@article{Price-Level:889,
      recid = {889},
      author = {Srour, Gabriel},
      title = {Price-Level versus Inflation Targeting in a Small Open  Economy},
      publisher = {Bank of Canada},
      address = {2001},
      pages = {1 online resource (vi, 20 pages)},
      abstract = {This paper compares two types of monetary policy:  price-level targeting and inflation targeting. It reviews  recent arguments that favour price-level targeting, and  examines how certain factors, such as the nature of the  shocks affecting the economy and the degree to which agents  are forward-looking, bear upon the arguments. The paper  then extends the analysis to a small open economy such as  Canada's, and considers whether it is practical for this  country to pursue price-level targets if its dominant  trading partner, the United States, allows the price level  to drift.},
      url = {http://www.oar-rao.bank-banque-canada.ca/record/889},
      doi = {https://doi.org/10.34989/swp-2001-24},
}