Jim Engle-Warnick - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T15:39:20+00:00Price-Level Targeting and Inflation Expectations: Experimental Evidence
https://www.bankofcanada.ca/2011/09/working-paper-2011-18/
In this paper, we use an economics decision-making experiment to test a key assumption underpinning the efficacy of price-level targeting relative to inflation targeting for business cycle stabilization and mitigating the effects of the zero lower bound on nominal interest rates.2011-09-09T09:13:08+00:00enPrice-Level Targeting and Inflation Expectations: Experimental Evidence2011-09-09Monetary policy frameworkWorking Paper 2011-18https://www.bankofcanada.ca/wp-content/uploads/2011/09/wp2011-18.pdfPrice-Level Targeting and Inflation Expectations: Experimental EvidenceRobert AmanoJim Engle-WarnickMalik ShukayevSeptember 2011EE3E32E5E52