, particularly when there is a risk of low inflation, and the policy rate is constrained by the effective lower bound. Model … equilibrium real interest rate, this strategy is preferable to raising the inflation target …

with the aim of promoting financial stability? We ask this question for the case of Canada. We find that to a first …

-constrained interest rate rule and the threshold level of debt are jointly estimated for Canada during the first decade of its inflation … toward an increase in expected inflation falls as debts increase beyond a certain threshold level. A debt … less loose than what inflation indicators called for …

This paper studies changes in Canada''s monetary policy transmission, associated with the important changes in …

Chile, the United States, Canada, Australia, New Zealand, and five European countries. Overall, Chile''s pass-through does …

interest rates to policy announcements—on the exchange rate in Australia, Canada, and New Zealand during the 1990s. The main …

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 … monetary policy responses in inflation-targeting, open economies have changed significantly, as the institutional framework for …

currency by keeping inflation low and steady. This paper provides evidence that monetary policy tightening aimed at maintaining … low and stable inflation could at the same time reduce consumption inequality over a 12-18 month horizon, commonly … benefit mainly from lower inflation. By contrast, the real consumption of individuals at higher ends of the consumption …

Inflation rates rose sharply in the Philippines during 2018. Understanding the demand and supply sources of inflation … pressures is key to monetary policy response. Qualitatively, indicators have pointed to evidence of inflation pressures from …-structural model to decompose the contributions of various shocks to inflation. Our main findings are (1) supply factors (mainly global …