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Monetary policy, uncertainty and the presumption of linearity / by Douglas Laxton, David Rose and Robert Tetlow.: FB3-1/63E-PDF

This report shows that extreme conditions and volatility in markets are much more likely to result from systematic policy errors in gauging and responding to inflationary pressures in an economy than from unfortunate random shocks.--Abstract

Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.572303&sl=0

Publication information
Department/Agency
  • Bank of Canada.
TitleMonetary policy, uncertainty and the presumption of linearity / by Douglas Laxton, David Rose and Robert Tetlow.
Series title
  • Technical report [63]
Publication typeMonograph - View Master Record
Language[English]
FormatDigital text
Electronic document
Other formatsPhysical text-[English]
Note(s)
  • "This report shows that extreme conditions and volatility in markets are much more likely to result from systematic policy errors in gauging and responding to inflationary pressures in an economy than from unfortunate random shocks."--Abstract.
  • The ISBN (0-662-20859-5) and ISSN (0713-7931) for the print version have been incorrectly copied in this electronic publication.
Publishing information
  • Ottawa - Ontario : Bank of Canada August 1993.
Description50p.graphs, references, tables
Catalogue number
  • FB3-1/63E-PDF
Subject terms
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