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One nation under two per cent: Is it time for a shake-up of the economy鈥檚 most important number?
Published: 3 September 2020
September 3, 2020 | As far as the Bank of Canada聽is concerned, the economy works best when cost of consumed goods and services聽increases聽at a rate of about two per cent every year. In this article by The Kingston Whig Standard, Max Bell School Director Chris Ragan shared his thoughts on the Bank of Canada's options for the future of monetary policy.
鈥淚 think the debate that we should be having in the next, let鈥檚 say, year, is 鈥� what should the bank be targeting?鈥� said Chris Ragan, Max Bell School Director. 鈥淪hould it be targeting high or low inflation? Should it have a dual mandate? What should it be doing? And I think we need a better debate on these options.鈥�
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