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The Missing Links: Better Measures of Inflation and Inflation Expectations in Canada Author info | Abstract | Publisher info | Download info | Related research | Statistics Gregor W. Smith (Queen's University)
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The Bank of Canada’s inflation-targeting regime currently relies on imperfect measures of inflation and inflation expectations. The overall performance of monetary policy would be improved if new measures of inflation and inflation expectations were incorporated into the Bank of Canada’s inflation-targeting regime, when it comes up for review in 2011.
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Article provided by C.D. Howe Institute in its journal C.D. Howe Institute Commentary .
Volume (Year): (2009)
Issue (Month): 287 (April)
Pages:
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Keywords: monetary policy ; Bank of Canada ; inflation targets ; Find related papers by JEL classification: E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.:
Richard Clarida & Jordi Gali & Mark Gertler, 1999.
"The Science of Monetary Policy: A New Keynesian Perspective ,"
Journal of Economic Literature ,
American Economic Association, vol. 37(4), pages 1661-1707, December.
[Downloadable!] (restricted)
Other versions:
Clarida, Richard & Galí, Jordi & Gertler, Mark, 1999.
"The Science of Monetary Policy: A New Keynesian Perspective ,"
CEPR Discussion Papers
2139, C.E.P.R. Discussion Papers.
[Downloadable!] (restricted) Clarida, R. & Gali, J. & Gertler, M., 1999.
"The Science of Monetary Policy: A New Keynesian Perspective ,"
Working Papers
99-13, C.V. Starr Center for Applied Economics, New York University.
[Downloadable!] Richard Clarida & Jordi Galí & Mark Gertler, 1997.
"The Science of Monetary Policy: A New Keynesian Perspective ,"
Economics Working Papers
356, Department of Economics and Business, Universitat Pompeu Fabra, revised Apr 1999.
[Downloadable!] Richard Clarida & Jordi Gali & Mark Gertler, 1999.
"The Science of Monetary Policy: A New Keynesian Perspective ,"
NBER Working Papers
7147, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted) Marvin Goodfriend, 2007.
"How the World Achieved Consensus on Monetary Policy ,"
NBER Working Papers
13580, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Other versions: Aoki, Kosuke, 2001.
"Optimal monetary policy responses to relative-price changes ,"
Journal of Monetary Economics ,
Elsevier, vol. 48(1), pages 55-80, August.
[Downloadable!] (restricted)
Ricardo Reis & Mark W. Watson, 2007.
"Relative Goods' Prices, Pure Inflation, and the Phillips Correlation ,"
NBER Working Papers
13615, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
N. Gregory Mankiw & Ricardo Reis, 2003.
"What Measure of Inflation Should a Central Bank Target? ,"
Journal of the European Economic Association ,
MIT Press, vol. 1(5), pages 1058-1086, 09.
[Downloadable!] (restricted)
Other versions:
N. Gregory Mankiw & Ricardo Reis, 2002.
"What Measure of Inflation Should a Central Bank Target? ,"
Harvard Institute of Economic Research Working Papers
1984, Harvard - Institute of Economic Research.
[Downloadable!] N. Gregory Mankiw & Ricardo Reis, 2002.
"What Measure of Inflation Should a Central Bank Target? ,"
NBER Working Papers
9375, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted) Gregory Mankiw & Ricardo Reis, 2002.
"What measure of inflation should a central bank target? ,"
Working Paper Series
170, European Central Bank.
[Downloadable!] Reis, Ricardo & Watson, Mark W, 2007.
"Relative Goods’ Prices and Pure Inflation ,"
CEPR Discussion Papers
6593, C.E.P.R. Discussion Papers.
[Downloadable!] (restricted)
Charles Steindel, 1997.
"Are there good alternatives to the CPI? ,"
Current Issues in Economics and Finance ,
Federal Reserve Bank of New York, issue Apr.
[Downloadable!]
Martin Bodenstein & Christopher J. Erceg & Luca Guerrieri, 2008.
"Optimal monetary policy with distinct core and headline inflation rates ,"
International Finance Discussion Papers
941, Board of Governors of the Federal Reserve System (U.S.).
[Downloadable!]
Other versions: Marvin Goodfriend & Robert King, 1997.
"The New Neoclassical Synthesis and the Role of Monetary Policy ,"
NBER Chapters ,
in: NBER Macroeconomics Annual 1997, Volume 12, pages 231-296
National Bureau of Economic Research, Inc.
[Downloadable!]
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