Monetary rules when economic behaviour changes / by Robert Amano, Don Coletti and Tiff Macklem. : FB3-2/99-8E-PDF
This paper examines the implications of changes in economic behaviour for simple inflation-forecast-based monetary rules of the type currently used at two inflation-targeting central banks. Three types of changes in economic behaviour are considered, changes that are motivated by developments in monetary and fiscal policy in the 1990s: changes in monetary policy credibility, changes in the slope of the Phillips curve, and changes in the degree of income stabilization from automatic fiscal transfers.--Page v
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| Ministère/Organisme | Bank of Canada. |
|---|---|
| Titre | Monetary rules when economic behaviour changes / by Robert Amano, Don Coletti and Tiff Macklem. |
| Titre de la série | Bank of Canada working paper1701-939799-8 |
| Type de publication | Série - Voir l'enregistrement principal |
| Langue | [Anglais] |
| Format | Électronique |
| Document électronique | |
| Autres formats offerts | Papier-[Anglais] |
| Note(s) | "This paper examines the implications of changes in economic behaviour for simple inflation-forecast-based monetary rules of the type currently used at two inflation-targeting central banks. Three types of changes in economic behaviour are considered, changes that are motivated by developments in monetary and fiscal policy in the 1990s: changes in monetary policy credibility, changes in the slope of the Phillips curve, and changes in the degree of income stabilization from automatic fiscal transfers."--Page v. The ISBN (0-662-27795-3) 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 April 1999. |
| Description | 55p.graphs, references, tables |
| ISSN | 1701-9397 |
| Numéro de catalogue |
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| Descripteurs | Monetary policy Inflation |