Meenakshi Basant Roi - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T15:51:11+00:00Should Central Banks Adjust Their Target Horizons in Response to House-Price Bubbles?
https://www.bankofcanada.ca/2007/05/discussion-paper-2007-4/
The authors investigate the implications of house-price bubbles for the optimal inflation-target horizon using a dynamic general-equilibrium model with credit frictions, house-price bubbles, and small open-economy features. They find that, given the distribution of shocks and inflation persistence over the past 25 years, the optimal target horizon for Canada tends to be at the lower […]2007-05-11T11:18:58+00:00enShould Central Banks Adjust Their Target Horizons in Response to House-Price Bubbles?2007-05-11Central bank researchCredit and credit aggregatesEconomic modelsInflation targetsMonetary policy frameworkMonetary policy transmissionDiscussion Paper 2007-4https://www.bankofcanada.ca/wp-content/uploads/2010/01/dp07-4.pdfShould Central Banks Adjust Their Target Horizons in Response to House-Price Bubbles?Meenakshi Basant RoiRhys R. MendesMay 2007EE4E42E44E5E52E58E6E61