The High Standard Of Living In Luxembourg

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Issue:

Business

 

Written by:

Harry S

 

Date added:

October 20, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

5 / 1140

 

Was viewed:

8961 times

 

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Essay content:

Recognizing the importance of maintaining a stable inflation rate, the Bank of Canada introduced inflation control targets in 1991, when inflation was 5.9%. {draw:frame} The inflation control targets assist the Bank in determining what monetary policy actions are needed in the short- and medium-term to maintain a relatively stable price environment...
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One of the most important benefits of inflation targets is their role in focussing expectations of future inflation. This in turn feeds back into the kind of economic decision-making—by individuals, businesses, governments—that tends to reinforce the capacity of the economy for continuing non-inflationary growth...
displayed 300 characters

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