Identifying policy-makers' objectives : an application to the Bank of Canada / by Nicholas Rowe and James Yetman. : FB3-2/100-11E-PDF
The objective of a policy authority can be thought of as the targeting of particular macroeconomic variables (hereafter called target variables) towards some level... The standard approach to testing hypotheses about the objective of a monetary authority is to estimate a policy reaction function... In this paper, we develop a new test to determine the objective of a policy authority and implement our test using Canadian data.--Introduction
Lien permanent pour cette publication :
publications.gc.ca/pub?id=9.571554&sl=1
Ministère/Organisme | Bank of Canada. |
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Titre | Identifying policy-makers' objectives : an application to the Bank of Canada / by Nicholas Rowe and James Yetman. |
Titre de la série | Bank of Canada working paper1701-93972000-11 |
Type de publication | Série - Voir l'enregistrement principal |
Langue | [Anglais] |
Format | Électronique |
Document électronique | |
Autres formats offerts | Papier-[Anglais] |
Note(s) | "The objective of a policy authority can be thought of as the targeting of particular macroeconomic variables (hereafter called target variables) towards some level... The standard approach to testing hypotheses about the objective of a monetary authority is to estimate a policy reaction function... In this paper, we develop a new test to determine the objective of a policy authority and implement our test using Canadian data."--Introduction. The ISBN (0-662-29131-X) and ISSN (1192-5434) for the print edition have been incorrectly copied in this electronic publication. Résumé en français. |
Information sur la publication | Ottawa - Ontario : Bank of Canada June 2000. |
Description | 29p.graphs, references |
ISSN | 1701-9397 |
Numéro de catalogue |
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Descripteurs | Monetary policy Inflation Interest rates |