Monetary Policy Towards a Systematic Review of Canada’s Monetary Policy Regime
Why this work is in the frame
A frame that forgets how it found something cannot be audited. These are the routes that admitted this work.
Bibliographic record
Abstract
In this issue... The Bank of Canada has announced that its inflation-targeting regime, in place since 1991, is at last to get a thorough review. The issues needing examination include whether to move to a “price stability ” program, which might be both feasible and desirable. The Study in Brief When Canada adopted a 2 per cent inflation target in 1991, it did so in anticipation that, after further study, there would be a move to “price stability ” beyond 1995. While inflation targeting has created a lowinflation environment, with good effects for Canada’s economy, price stability has slipped from the agenda. The objective was postponed in 1993, and it subsequently disappeared altogether. The Bank of Canada, however, in 2006 made a new promise to study all aspects of inflation targeting, as a prelude to possible reform of the current program at renewal time in 2011. Research must cover technical matters, but it should also re-open the price stability question. Switching to this goal would require careful preparation, so it needs early study. Price stability would have two key features. Instead of the current 2 percent, 1 percent CPI inflation
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Full frame distilled prediction
Teacher imitationNot calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.
Codex and Gemma teacher scores by category
| Category | Codex | Gemma |
|---|---|---|
| Metaresearch | 0.001 | 0.000 |
| Meta-epidemiology (narrow) | 0.000 | 0.000 |
| Meta-epidemiology (broad) | 0.001 | 0.000 |
| Bibliometrics | 0.000 | 0.000 |
| Science and technology studies | 0.000 | 0.000 |
| Scholarly communication | 0.000 | 0.000 |
| Open science | 0.000 | 0.000 |
| Research integrity | 0.000 | 0.000 |
| Insufficient payload (model declined to judge) | 0.002 | 0.000 |
Machine scores (provisional)
The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.
Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.
score_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it