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85
result(s)
What Does Downward Nominal-Wage Rigidity Imply for Monetary Policy?
Staff Working Paper 1997-13
Seamus Hogan
A recent paper has suggested there might be a trade-off between inflation and unemployment at low inflation rates and this has led some economists to recommend that Canada increase its inflation rate.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Inflation targets,
Monetary policy framework,
Monetary policy transmission
JEL Code(s):
C,
C5,
C52,
E,
E2,
E24,
E5,
E50
A Band-Aid Solution to Inflation Targeting
Staff Working Paper 1997-11
Robert Amano,
Richard Black,
Marcel Kasumovich
This paper reviews selectively the literature on exchange rate target zones and corresponding methodologies and examines whether they can be used to analyse the inflation-control problem.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Inflation targets
JEL Code(s):
E,
E3,
E31,
E5,
E50
La courbe de Phillips au Canada : un examen de quelques hypothèses
Staff Working Paper 1997-3
Jean-François Fillion,
André Léonard
This study, which draws on a variety of research on price dynamics in Canada, examines some hypotheses that might explain the poor quality of recent inflation forecasts based on the conventional Phillips curve.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Inflation and prices,
Inflation targets
JEL Code(s):
C,
C5,
C52,
E,
E3,
E31
The Goal of Price Stability: A Review of the Issues
Technical Report No. 54
Jack Selody
The basic responsibility of a central bank is to preserve the value of money—that is, to maintain stability in the general level of prices. This report pulls together the main arguments for and against price stability as the appropriate goal for monetary policy. The available evidence suggests that the benefits of price stability are many […]
Content Type(s):
Staff research,
Technical reports
Topic(s):
Inflation targets
JEL Code(s):
E,
E3,
E31,
E5,
E50