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We examine the relative ability of simple inflation targeting (IT) and price level targeting (PLT) monetary policy rules to minimize both inflation variability and busine[...]
2012 | Text | Staff Working Paper - Document de travail du personnel |
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2.
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Using a monetary search model, Rocheteau, Rupert and Wright (2007) show that the relationship between inflation and unemployment can be positive or negative depending on [...]
2010 | Text | Staff Working Paper - Document de travail du personnel |
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3.
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Real rigidities are an important feature of modern sticky price models and are policy-relevant because of their welfare consequences, but cannot be structurally identifie[...]
2009 | Text | Staff Working Paper - Document de travail du personnel |
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4.
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This paper compares the performance of simple inflation targeting (IT) and price-level path targeting (PLPT) rules to stabilize the macroeconomy, in response to a series [...]
2008 | Text | Staff Working Paper - Document de travail du personnel |
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5.
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Since the advent of standard national accounts data over 60 years ago, economists have traditionally relied on monthly or quarterly data supplied by central statistical a[...]
2007 | Text | Staff Working Paper - Document de travail du personnel |
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6.
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We study the joint dynamics of macroeconomic variables, bond yields, and the exchange rate in an empirical two-country New-Keynesian model complemented with a no-arbitrag[...]
2007 | Text | Staff Working Paper - Document de travail du personnel |
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7.
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The authors develop a projection model of the euro area and the United Kingdom. The model consists of two country blocks, endogenous to each other via the foreign demand [...]
2006 | Text | Staff Working Paper - Document de travail du personnel |
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8.
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From 1870 to 2000, the workweek length of employed persons decreased by 41 per cent in industrialized countries. The employment rate, employment per working age person, d[...]
2006 | Text | Staff Working Paper - Document de travail du personnel |
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9.
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The authors investigate whether the aggregation of region-specific forecasts improves upon the direct forecasting of Canadian GDP growth. They follow Marcellino, Stock, a[...]
2005 | Text | Staff Working Paper - Document de travail du personnel |
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10.
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To properly account for the dynamics of key macroeconomic variables, researchers incorporate various internal-propagation mechanisms in their models. In general, these me[...]
2005 | Text | Staff Working Paper - Document de travail du personnel |
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