mechanism and test the over-identifying restrictions for Australia, Canada, and New Zealand. For all three countries …

policies of an actual central bank, the Bank of Canada. Finally, the paper considers the role of fiscal policy in an open …

This paper revisits Canada's pioneering experience with floating exchange rate over the period 1950-1962. It examines … whether the floating rate was the best option for Canada in the 1950s by developing and estimating a New Keynesian small open … that monetary policy was more volatile in the post-1957 period and Canada's macroeconomic performance suffered as a result …

On the seventieth birthday of the Bank of Canada, we evaluate the Bank's contribution to monetary policy in an … international context. We focus on: the reasons for the establishment of the central bank in 1935, its unique record of floating in …

first three countries to undertake such strategies New Zealand, Canada, and the United Kingdom. It also analyzes the …

up to the strategies followed by the leading central banks of the era; the Bank of England in the eighteenth and …

In this paper we provide empirical measures of central bank credibility and augment these with historical narratives …

This paper examines the historical evolution of central bank credibility using both historical narrative and empirics … financial stability relying on macro prudential regulation may pose significant challenges for central bank credibility …

framed in terms of inflation rates than price levels. Central bank communication significantly improves the performance of …