David Andolfatto

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Labour Markets, Liquidity, and Monetary Policy Regimes

Staff Working Paper 2002-32 David Andolfatto, Scott Hendry, Kevin Moran
We develop an equilibrium model of the monetary policy transmission mechanism that highlights information frictions in the market for money and search frictions in the market for labour.

Inflation Expectations and Learning about Monetary Policy

Staff Working Paper 2002-30 David Andolfatto, Scott Hendry, Kevin Moran
Various measures indicate that inflation expectations evolve sluggishly relative to actual inflation. In addition, they often fail conventional tests of unbiasedness.

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