Panel Session I, Practical Experiences in Reducing Inflation: The Case of Canada
Chapter in NBER book The Great Inflation: The Rebirth of Modern Central Banking (2013), Michael D. Bordo and Athanasios Orphanides, editors (p. 37 - 55)
This chapter presents remarks by John Crow, governor of the Bank of Canada from 1987 to 1994. Crow describes the background of inflation in Canada and the events that led to the adoption of formal inflation targeting in 1991.
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