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Bank of Canada RSS Feedsen2024-03-28T23:31:03+00:00Uncertainty and Multiple Paradigms of the Transmission Mechanism
https://www.bankofcanada.ca/1998/04/working-paper-1998-7/
An important challenge facing central banks is making decisions under uncertainty about the dynamic effects of monetary policy actions. The authors stress the importance of explicitly recognizing uncertainty about the transmission mechanism when formulating policy advice. They argue that one way to manage monetary policy under uncertainty is to draw on both an output-gap paradigm […]1998-04-15T09:09:04+00:00enUncertainty and Multiple Paradigms of the Transmission Mechanism1998-04-15Monetary policy and uncertaintyMonetary policy frameworkWorking Paper 1998-7 https://www.bankofcanada.ca/wp-content/uploads/2010/05/wp98-7.pdfUncertainty and Multiple Paradigms of the Transmission MechanismWalter EngertJack SelodyApril 1998EE5