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forms of unconventional stimulative monetary policy, including quantitative easing. For its part, Canada has averaged 1 … Canada became an inflation-targeting central bank. We improve on previous work on Canadian monetary policy effectiveness by … estimate the impact of aging in Canada more precisely. Results are ambiguous on monetary policy's effectiveness over the last …
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We study nominal GDP targeting as optimal monetary policy in a model with a credit market friction following Azariadis, Bullard, Singh and Suda (2018), henceforth ABSS. As in ABSS, the macroeconomy we study has considerable income inequality which gives rise to a large private sector credit...
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