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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| Department/Agency | Bank of Canada. |
|---|---|
| Title | Identifying policy-makers' objectives : an application to the Bank of Canada / by Nicholas Rowe and James Yetman. |
| Series title | Bank of Canada working paper1701-93972000-11 |
| Publication type | Series - View Master Record |
| Language | [English] |
| Format | Electronic |
| Electronic document | |
| Other formats | Paper-[English] |
| Note(s) | "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. The ISBN (0-662-29131-X) and ISSN (1192-5434) for the print edition have been incorrectly copied in this electronic publication. Résumé en français. |
| Publishing information | Ottawa - Ontario : Bank of Canada June 2000. |
| Description | 29p.graphs, references |
| ISSN | 1701-9397 |
| Catalogue number |
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| Subject terms | Monetary policy Inflation Interest rates |
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