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

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Renseignements sur la publication
Ministère/Organisme Bank of Canada.
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
  • FB3-2/100-11E-PDF
Descripteurs Monetary policy
Inflation
Interest rates
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