s Carney backs price-level target
Experience has shown that monetary and financial stability are more tightly bound than had been appreciated, Mark Carney, the governor of the Bank of Canada said, adding that this, in turn, will have consequences for the implementation of monetary policy.
Price-level targeting, Carney said, offered one potential avenue for consideration.
"A formal assessment of the merits of price-level targeting will require the development of a framework that has a more realistic depiction of real-financial
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