E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T09:21:13+00:00Aggregate and Welfare Effects of Redistribution of Wealth Under Inflation and Price-Level Targeting
https://www.bankofcanada.ca/2008/09/working-paper-2008-31/
Since the work of Doepke and Schneider (2006a) and Meh and Terajima (2008), we know that inflation causes major redistribution of wealth – between households and the government, between nationals and foreigners, and between households within the same country.2008-09-12T12:16:07+00:00enAggregate and Welfare Effects of Redistribution of Wealth Under Inflation and Price-Level Targeting2008-09-12Economic modelsInflation and pricesInflation targetsInflation: costs and benefitsMonetary policy frameworkSectoral balance sheetWorking Paper 2008-31https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp08-31.pdfAggregate and Welfare Effects of Redistribution of Wealth Under Inflation and Price-Level TargetingCésaire MehJosé-Víctor Ríos-RullYaz TerajimaSeptember 2008DD3D31EE2E21E3E31E4E44E5E52E6E63The Welfare Implications of Fiscal Dominance
https://www.bankofcanada.ca/2008/09/working-paper-2008-28/
This paper studies the interdependence between fiscal and monetary policy in a DSGE model with sticky prices and non-zero trend inflation. We characterize the fiscal and monetary policies by a rule whereby a given fraction k of the government debt must be backed by the discounted value of current and future primary surpluses.2008-09-02T11:08:46+00:00enThe Welfare Implications of Fiscal Dominance2008-09-02Economic modelsFiscal policyInflation: costs and benefitsMonetary policy frameworkWorking Paper 2008-28 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp08-28.pdfThe Welfare Implications of Fiscal DominanceCarlos De ResendeNooman RebeiSeptember 2008EE3E31E4E42E5E50E6E63