000 02162nam##2200325za#4500
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008150406|2001||||xxc|||||o    f|0| 0 eng|d
022 |a1701-9397
040 |aCaOODSP|beng
043 |an-cn---
0861 |aFB3-2/101-11E-PDF
1102 |aBank of Canada.
24510|aGaining credibility for inflation targets / |h[electronic resource]|cby James Yetman.
260 |aOttawa - Ontario : |bBank of Canada |cJuly 2001.
300 |a42p.|bgraphs, references
4901 |aBank of Canada working paper|x1701-9397|v2001-11
500 |a"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.
500 |aThe ISSN (1192-5434) for the print edition has been incorrectly copied in this electronic publication.
5203 |aIn 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
546 |aRésumé en français.
590 |a11-19-Supp|b2011-09-23
69007|aInflation|2gcpds
69007|aEconomic conditions|2gcpds
7201 |aYetman, James
7760#|tGaining credibility for inflation targets / |w(CaOODSP)9.615717
830#0|aWorking paper (Bank of Canada)|x1701-9397|v2001-11|w(CaOODSP)9.504604
85640|ahttp://publications.gc.ca|qPDF|s185 KB|uhttps://publications.gc.ca/collections/Collection/FB3-2-101-11E.pdf|y2001-11