Topic: Transmission of monetary policy

  1. What Does Downward Nominal-Wage Rigidity Imply for Monetary Policy?

    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.

    Topics: Inflation targets; Monetary policy framework; Transmission of monetary policy
Copyright © 1995 - 2013, Bank of Canada. Terms of Use.