Joep Lustenhouwer - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T16:08:22+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 2019CC6C62EE3E32E5E52