00000nam##2200000za#4500 9.615206 CaOODSP 20211126112847 ta 150406|2000||||xxc||||| f|0| 0 eng|d 0-662-29002-X 1192-5434 CaOODSP eng n-cn--- FB3-2/100-10E Bank of Canada. Probing potential output : monetary policy, credibility, and optimal learning under uncertainty / by James Yetman. Ottawa - Ontario : Bank of Canada 2000. vi, 27p. : graphs, references, tables ; 28 cm. Working paper 1192-5434 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. 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 Résumés en français Softcover 00-22 2000-06-22 Monetary policy gcpds Inflation gcpds Yetman, James Probing potential output : (CaOODSP)9.571553 Working paper, 1192-5434 2000-10 (CaOODSP)9.514622