00000nam 2200000za 4500 9.846364 CaOODSP 20250821075100 cr ||||||||||| 171031s2017 oncd ob f000 0 eng d CaOODSP eng eng fre n-cn--- FB3-7/2017-13E-PDF Amano, Robert A. Redistributive effects of a change in the inflation target [electronic resource] / Robert Amano, Thomas Carter and Yaz Terajima. [Ottawa] : Bank of Canada, c2017. ii, 6 p. : col. chart Staff analytical note = Note analytique du personnel, 2369-9639 ; 2017-13 Cover title. Includes bibliographical references (p. 4). "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. Includes abstract in French. gccst Inflation gccst Economic impact gccst Monetary policy Carter, Thomas. Terajima, Yaz. Bank of Canada. Staff analytical note (Bank of Canada) 2369-9639 ; 2017-13 (CaOODSP)9.807323 PDF 887 KB https://publications.gc.ca/collections/collection_2017/banque-bank-canada/FB3-7-2017-13-eng.pdf