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Session 7: Canada's Experience with Inflation Targeting

12:00 - 1:30 pm

The head of Canada's central bank will present his views on the extent to which the Bank of Canada's adoption of an explicit inflation target boosted the BoC's creditability and to what extent it has improved the effectiveness of monetary policy in Canada

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Speakers

Chris Lawless, Chief Economist, BC Investment Management Corp, moderator

David A. Dodge
Governor
Bank of Canada

David A. Dodge was appointed Governor of the Bank of Canada on 1 February 2001, for a term of seven years. As Governor, he is Chairman of the Board of Directors of the Bank.

A native of Toronto, Mr. Dodge received a bachelor's degree (Honours) in Economics from Queen's University, and a PhD in Economics from Princeton (1972).

During his academic career he has served as Assistant Professor of Economics at Queen's University; Associate Professor of Canadian Studies and International Economics at the School of Advanced International Studies, Johns Hopkins University; Senior Fellow in the Faculty of Commerce at the University of British Columbia; and Visiting Professor in the Department of Economics at Simon Fraser University. He has also served as Director of the International Economics Program of the Institute for Research on Public Policy.

During a distinguished career in the federal public service, Mr. Dodge has held senior positions in the Central Mortgage and Housing Corporation, the Anti-Inflation Board, and the Department of Employment and Immigration. After serving in a number of increasingly senior positions at the Department of Finance, including that of G-7 Deputy, Mr. Dodge was appointed Deputy Minister of Finance in 1992. In that role, he served as a member of the Bank's Board of Directors until 1997.

In 1998, Mr. Dodge was appointed Deputy Minister of Health, where he served until the announcement of his appointment as Governor of the Bank of Canada.