In the 1st commentary, William R. White argues that central banks may need to rethink how they approach inflation targeting and argues that central banks should adopt a macrofinancial stability framework that leans against credit excesses and tolerates small downturns.
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In the fall of 2026, the Bank of Canada and Government of Canada will complete their regular review of Canada’s Monetary Policy Framework. It will include an assessment of how well the inflation targe...
