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Bank of Canada RSS Feedsen2024-03-29T01:15:34+00:00Monetary Policy, Uncertainty and the Presumption of Linearity
https://www.bankofcanada.ca/1993/08/technical-report-no63/
This report shows that extreme conditions and volatility in markets are much more likely to result from systematic policy errors in gauging and responding to inflationary pressures in an economy than from unfortunate random shocks. We describe a simple model that incorporates the key features of the policy control process. We use two versions of […]1993-08-01T16:01:11+00:00enMonetary Policy, Uncertainty and the Presumption of Linearity1993-08-01Economic modelsInflation and pricesMonetary policy and uncertaintyTechnical Report 63https://www.bankofcanada.ca/wp-content/uploads/2010/10/tr63.pdfMonetary Policy, Uncertainty and the Presumption of Linearity Douglas LaxtonDavid RoseRobert TetlowAugust 1993EE5E52