Monetary policy - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T09:31:23+00:00Inflation Targeting and Liquidity Traps Under Endogenous Credibility
https://www.bankofcanada.ca/2019/02/staff-working-paper-2019-9/
Policy implications are derived for an inflation-targeting central bank, whose credibility is endogenous and depends on its past ability to achieve its targets. This is done in a New Keynesian framework with heterogeneous and boundedly rational expectations.2019-02-26T12:59:42+00:00enInflation Targeting and Liquidity Traps Under Endogenous Credibility2019-02-26Business fluctuations and cyclesCredibilityMonetary policyStaff Working Paper 2019-9https://www.bankofcanada.ca/wp-content/uploads/2019/02/swp2019-9.pdfInflation Targeting and Liquidity Traps Under Endogenous CredibilityCars HommesJoep LustenhouwerFebruary 2019CC6C62EE3E32E5E52Canada’s Monetary Policy Report: If Text Could Speak, What Would It Say?
https://www.bankofcanada.ca/2019/02/staff-analytical-note-2019-5/
This note analyzes the evolution of the narrative in the Bank of Canada’s Monetary Policy Report (MPR). It presents descriptive statistics on the core text, including length, most frequently used words and readability level—the three Ls. Although each Governor of the Bank of Canada focuses on the macroeconomic events of the day and the mandate of inflation targeting, we observe that the language used in the MPR varies somewhat from one Governor’s tenure to the next.2019-02-06T10:39:30+00:00enCanada’s Monetary Policy Report: If Text Could Speak, What Would It Say?2019-02-06