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Bank of Canada RSS Feedsen2024-03-28T16:24:00+00:00Optimal Monetary Policy during Endogenous Housing-Market Boom-Bust Cycles
https://www.bankofcanada.ca/2009/11/working-paper-2009-32/
This paper uses a small-open economy model for the Canadian economy to examine the optimal Taylor-type monetary policy rule that stabilizes output and inflation in an environment where endogenous boom-bust cycles in house prices can occur.2009-11-15T14:42:23+00:00enOptimal Monetary Policy during Endogenous Housing-Market Boom-Bust Cycles2009-11-15Credit and credit aggregatesFinancial stabilityInflation targetsWorking Paper 2009-32 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp09-32.pdfOptimal Monetary Policy during Endogenous Housing-Market Boom-Bust CyclesHajime TomuraNovember 2009EE4E44E5E52