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Probing potential output : monetary policy, credibility, and optimal learning under uncertainty / by James Yetman. : FB3-2/100-10E-PDF

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

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publications.gc.ca/pub?id=9.571553&sl=1

Renseignements sur la publication
Ministère/Organisme
  • Bank of Canada.
TitreProbing potential output : monetary policy, credibility, and optimal learning under uncertainty / by James Yetman.
Titre de la série
  • Bank of Canada working paper 1701-9397 2000-10
Type de publicationMonographie - Voir l'enregistrement principal
Langue[Anglais]
FormatTexte numérique
Document électronique
Autres formats offertsTexte matériel-[Anglais]
Note(s)
  • "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.
  • Résumé en français.
Information sur la publication
  • Ottawa - Ontario : Bank of Canada May 2000.
Description37p.graphs, references, table
ISSN1701-9397
Numéro de catalogue
  • FB3-2/100-10E-PDF
Descripteurs
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