Fourth and finally, the convergence of inflation has to be self-sustained in the sense that inflation will return to the area consistent with our definition of price stability and will remain there even when the current level of monetary policy support is withdrawn. This last condition clearly requires an estimate of how much the asset purchase programme is contributing to current and future inflation.
This is in contrast to the rising trend of the previous three decades, when an increasing number of women and baby boomers were entering the labour market. 1  BIS Review 135/1999  During the 1990s, trends in employment rates in Canada also diverged significantly from those in the United States, contributing to an increased gap in living standards between the two countries.