00000nam 2200000za 4500 9.847706 CaOODSP 20221107153511 cr ||||||||||| 171124s2017 oncd ob f000 0 eng d CaOODSP eng eng fre n-cn--- FB3-6/2017-13E-PDF Mendes, Rhys R., author. Monetary policy under uncertainty [electronic resource] : practice versus theory / by Rhys Mendes, Stephen Murchison and Carolyn A. Wilkins. [Ottawa] : Bank of Canada, 2017. iii, 44 p. : col. charts Bank of Canada staff discussion paper, 1914-0568 ; 2017-13 "November 2017." Includes bibliographical references. "For central banks, conducting policy in an environment of uncertainty is a daily fact of life. This uncertainty can take many forms, ranging from incomplete knowledge of the correct economic model and data to future economic and geopolitical events whose precise magnitudes and effects cannot be known with certainty. The objective of this paper is to summarize and compare the main results that have emerged in the literature on optimal monetary policy under uncertainty with actual central bank behaviour. To this end, three examples are studied in which uncertainty played a significant role in the Bank of Canada’s policy decision, to see how closely they align with the predictions from the literature"--Abstract, p. ii. Includes abstract in French. gccst Monetary policy Wilkins, Carolyn, author. Murchison, Stephen, author. Bank of Canada, issuing body. Staff discussion paper (Bank of Canada) 2017-13 (CaOODSP)9.806273 PDF 690 KB https://publications.gc.ca/collections/collection_2017/banque-bank-canada/FB3-6-2017-13-eng.pdf