David Tulk

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Staff Working Papers

A Simple Test of Simple Rules: Can They Improve How Monetary Policy is Implemented with Inflation Targets?

Staff Working Paper 2003-31 Nicholas Rowe, David Tulk
The authors evaluate whether an assortment of simple rules could improve how the Bank of Canada implements its inflation-targeting monetary policy. They focus on measuring the correlation between the deviations of inflation from the target and the lagged deviations of rule recommendations from the actual policy interest rate.

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