00000nam##2200000za#4500 9.571553 CaOODSP 20211126112844 cr ||||||||||| 150406|2000||||xxc|||||o f|0| 0 eng|d 1701-9397 CaOODSP eng n-cn--- FB3-2/100-10E-PDF Bank of Canada. Probing potential output : [electronic resource] monetary policy, credibility, and optimal learning under uncertainty / by James Yetman. Ottawa - Ontario : Bank of Canada May 2000. 37p. graphs, references, table Bank of Canada working paper 1701-9397 2000-10 "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. The ISBN (0-662-29002-X) and ISSN (1192-5434) for the print edition have been incorrectly copied in this electronic publication. 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 Résumé en français. 11-19-Supp 2011-09-23 Monetary policy gcpds Inflation gcpds Yetman, James Probing potential output : (CaOODSP)9.615206 Working paper (Bank of Canada) 1701-9397 2000-10 (CaOODSP)9.504604 http://publications.gc.ca PDF 149 KB https://publications.gc.ca/collections/Collection/FB3-2-100-10E.pdf 2000-10