This is Stanley Winer's Typepad Profile.
Join Typepad and start following Stanley Winer's activity
Stanley Winer
Recent Activity
Concerning your fourth question Nick, you started by saying that "The whole point of having flexible exchange rates and an independent monetary policy is supposed to be that it allows the Bank of Canada to set aggregate demand for domestic objectives regardless of what happens in the rest of the world." I am not sure this is in fact the reason we have either flexible exchange rates or monetary independence (such as it is in Canada). But in any event, if there is a need to offset real shocks hitting us from the rest of the world, and these happen quite often, can the Bank contribute to this stabilization while pursuing an inflation target defined as that target is now?
Stan
Four questions for the Bank of Canada
Three of those questions are questions the Bank of Canada is asking itself (and anyone else who cares to listen). I want to add a fourth. The Bank held a workshop yesterday. Stephen and I attended, along with a few dozen other Canadian economists. It was about the Bank's inflation targeting fram...
Stanley Winer is now following The Typepad Team
Nov 21, 2010
Subscribe to Stanley Winer’s Recent Activity