Monetary rules when economic behaviour changes / by Robert Amano, Don Coletti and Tiff Macklem. : FB3-2/99-8E
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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| Department/Agency | Bank of Canada. |
|---|---|
| Title | Monetary rules when economic behaviour changes / by Robert Amano, Don Coletti and Tiff Macklem. |
| Series title | Working paper1192-543499-8 |
| Publication type | Series - View Master Record |
| Language | [English] |
| Format | Paper |
| Other formats | Electronic-[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. Résumés en français |
| Publishing information | Ottawa - Ontario : Bank of Canada 1999. |
| Binding | Softcover |
| Description | v, 46p. : graphs, references, tables ; 28 cm. |
| ISBN | 0-662-27795-3 |
| ISSN | 1192-5434 |
| Catalogue number |
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| Departmental catalogue number | 99-8 |
| Subject terms | Monetary policy Inflation |