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(Australia, Canada, and New Zealand) place somewhat different emphasis on inflation than on other factors (e.g., output gap). We …
Persistent link: https://www.econbiz.de/10014070530
We examine the evolution of monetary policy rules in a group of inflation targeting countries (Australia, Canada, New … high inflation, such as in the UK or Australia at the beginning of the 1980s. Contrary to common wisdom, the response …
Persistent link: https://www.econbiz.de/10008688990
Under a flexible inflation targeting regime, should policymakers avoid any reaction to movements in the foreign exchange market? Using data for six advanced open economies explicitly targeting inflation, the paper examines empirically whether real exchange rate disequilibria systematically...
Persistent link: https://www.econbiz.de/10012780739
-targeting strategy - New Zealand, Canada, and the United Kingdom. It also considers the German experience with a monetary targeting …
Persistent link: https://www.econbiz.de/10012766980
We use narrative evidence along with a novel database of real-time data and forecasts from the Bank of Canada's staff … monetary policy in Canada. We show that it is crucial to take into account the break in the conduct of monetary policy caused …
Persistent link: https://www.econbiz.de/10011777945
the overnight repo rate and Bank of Canada liquidity provision tend to rise in these windows. This paper proposes three …
Persistent link: https://www.econbiz.de/10011661122
Since 1991, the Bank of Canada has had an inflation‐targeting (IT) framework established by a joint agreement between … the Bank and the Government of Canada. The framework is reviewed every five years as part of the process for renewing the … 2020 workshop, "Towards the 2021 Renewal of the Bank of Canada's Monetary Policy Framework." The Bank will publish updated …
Persistent link: https://www.econbiz.de/10012613645
linked to the political cycle. We also highlight several unique aspects of the modern review and renewal experience in Canada …, where renewals of the Bank of Canada's joint inflation-control agreement with the government have regularly been preceded by …
Persistent link: https://www.econbiz.de/10012257021
Persistent link: https://www.econbiz.de/10001447607
Persistent link: https://www.econbiz.de/10001594754