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
Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.571710&sl=0
| Department/Agency | Bank of Canada. |
|---|---|
| Title | Monetary rules when economic behaviour changes / by Robert Amano, Don Coletti and Tiff Macklem. |
| Series title | Bank of Canada working paper1701-939799-8 |
| Publication type | Series - View Master Record |
| Language | [English] |
| Format | Electronic |
| Electronic document | |
| Other formats | Paper-[English] |
| 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. |
| Publishing information | Ottawa - Ontario : Bank of Canada April 1999. |
| Description | 55p.graphs, references, tables |
| ISSN | 1701-9397 |
| Catalogue number |
|
| Subject terms | Monetary policy Inflation |