Poloz: standard inflation theories still work

Stephen Poloz
Bank of Canada

Stephen Poloz, governor of the Bank of Canada, came to the defence of standard economic theory in remarks on November 7, arguing the relationship between inflation and unemployment is still intact.

“The underlying trend in inflation is driven by the laws of supply and demand, which are as applicable today as they ever were,” the governor said.

Inflation targeting has come under heightened scrutiny lately, as inflation across many advanced economies has failed to rise in the face of aggressive

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: