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
Lien permanent pour cette publication :
publications.gc.ca/pub?id=9.614815&sl=1
| Ministère/Organisme | Bank of Canada. |
|---|---|
| Titre | Monetary rules when economic behaviour changes / by Robert Amano, Don Coletti and Tiff Macklem. |
| Titre de la série | Working paper1192-543499-8 |
| Type de publication | Série - Voir l'enregistrement principal |
| Langue | [Anglais] |
| Format | Papier |
| Autres formats offerts | Électronique-[Anglais] |
| 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 |
| Information sur la publication | Ottawa - Ontario : Bank of Canada 1999. |
| Reliure | Softcover |
| Description | v, 46p. : graphs, references, tables ; 28 cm. |
| ISBN | 0-662-27795-3 |
| ISSN | 1192-5434 |
| Numéro de catalogue |
|
| Numéro de catalogue du ministère | 99-8 |
| Descripteurs | Monetary policy Inflation |