|
1.
|
This paper measures the welfare gains of switching from inflation-targeting to price-level targeting under imperfect credibility. Vestin (2006) shows that when the moneta[...]
2008 | Text | Staff Working Paper - Document de travail du personnel |
|
|
2.
|
Using the Bank of Canada's main projection and policy-analysis model, ToTEM, this paper measures the welfare gains of switching from inflation targeting to price-level ta[...]
2009 | Text | Staff Working Paper - Document de travail du personnel |
|
|
3.
|
This paper measures the welfare gains of switching from inflation-targeting to price-level targeting under imperfect credibility. Vestin (2006) shows that when the moneta[...]
2008 | Text | Staff Working Paper - Document de travail du personnel |
|
|
4.
|
Since the work of Doepke and Schneider (2006a) and Meh and Terajima (2008), we know that inflation causes major redistribution of wealth – between households and the gove[...]
2008 | Text | Staff Working Paper - Document de travail du personnel |
|
|
5.
|
Inflation-targeting central banks around the world often state their inflation objectives with regard to the consumer price index (CPI). Yet the literature on optimal mon[...]
2010 | Text | Staff Working Paper - Document de travail du personnel |
|
|
6.
|
Using a closed-economy model, Jensen (2002) and Walsh (2003) have, respectively, shown that a policy regime that optimally targets nominal income growth (NIT) or the chan[...]
2003 | Text | Staff Working Paper - Document de travail du personnel |
|
|
7.
|
The author provides an overview of the 1975–78 Anti-Inflation Program (AIP), in a background document prepared for a seminar organized by the Bank of Canada to mark the A[...]
2005 | Text | Staff Working Paper - Document de travail du personnel |
|
|
8.
|
The authors analyze the extent to which inflation-targeting frameworks should incorporate flexibility in order to respond to asset-price misalignments and other atypical [...]
2007 | Text | Staff Discussion Paper - Document d’analyse du personnel |
|
|
9.
|
The authors use a dynamic general-equilibrium model to study the role financial frictions play as a transmission mechanism of Canadian monetary policy, and to evaluate th[...]
2003 | Text | Staff Working Paper - Document de travail du personnel |
|
|
10.
|
This paper assesses the merits of countercyclical bank balance sheet regulation for the stabilization of financial and economic cycles and examines its interaction with m[...]
2011 | Text | Staff Working Paper - Document de travail du personnel |
|
