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008150406|2000||||xxc|||||     f|0| 0 eng|d
020 |a0-662-29002-X
022 |a1192-5434
040 |aCaOODSP|beng
043 |an-cn---
0861 |aFB3-2/100-10E
1102 |aBank of Canada.
24510|aProbing potential output : |bmonetary policy, credibility, and optimal learning under uncertainty / |cby James Yetman.
260 |aOttawa - Ontario : |bBank of Canada |c2000.
300 |avi, 27p. : |bgraphs, references, tables ; |c28 cm.
4901 |aWorking paper|x1192-5434|v2000-10
500 |a"Monetary authorities have put significant emphasis on attaining credibility for their policy objectives in recent years. Steps taken by the Bank of Canada have included announcing explicit inflation targets, publishing detailed accounts of inflation developments and the conduct of monetary policy, and issuing press releases explaining changes in the Bank Rate... The question addressed here is whether an increase in credibility increases the desirability of probing. In other words, should a monetary authority that has increased its credibility follow a more aggressive policy in order to obtain more precise estimates of the parameters of the economy?"--Introduction.
5203 |aMonetary authorities have put significant emphasis on attaining credibility for their policy objectives in recent years. Steps taken by the Bank of Canada have included announcing explicit inflation targets, publishing detailed accounts of inflation developments and the conduct of monetary policy, and issuing press releases explaining changes in the Bank Rate... The question addressed here is whether an increase in credibility increases the desirability of probing. In other words, should a monetary authority that has increased its credibility follow a more aggressive policy in order to obtain more precise estimates of the parameters of the economy?--Introduction
546 |aRésumés en français
563 |aSoftcover
590 |a00-22|b2000-06-22
69007|aMonetary policy|2gcpds
69007|aInflation|2gcpds
7201 |aYetman, James
7760#|tProbing potential output : |w(CaOODSP)9.571553
830#0|aWorking paper,|x1192-5434|v2000-10|w(CaOODSP)9.514622