See M. Bordo, T. Gomes and L. Schembri, “Canada and the IMF: Trailblazer or Prodigal Son?” Discussion Paper 2009–1, Bank of Canada, 2009; and D. Dodge, “The Evolving International Monetary Order and the Need for an Evolving IMF” (speech to Woodrow Wilson School of Public and International Affairs, Princeton, New Jersey, 30 March 2006).
BIS central bankers’ speeches  the purpose of a monetary policy framework is to allow Canadians to make longer-term decisions without having to worry too much about inflation – and that argues against changing our framework unless it’s really necessary. A matter of time Let’s now look at time and the way in which it enters into how we target inflation.