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Bank of Canada RSS Feedsen2024-03-29T10:42:17+00:00A Non-Paradoxical Interpretation of the Gibson Paradox
https://www.bankofcanada.ca/1998/12/working-paper-1998-22/
In this study, we show how, to yield the real cost of borrowing, the price level can be combined with the nominal interest rate in a monetary regime where the level of prices is trend stationary. We show that the price level then conveys intertemporal information in a way similar to nominal interest rates. We […]1998-12-18T10:26:19+00:00enA Non-Paradoxical Interpretation of the Gibson Paradox1998-12-18Inflation and pricesInflation targetsInflation: costs and benefitsInterest ratesWorking Paper 1998-22 https://www.bankofcanada.ca/wp-content/uploads/2010/05/wp98-22.pdfA Non-Paradoxical Interpretation of the Gibson ParadoxSerge CoulombeDecember 1998