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David Dodge
Governor of the Bank of Canada (2000 - )

I think the costs of going down to [zero inflation] are high, and there are real asymmetries when you get into price deflation. We haven't got much evidence that things work a lot better at zero than they do at one or two.

Feb. 2, 2001 - quoted in "The costs of getting to perfection", by William Thorsell, published in the Globe and Mail