Constraints on the Conduct of Canadian Monetary Policy in 1990s: Dealing with Uncertainty in Financial Markets
AbstractThis report presents a simple theorretical model that shows the quantitative impact of the increased interest rate premiums on economic performance. Some evidence is presented that suggests high Canadian interest rate premiums were an important factor explaining the general weakness of economic activity.
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Bibliographic InfoPaper provided by Bank of Canada in its series Technical Reports with number 80.
Length: 55 pages
Date of creation: 1997
Date of revision:
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MONETARY POLICY ; FINANCIAL MARKET;
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- Kenneth N. Kuttner & Adam S. Posen, 1999.
"Does Talk Matter After All? Inflation Targeting and Central Bank Behavior,"
Working Paper Series
WP99-10, Peterson Institute for International Economics.
- Kenneth N. Kuttner & Adam S. Posen, 1999. "Does talk matter after all? Inflation targeting and central bank behavior," Staff Reports 88, Federal Reserve Bank of New York.
- Kuttner, Kenneth N. & Posen, Adam S., 1999. "Does talk matter after all? Inflation targeting and central bank behavior," CFS Working Paper Series 1999/04, Center for Financial Studies (CFS).
- David Longworth & Brian O´Reilly, 2002.
"The Monetary Policy Transmission Mechanism and Policy Rules in Canada,"
Central Banking, Analysis, and Economic Policies Book Series,
in: Norman Loayza & Klaus Schmidt-Hebbel & Norman Loayza (Series Editor) & Klaus Schmidt-Hebbel (Series (ed.), Monetary Policy: Rules and Transmission Mechanisms, edition 1, volume 4, chapter 13, pages 357-392
Central Bank of Chile.
- David Longworth & Brian O’Reilly, 2000. "The Monetary Policy Transmission Mechanism and Policy Rules in Canada," Working Papers Central Bank of Chile 72, Central Bank of Chile.
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