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1.
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In this paper, I consider a simple model in which agents learn about the inflation target of a central bank over time by observing the policy instrument or inflation outc[...]
2001 | Text | Staff Working Paper - Document de travail du personnel |
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In this paper, we develop a new way to test hypotheses about policy-makers' targets, and we implement that test for Canadian monetary policy. If, for example, the Bank of[...]
2000 | Text | Staff Working Paper - Document de travail du personnel |
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3.
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This paper illustrates a model of predetermined pricing, where firms set a fixed schedule of nominal prices at the time of price readjustment, based on the work of Fische[...]
2001 | Text | Staff Working Paper - Document de travail du personnel |
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4.
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The effective conduct of monetary policy is complicated by uncertainty about the level of potential output, and thus about the size of the monetary policy response that w[...]
2000 | Text | Staff Working Paper - Document de travail du personnel |
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