Language selection

Government of Canada / Gouvernement du Canada

Search

Gaining credibility for inflation targets / by James Yetman.: FB3-2/101-11E

Cover image

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=9.615717&sl=0

Publication information
Department/Agency
  • Bank of Canada.
TitleGaining credibility for inflation targets / by James Yetman.
Series title
  • Working paper 1192-5434 2001-11
Publication typeMonograph - View Master Record
Language[English]
FormatPhysical text
Other formatsDigital text-[English]
Note(s)
  • "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.
  • Résumés en français
Publishing information
  • Ottawa - Ontario : Bank of Canada 2001.
BindingSoftcover
Descriptionvi, 33p. : figs., graphs, references ; 28 cm.
ISSN1192-5434
Catalogue number
  • FB3-2/101-11E
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

Report a problem or mistake on this page
Date modified: