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Andrew Baldwin's avatar

Great video as usual, Isaac. I noticed Professor Trevor Tombe sitting on Danielle Smith's left in one of your video clips. I wonder if he now concedes that the Bank of Canada in its 2021 renewal agreement moved to a policy that was essentially the same as the US Fed's so-called average inflation targeting framework. Our current PM, Mark Carney, enthused about the new US Fed framework in his book "Value(s)", which for some reason never got the attention during the election campaign that it deserved. This is very much a live issue as our central bank has never renounced its commitment to inflation overshooting at the effective lower bound, a policy that is as alarming as it sounds. We saw what it did to our inflation rate in 2022. Since he is living in Calgary why don't you try to interview Professor Tombe and ask him about this?

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Peter Lafontaine's avatar

Good job on this review.

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