Thomas J. Carter - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T14:16:49+00:00Comparing Forward Guidance and Neo-Fisherianism as Strategies for Escaping Liquidity Traps
https://www.bankofcanada.ca/2016/12/staff-analytical-note-2016-16/
What path should policy-makers select for the nominal rate when faced with a liquidity trap during which the effective lower bound binds?2016-12-08T10:39:29+00:00enComparing Forward Guidance and Neo-Fisherianism as Strategies for Escaping Liquidity Traps2016-12-08A Primer on Neo-Fisherian Economics
https://www.bankofcanada.ca/2016/09/staff-analytical-note-2016-14/
Conventional models imply that central banks aiming to raise inflation should lower nominal rates and thus stimulate aggregate demand. However, several economists have recently challenged this conventional wisdom in favour of an alternative “neo-Fisherian’’ view under which higher nominal rates might in fact lead to higher inflation.2016-09-22T14:53:44+00:00enA Primer on Neo-Fisherian Economics2016-09-22