Gaining credibility for inflation targets / by James Yetman.: FB3-2/101-11E-PDF
In this paper, I consider a simple model in which agents learn about the inflation target of a central bank over time by observing the policy instrument or inflation outcomes. Measuring credibility as the distance between the perceived target and the actual target, an increase in credibility is beneficial to the central bank because it brings the policy consistent with attaining the inflation target closer to that required to attain the output target.--Abstract
Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.571566&sl=0
| Department/Agency |
|
|---|---|
| Title | Gaining credibility for inflation targets / by James Yetman. |
| Series title |
|
| Publication type | Monograph - View Master Record |
| Language | [English] |
| Format | Digital text |
| Electronic document | |
| Other formats | Physical text-[English] |
| Note(s) |
|
| Publishing information |
|
| Description | 42p.graphs, references |
| ISSN | 1701-9397 |
| Catalogue number |
|
| Subject terms |
Request alternate formats
To request an alternate format of a publication, complete the Government of Canada Publications email form. Use the form’s “question or comment” field to specify the requested publication.Page details
- Date modified: