tag:blogger.com,1999:blog-6704573462403312459.post5935606465170715981..comments2024-03-29T02:53:03.321-04:00Comments on Moneyness: A very very simple explanation of monetary policyJP Koninghttp://www.blogger.com/profile/02559687323828006535noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6704573462403312459.post-25734160014676882302020-10-22T15:48:59.885-04:002020-10-22T15:48:59.885-04:00The Bank of Canada could set its target at 0% too....The Bank of Canada could set its target at 0% too. It chooses to keep it at 2% for a number of reasons. But the key point is that the 2% target is known to everyone ahead of time, so they can plan their affairs around it.JP Koninghttps://www.blogger.com/profile/02559687323828006535noreply@blogger.comtag:blogger.com,1999:blog-6704573462403312459.post-137183096495194422020-10-22T15:28:09.662-04:002020-10-22T15:28:09.662-04:00If the National Research Council allowed the value...If the National Research Council allowed the value of the kg to decrease by on average 2% each year then they would (rightly) be replaced. Yet the Bank of Canada is allowed to get away with doing an equivalently bad job.Anonymousnoreply@blogger.com