There are five topics of debate that I will cover today: 1) Does inflation targeting improve economic performance? 2) Is inflation targeting consistent with the dual mandate? 3) Can central bank transparency go too far? 4) Would a price level target be better than an inflation target? 5) Would a point target be better than a target range?
Mishkin, Frederic. "The Inflation Targeting Debate." John Kuszczak Memorial Lecture, annual conference of the Bank of Canada, Ottawa, April 28, 2005.
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