000	02051cam  2200301za 4500
001	9.847708
003	CaOODSP
005	20221107153512
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008	171124s2017    oncd    ob   f000 0 eng d
040	|aCaOODSP|beng
041	|aeng|bfre
043	|an-cn---
086	1 |aFB3-6/2017-14E-PDF
100	1 |aKozicki, Sharon,|d1964-
245	10|aCommunicating uncertainty in monetary policy |h[electronic resource] / |cby Sharon Kozicki and Jill Vardy.
260	|a[Ottawa] : |bBank of Canada, |c2017.
300	|aiii, 26 p. : |bcol. chart
490	1 |aBank of Canada staff discussion paper, |x1914-0568 ; |v2017-14
500	|a"November 2017."
504	|aIncludes bibliographical references.
520	3 |a"While central banks cannot provide complete foresight with respect to their future policy actions, it is in the interests of both central banks and market participants that central banks be transparent about their reaction functions and how they may evolve in response to economic developments, shocks, and risks to their outlooks. This paper outlines the various ways in which the Bank of Canada seeks to explain its economic outlook and monetary policy decisions, with an emphasis on how different sources of uncertainty factor into monetary policy communications. To help markets and others understand its reaction function, the central bank must explain what uncertainties are weighing on policy and how (or if) these uncertainties are being considered in policy formulation. Discussion of uncertainty becomes particularly important when a large shock has hit the economy or when a central bank’s view or its policy stance is changing"--Abstract, p. ii.
546	|aIncludes abstract in French.
692	07|2gccst|aMonetary policy
700	1 |aVardy, Jill, |d1964- .
710	2 |aBank of Canada.
830	#0|aStaff discussion paper (Bank of Canada)|v2017-14|w(CaOODSP)9.806273
856	40|qPDF|s527 KB|uhttps://publications.gc.ca/collections/collection_2017/banque-bank-canada/FB3-6-2017-14-eng.pdf