Showing 1 - 10 of 15
Persistent link: https://www.econbiz.de/10001512373
Persistent link: https://www.econbiz.de/10001392992
Persistent link: https://www.econbiz.de/10003731342
Persistent link: https://www.econbiz.de/10003651041
This paper compares the performance of simple inflation targeting (IT) and price-level path targeting (PLPT) rules to stabilize the macroeconomy, in response to a series of shocks, similar to those seen in Canada and the United States over the 1983 to 2004 period. The analysis is conducted in a...
Persistent link: https://www.econbiz.de/10003711669
We examine the relative ability of simple inflation targeting (IT) and price level targeting (PLT) monetary policy rules to minimize both inflation variability and business cycle fluctuations in Canada for shocks that have important consequences for global commodity prices. We find that...
Persistent link: https://www.econbiz.de/10009546871
Persistent link: https://www.econbiz.de/10003371343
Persistent link: https://www.econbiz.de/10013269451
In this paper, we use an economics decision-making experiment to test a key assumption underpinning the efficacy of price-level targeting relative to inflation targeting for business cycle stabilization and mitigating the effects of the zero lower bound on nominal interest rates. In particular,...
Persistent link: https://www.econbiz.de/10009295703
Persistent link: https://www.econbiz.de/10008934408