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008171031s2017    oncd    ob   f000 0 eng d
040 |aCaOODSP|beng
041 |aeng|bfre
043 |an-cn---
0861 |aFB3-7/2017-13E-PDF
1001 |aAmano, Robert A.
24510|aRedistributive effects of a change in the inflation target |h[electronic resource] / |cRobert Amano, Thomas Carter and Yaz Terajima.
260 |a[Ottawa] : |bBank of Canada, |cc2017.
300 |aii, 6 p. : |bcol. chart
4901 |aStaff analytical note = Note analytique du personnel, |x2369-9639 ; |v2017-13
500 |aCover title.
504 |aIncludes bibliographical references (p. 4).
5203 |a"In light of the financial crisis and its aftermath, several economists have argued that inflation targeting central banks should reconsider the level of their inflation targets. While the appropriate level for the inflation target remains an open question, it’s important to note that any transition to a new target would entail certain costs. In this note, we consider one dimension of these costs, namely, the redistributive effects stemming from the fact that financial contracts are often written in nominal terms and would thus experience changes in real value following the announcement of a new target"--Abstract, p. ii.
546 |aIncludes abstract in French.
69207|2gccst|aInflation
69207|2gccst|aEconomic impact
69207|2gccst|aMonetary policy
7001 |aCarter, Thomas.
7001 |aTerajima, Yaz.
7102 |aBank of Canada.
830#0|aStaff analytical note,|x2369-9639 ; |v2017-13|w(CaOODSP)9.807323
85640|qPDF|s887 KB|uhttps://publications.gc.ca/collections/collection_2017/banque-bank-canada/FB3-7-2017-13-eng.pdf