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1.
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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 |
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2.
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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 |
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3.
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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 |
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4.
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The days when secrecy and opacity were the bywords of central banking are gone. The advent of inflation targeting in the early 1990s acted as the catalyst for enhanced tr[...]
2013 | Text | Staff Working Paper - Document de travail du personnel |
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5.
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We present a model of central bank collateralized lending to study the optimal choice of the haircut policy. We show that a lending facility provides a bundle of two type[...]
2010 | Text | Staff Working Paper - Document de travail du personnel |
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6.
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Two aspects of the recent monetary history of Canada, Australia, and New Zealand stand out: the sensitivity of their dollars to prices of resource-based commodities, and [...]
2001 | Text | Staff Working Paper - Document de travail du personnel |
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7.
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Canada's economic performance in the first half of the 1990s was adversely affected by high premiums in interest rates that were brought on by political and economic unce[...]
1997 | Text | Technical Report - Rapport technique |
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8.
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This paper applies a static model of an interest rate corridor to the Canadian data, and estimates the aggregate demand for central-bank settlement balances in the Large [...]
2012 | Text | Staff Working Paper - Document de travail du personnel |
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9.
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The author evaluates the effect of the Bank of Canada's conditional commitment regarding the target overnight rate on longer-term market interest rates by taking into acc[...]
2010 | Text | Staff Discussion Paper - Document d’analyse du personnel |
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10.
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The author provides a non-technical explanation of the role played by the exchange rate in Canada's inflation-targeting monetary policy. He reviews the motivation for inf[...]
2005 | Text | Staff Working Paper - Document de travail du personnel |
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