bank's control, and ignores the role played by the quantity of money in the transmission mechanism. Even though monetary …

term in the central bank's optimal instrument rule, which we refer to as the credibility loss. Augmenting a standard Taylor …

-maximizing central bank should react more aggressively to the inflation pressure generated by the more competitive economy. We extend the …

überregionalen Zeitungen Globe and Mail und Financial Post, die sich mit der Bank von Kanada sowie der Geldpolitik allgemein befassen … henceforth be able to assess more easily monetary policy performance based on the Bank of Canada's record at achieving low and … stable inflation. An obvious question then is to ascertain whether in fact, as the Governor the Bank stated recently …

Geldpolitik in einem 2-Länder-Modell mit träger Preisanpassung. Neben einem Cost-Push-Schock erlebt jedes Land auch …

'aktiven' Geldpolitik und einer 'passiven' Fiskalpolitik. Insbesondere wird davon ausgegangen, dass der Fiskalagent die …

We analyse the interaction between private agents? uncertainty about inflation target and the central bank's data … uncertainty. In our model, private agents update their perceived inflation target and the central bank estimates unobservable … agents and the central bank causes higher order beliefs to become relevant, and this mechanism is capable of generating high …