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2024-03-29T12:01:47+00:00
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Perhaps the FOMC Did What It Said It Did: An Alternative Interpretation of the Great Inflation
https://www.bankofcanada.ca/2007/03/working-paper-2007-19/
This paper uses real-time briefing forecasts prepared for the Federal Open Market Committee (FOMC) to provide estimates of historical changes in the design of U.S. monetary policy and in the implied central-bank target for inflation. Empirical results support a description of policy with an effective inflation target of roughly 7 percent in the 1970s.
2007-03-06T15:15:41+00:00
en
Perhaps the FOMC Did What It Said It Did: An Alternative Interpretation of the Great Inflation
2007-03-06
Central bank research
Monetary aggregates
Monetary policy implementation
Working Paper 2007-19
https://www.bankofcanada.ca/wp-content/uploads/2010/03/wp07-19.pdf
Perhaps the FOMC Did What It Said It Did: An Alternative Interpretation of the Great Inflation
Sharon Kozicki
P. A. Tinsley
March 2007
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Central Bank Performance under Inflation Targeting
https://www.bankofcanada.ca/2007/03/working-paper-2007-18/
The inflation targeting (IT) regime is 17 years old. With practice of IT now in more than 21 countries, there is enough evidence gathered to take stock of the IT experience. In this paper, we analyze the inflation record of IT central banks.
2007-03-05T14:58:12+00:00
en
Central Bank Performance under Inflation Targeting
2007-03-05
Central bank research
Inflation targets
Monetary policy framework
Working Paper 2007-18
https://www.bankofcanada.ca/wp-content/uploads/2010/03/wp07-18.pdf
Central Bank Performance under Inflation Targeting
Marc-André Gosselin
March 2007
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