1.
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This paper studies the implications of certain kinds of uncertainty for monetary policy. It first describes the optimum policy rule in a simple model of the transmission [...]
1999 | Text | Technical Report - Rapport technique |
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2.
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This paper relies on simple vector autoregressions to investigate the monetary transmission mechanism in broad sectors of the Canadian economy. Two types of disaggregatio[...]
2001 | Text | Staff Working Paper - Document de travail du personnel |
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3.
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This paper compares two types of monetary policy: price-level targeting and inflation targeting. It reviews recent arguments that favour price-level targeting, and examin[...]
2001 | Text | Staff Working Paper - Document de travail du personnel |
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4.
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This paper examines the sale of durable goods by a monopolist in a stochastic partil equilibrium setting. It analyzes the responses of prices and output to various types [...]
1998 | Text | Staff Working Paper - Document de travail du personnel |
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5.
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The author explores the role that Taylor-type rules can play in monetary policy, given the degree of uncertainty in the economy. The optimal rule is derived from a simple[...]
2003 | Text | Staff Working Paper - Document de travail du personnel |
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6.
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It is commonly observed that central banks respond gradually to economic shocks, moving the interest rate in small discrete steps in the same direction over an extended p[...]
2001 | Text | Staff Working Paper - Document de travail du personnel |
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