We know that inflation targeting has turned out to be far superior to any other framework that has been tried. Also, as I have stressed, part of  1  2  Canada adhered to Bretton Woods for only part of the post-war period.
However, we must nevertheless learn specific lessons from each individual case. Second, as this issue concerns appropriate, tailored solutions – and therefore discretionary scope as well – efficient decision-making processes are required. In this context, coordination between all of the institutional stakeholders plays a very important role.