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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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publications.gc.ca/pub?id=9.571710&sl=1

Renseignements sur la publication
Ministère/Organisme
  • Bank of Canada.
TitreMonetary rules when economic behaviour changes / by Robert Amano, Don Coletti and Tiff Macklem.
Titre de la série
  • Bank of Canada working paper 1701-9397 99-8
Type de publicationMonographie - Voir l'enregistrement principal
Langue[Anglais]
FormatTexte numérique
Document électronique
Autres formats offertsTexte matériel-[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.
Description55p.graphs, references, tables
ISSN1701-9397
Numéro de catalogue
  • FB3-2/99-8E-PDF
Descripteurs
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