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Income, class and preferences towards anti-inflation and anti-unemployment policies

Jayadev, Arjun - In: Beyond inflation targeting : assessing the impacts and …, (pp. 71-92). 2009

Persistent link: https://www.econbiz.de/10003936825

The politics of public debt : financialization, class, and democracy in neoliberal Brazil

Bin, Daniel - 2020

"In The Politics of Public Debt Daniel Bin analyzes how fiscal and monetary policies and the administration of public debt related to class, labor, and democracy during the period of neoliberal financialization in Brazil. Sustained by state action, the politico-economic context allowed the...

Persistent link: https://www.econbiz.de/10012114268

Part V. Canada

Mishkin, Frederic S.; Posen, Adam Simon - Federal Reserve Bank <New York, NY> - 1997

[...]Inflation targeting in Canada was not the result oflegislation. However, as in New Zealand, the inflationtarget in Canada is jointly determined and announcedby both the government and the central bank.[...]

Persistent link: https://www.econbiz.de/10005870263

Do central banks respond to exchange rate movements? A structural investigation

Lubik, Thomas A.; Schorfheide, Frank - 2003

We estimate a small-scale, structural general equilibrium model of a small open economy using Bayesian methods. Our main focus is the conduct of monetary policy in Australia, Canada, New Zealand and the U.K., as measured by nominal interest rate rules. We consider generic Taylor-type rules,...

Persistent link: https://www.econbiz.de/10010293466

Central Bank accountability and transparency: theory and some evidence

Eijffinger, Sylvester C. W.; Hoeberichts, Marco - 2000

The first part of this paper outlines the concept of democratic accountability of central banks, and compares the legal accountability of the ECB with some other central banks (Bank of Canada, Bank of Japan, Bank of England and the Federal Reserve System). In the second part, we present a theory...

Persistent link: https://www.econbiz.de/10010295694

Monetary policy transparency, public commentary, and market perceptions about monetary policy in Canada

Siklos, Pierre L. - 2000

Die Einführung von Inflationszielen in Kanada im Jahr 1991 verdeutlichte angeblich das Ziel der Geldpolitik, nämlich … können, inwieweit es der Bank von Kanada gelingt, die Inflation stabil auf niedrigem Niveau zu halten. Deshalb liegt die … Frage nahe, ob tatsächlich - wie der Präsident der Zentralbank kürzlich feststellte - ' ... die Erfolge der Bank von Kanada …

Persistent link: https://www.econbiz.de/10010295696

Exchange rate dynamics, expectations, and monetary policy

Chen, Qianying - 2011

This paper re-investigates the implications of monetary policy rules on changes in exchange rate, in a risk-adjusted, uncovered interest parity model with unrestricted parameters, emphasizing the importance of modeling market expectations of monetary policy. I use consensus forecasts as a proxy...

Persistent link: https://www.econbiz.de/10010305998

Computing optimal policy in a timeless-perspective: An application to a small-open economy

Juillard, Michel; Pelgrin, Florian - 2007

Since the contribution of Kydland and Prescott (1977), it is well known that the optimal Ramsey policy is time inconsistent. In a series of recent contributions, Woodford (2003) proposes a new methodology to circumvent this problem, namely the timeless perspective solution. However, one main...

Persistent link: https://www.econbiz.de/10010279862

Computing the accuracy of complex non-random sampling methods: The case of the Bank of Canada's Business Outlook Survey

De Munnik, Daniel; Dupuis, David; Illing, Mark - 2009

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 decisions and thus affect expectations in financial markets. To date, however, no one has computed the statistical accuracy of these...

Persistent link: https://www.econbiz.de/10010279889

Inventories, markups and real rigidities in sticky price models of the Canadian economy

Kryvtsov, Oleksiy; Midrigan, Virgiliu - 2011

Recent New Keynesian models of macroeconomy view nominal cost rigidities, rather than nominal price rigidities, as the key feature that accounts for the observed persistence in output and inflation. Kryvtsov and Midrigan (2010a,b) reassess these conclusions by combining a theory based on nominal...

Persistent link: https://www.econbiz.de/10010279896