The Kansas City Fed has published a paper by George A. Kahn titled Beyond Inflation Targeting: Should Central Banks Target the Price Level?
The PDF is copy-protected – jerks!
Price Level Targetting was also discussed in the BoC Spring 2009 Review.
2 comments Should Central Banks Target the Price Level?
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Mail the pdf as an attachment to a gmail account. Click view on the attachment. When the gmail pdf viewer opens, click Plain HTML at the top.
[…] article concludes that the low level of inflation persistence in Canada will facilitate Price Level Targetting, should be BoC implement such a policy: For a central bank considering the relative merits of […]