Improving on the CPI: A Proposal for a Better Inflation Indicator

11 Pages Posted: 22 Aug 2015

See all articles by Finn Poschmann

Finn Poschmann

C.D. Howe Institute

Aaron Jacobs

C.D. Howe Institute

Date Written: August 12, 2015

Abstract

The Bank of Canada should track inflation using a measure that better accounts for changes in resale housing prices, according to a new C.D. Howe Institute report. In “Improving on the CPI: A Proposal for a Better Inflation Indicator,” authors Finn Poschmann and Aaron Jacobs urge the Bank to shift its focus to a more appropriate measure of the cost of inflationary trends when conducting monetary policy.

Keywords: Monetary Policy

JEL Classification: E31, E52

Suggested Citation

Poschmann, Finn and Jacobs, Aaron, Improving on the CPI: A Proposal for a Better Inflation Indicator (August 12, 2015). C.D. Howe Institute ebrief 213. Available at SSRN: https://ssrn.com/abstract=2648546 or http://dx.doi.org/10.2139/ssrn.2648546

Finn Poschmann (Contact Author)

C.D. Howe Institute ( email )

67 Yonge St., Suite 300
Toronto, Ontario M5E 1J8
Canada
416-865-1904 (Phone)
416-865-1866 (Fax)

HOME PAGE: http://www.cdhowe.org

Aaron Jacobs

C.D. Howe Institute

67 Yonge St., Suite 300
Toronto, Ontario M5E 1J8
Canada

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