D81 - Criteria for Decision-Making under Risk and Uncertainty - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T14:25:48+00:00Price Level versus Inflation Targeting under Model Uncertainty
https://www.bankofcanada.ca/2008/05/working-paper-2008-15/
The purpose of this paper is to make a quantitative contribution to the inflation versus price level targeting debate. It considers a policy-maker that can set policy either through an inflation targeting rule or a price level targeting rule to minimize a quadratic loss function using the actual projection model of the Bank of Canada (ToTEM).2008-05-18T15:04:08+00:00enPrice Level versus Inflation Targeting under Model Uncertainty2008-05-18Monetary policy and uncertaintyWorking Paper 2008-15 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp08-15.pdfPrice Level versus Inflation Targeting under Model UncertaintyGino CateauMay 2008DD8D81EE5E58