Monetary policy transmission - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T11:49:31+00:00An Optimized Monetary Policy Rule for ToTEM
https://www.bankofcanada.ca/2006/11/working-paper-2006-41/
The authors propose a monetary policy rule for the Terms-of-Trade Economic Model (ToTEM), the Bank of Canada's new projection and policy-analysis model for the Canadian economy.2006-11-02T17:32:52+00:00enAn Optimized Monetary Policy Rule for ToTEM2006-11-02Economic modelsMonetary policy frameworkMonetary policy transmissionWorking Paper 2006-41 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp06-41.pdfAn Optimized Monetary Policy Rule for ToTEMJean-Philippe CayenAmy CorbettPatrick PerrierNovember 2006EE5E52Modelling Financial Channels for Monetary Policy Analysis
https://www.bankofcanada.ca/wp-content/uploads/2010/06/fung.pdf
The Bank of Canada considers a wide range of information and analysis before making a monetary policy decision and uses carefully articulated models to produce economic projections and to examine alternative scenarios. This article describes an ongoing research agenda at the Bank to develop models in which financial variables play an active role in the transmission of monetary policy actions to economic activity. Such models can help to analyze information from the financial side of the economy and to provide an overall view of the implications of financial developments for the current economic outlook. The authors also explain how this research can help address other issues relevant to the objectives of monetary policy, including how asset-price movements should be taken into account in the monetary policy framework.2006-10-08T15:36:39+00:00enModelling Financial Channels for Monetary Policy Analysis2006-10-08Survey of Price-Setting Behaviour of Canadian Companies
https://www.bankofcanada.ca/2006/09/working-paper-2006-35/
In many mainstream macroeconomic models, sticky prices play an important role in explaining the effects of monetary policy on the economy.2006-09-05T16:28:22+00:00enSurvey of Price-Setting Behaviour of Canadian Companies2006-09-05Inflation and pricesMonetary policy transmissionWorking Paper 2006-35https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp06-35.pdfSurvey of Price-Setting Behaviour of Canadian CompaniesDavid AmiraultCarolyn KwanGordon WilkinsonSeptember 2006DD4D40EE3E30LL1L11Another Look at the Inflation-Target Horizon
https://www.bankofcanada.ca/wp-content/uploads/2010/06/coletti1.pdf
The conduct of monetary policy within an inflation-targeting framework requires the establishment of an inflation-target horizon, which is the average time it takes inflation to return to the target. Policy-makers have an interest in communicating this horizon, since it is likely to help anchor inflation expectations. This article focuses on the determination of the appropriate policy horizon by reporting on two recent Bank of Canada studies. The evidence suggests that the current target horizon of six to eight quarters remains appropriate. It is important to note that the duration of the optimal inflation-target horizon varies widely, depending on the combination of shocks to the economy. In rare cases when the financial accelerator is triggered by a persistent shock, such as an asset-price bubble, it may be appropriate to take a longer view of the inflation-target horizon.2006-06-02T15:11:47+00:00enAnother Look at the Inflation-Target Horizon2006-06-02