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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| Title | Identifying policy-makers' objectives : an application to the Bank of Canada / by Nicholas Rowe and James Yetman. |
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| Publication type | Monograph - View Master Record |
| Language | [English] |
| Format | Digital text |
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| Other formats | Physical text-[English] |
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| Description | 29p.graphs, references |
| ISSN | 1701-9397 |
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