Central banks to choose this long-run policy target

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Reference no: EM131091831

In the text we stated that the bank of Canada's long run policy target is the rate of inflation

A) What experiences have led many central banks to choose this long-run policy target?

B) The bank of Canada closely monitors the level of real gdp and the output gap in the short run. How does it use this information in pursuit of its long run policy of targeting the rate of inflation at 2 percent?

Reference no: EM131091831

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