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Bank of Canada RSS Feedsen2024-03-28T09:45:32+00:00Feedback Rules for Inflation Control: An Overview of Recent Literature
https://www.bankofcanada.ca/wp-content/uploads/2010/06/r001d-e.pdf
Feedback rules are rules aimed at guiding policy-makers as they face the problem of keeping inflation close to a desired path without causing variability elsewhere in the economy. These rules link short-term interest rates, controlled by the central bank, to the rate of inflation and/or its deviation from a target rate.
The authors describe the most popular types of feedback rules and review some simulation results.1999-12-13T09:52:10+00:00enFeedback Rules for Inflation Control: An Overview of Recent Literature1999-12-13