E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit

• An Optimized Monetary Policy Rule for ToTEM

  Staff Working Paper 2006-41 Jean-Philippe Cayen, Amy Corbett, Patrick Perrier

  The authors propose a monetary policy rule for the Terms-of-Trade Economic Model (ToTEM), the Bank of Canada's new projection and policy-analysis model for the Canadian economy.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Economic models, Monetary policy framework, Monetary policy transmission JEL Code(s): E, E5, E52