6  5  S. Kozicki, E. Santor, and L. Suchanek, “Unconventional Monetary Policy: The International Experience with Central Bank Asset Purchases,” Bank of Canada Review (Spring 2011): 13–25.
6  More generally, NGDP-level targeting seeks to target a level of nominal GDP growing at the rate of the inflation target – say 2 per cent – plus the long-term potential growth of the economy. For economies like the United States and Canada, that would mean keeping NGDP on a path that would grow at a rate between 4 and 5 per cent.