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1.
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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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2.
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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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3.
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The inflation targeting (IT) regime is 17 years old. With practice of IT now in more than 21 countries, there is enough evidence gathered to take stock of the IT experien[...]
2007 | Text | Staff Working Paper - Document de travail du personnel |
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4.
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A number of central banks publish their own business conditions survey based on non-random sampling methods. The results of these surveys influence monetary policy decisi[...]
2009 | Text | Staff Working Paper - Document de travail du personnel |
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5.
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This paper studies the interdependence between fiscal and monetary policies, and their joint role in the determination of the price level. The government is characterized[...]
2007 | Text | Staff Working Paper - Document de travail du personnel |
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6.
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To investigate the extent to which the transparency of the Bank of Canada's monetary policy has improved, the authors examine empirically – over the period 30 October 200[...]
2010 | Text | Staff Discussion Paper - Document d’analyse du personnel |
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7.
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More than 80 central banks use a committee to take monetary policy decisions. The composition of the committee and the structure of the meeting can affect the quality of [...]
2007 | Text | Staff Working Paper - Document de travail du personnel |
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8.
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This paper uses real-time briefing forecasts prepared for the Federal Open Market Committee (FOMC) to provide estimates of historical changes in the design of U.S. moneta[...]
2007 | Text | Staff Working Paper - Document de travail du personnel |
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9.
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The authors document the research output of 34 central banks from 1990 to 2003, and use proxies of research inputs to measure the research productivity of central banks o[...]
2005 | Text | Staff Working Paper - Document de travail du personnel |
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10.
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Freeman (1999) proposes a model in which discount window lending and open market operations have different effects. This is important because in most of the literature, t[...]
2007 | Text | Staff Working Paper - Document de travail du personnel |
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