Malik Shukayev - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T16:58:44+00:00Limited Commitment, Endogenous Credibility and the Challenges of Price-level Targeting
https://www.bankofcanada.ca/2018/12/staff-working-paper-2018-61/
This paper studies the cost of limited commitment when a central bank has the discretion to adjust policy whenever the costs of honoring its past commitments become high. Specifically, we consider a central bank that seeks to implement optimal policy in a New Keynesian model by committing to a price-level target path.2018-12-19T08:47:46+00:00enLimited Commitment, Endogenous Credibility and the Challenges of Price-level Targeting2018-12-19CredibilityInflation targetsMonetary policy frameworkStaff Working Paper 2018-61https://www.bankofcanada.ca/wp-content/uploads/2018/12/swp2018-61.pdfLimited Commitment, Endogenous Credibility and the Challenges of Price-level TargetingGino CateauMalik ShukayevDecember 2018EE3E31E5E52The Extensive Margin of Trade and Monetary Policy
https://www.bankofcanada.ca/2018/07/staff-working-paper-2018-37/
This paper studies the effects of monetary policy shocks on firms’ participation in exporting. We develop a two-country dynamic stochastic general equilibrium model in which heterogeneous firms
make forward-looking decisions on whether to participate in the export market and prices are staggered across firms and time.2018-07-26T13:00:38+00:00enThe Extensive Margin of Trade and Monetary Policy2018-07-26Business fluctuations and cyclesEconomic modelsFirm dynamicsInternational topicsMonetary policyStaff Working Paper 2018-37https://www.bankofcanada.ca/wp-content/uploads/2018/07/swp2018-37.pdfYuko ImuraMalik ShukayevJuly 2018EE5E52FF1F12F4F44