Credibility - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T12:54:43+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 2018EE3E31E5E52Credibility, Flexibility and Renewal: The Evolution of Inflation Targeting in Canada
https://www.bankofcanada.ca/2018/12/staff-discussion-paper-2018-18/
In 1991, Canada became the second country to adopt an inflation target as a central pillar of its monetary policy framework. The regime has proven much more successful than initially expected, both in achieving price stability and in stabilizing the real economy against a wide range of shocks.2018-12-18T14:08:33+00:00enCredibility, Flexibility and Renewal: The Evolution of Inflation Targeting in Canada2018-12-18CredibilityInflation targetsMonetary policyMonetary policy frameworkStaff Discussion Paper 2018-18https://www.bankofcanada.ca/wp-content/uploads/2018/12/sdp2018-18.pdfCredibility, Flexibility and Renewal: The Evolution of Inflation Targeting in CanadaThomas J. CarterRhys R. MendesLawrence L. SchembriDecember 2018EE5E52E58E6E61Welcome to The Economy, Plain and Simple
https://www.bankofcanada.ca/2018/09/welcome-to-the-economy-plain-and-simple/
The economy starts with you.2018-09-28T10:00:02+00:00enWelcome to The Economy, Plain and Simple2018-09-28Readability and the Bank of Canada
https://www.bankofcanada.ca/2018/06/staff-analytical-note-2018-20/
In this note, I assess the readability of Bank of Canada publications using a formula commonly used for this type of evaluation. I find that Bank publications are more difficult to read than the media articles and other content our target audiences likely consume. This suggests that more simple writing can help the Bank better meet its communication objectives.2018-06-27T09:06:56+00:00enReadability and the Bank of Canada2018-06-27Let Me Be Clear: From Transparency to Trust and Understanding
https://www.bankofcanada.ca/2018/06/let-me-be-clear-transparency-trust-understanding/
Governor Poloz talks about how the Bank is improving communications with the public and helping financial markets understand its monetary policy approach.2018-06-27T09:00:47+00:00Let Me Be Clear: From Transparency to Trust and Understanding2018-06-27Stephen S. PolozAnchoring Expectations: Canada’s Approach to Price Stability
https://www.bankofcanada.ca/2018/02/anchoring-expectations-canadas-approach-to-price-stability/
Deputy Governor Lawrence Schembri examines the success of the Bank’s monetary policy framework and explains the review being undertaken before its renewal in 2021.2018-02-15T13:30:59+00:00Anchoring Expectations: Canada’s Approach to Price Stability2018-02-15Lawrence L. Schembri