The Conduct of Monetary Policy:
(a) Broadly state the objectives of monetary policy as set by the US Federal Reserve? How different are the Feds policy in this regards from those of the Bank of Canada?
(b) What price index is the US Feds preferred way to measure inflation? What price index is the Bank of Canada's preferred way to measure inflation?
(c) Compile monthly data on the preferred inflation rate measures of these two countries as far back as January 2010 to chart them against their respective central bank's target for inflation rate (identified in part (a))