Jean-Paul Lam - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T21:18:24+00:00The Implications of Transmission and Information Lags for the Stabilization Bias and Optimal Delegation
https://www.bankofcanada.ca/2004/09/working-paper-2004-37/
In two recent papers, Jensen (2002) and Walsh (2003), using a hybrid New Keynesian model, demonstrate that a regime that targets either nominal income growth or the change in the output gap can effectively replicate the outcome under commitment and hence reduce the size of the stabilization bias.2004-09-01T15:49:00+00:00enThe Implications of Transmission and Information Lags for the Stabilization Bias and Optimal Delegation2004-09-01Inflation targetsMonetary policy transmissionWorking Paper 2004-37 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp04-37.pdfThe Implications of Transmission and Information Lags for the Stabilization Bias and Optimal DelegationJean-Paul LamFlorian PelgrinSeptember 2004EE5E52E58E6E62Estimating Policy-Neutral Interest Rates for Canada Using a Dynamic Stochastic General-Equilibrium Framework
https://www.bankofcanada.ca/2004/03/working-paper-2004-9/
In an era when the primary policy instrument is the level of the short-term interest rate, a comparison of that rate with some equilibrium rate can be a useful guide for policy and a convenient method to measure the stance of monetary policy.2004-03-01T11:45:27+00:00enEstimating Policy-Neutral Interest Rates for Canada Using a Dynamic Stochastic General-Equilibrium Framework2004-03-01Interest ratesWorking Paper 2004-9 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp04-9.pdfEstimating Policy-Neutral Interest Rates for Canada Using a Dynamic Stochastic General-Equilibrium FrameworkJean-Paul LamGreg TkaczMarch 2004CC3C32EE3E37