Add to ORKGInternational audienceBy analyzing the documents issued by the Bank of Canada, an original monetary policy can be seen. The Canadian monetary policy tries to maintain its autonomy, whilst at the same time respecting floating exchange rates. The numerous innovations are the foundation of a New Consensus on monetary policy. Far from the dilemma rule versus discretion of the former Monetarist and Keynesian methods, a new dilemma will be the focus: that of credibility versus confidence. Here, the anticipations of the economic agents, the behavior of financial markets and the price of assets play a dominating role. Based on the innovative experiment of the Bank of Canada during the 1990s, the characteristics of the New Consensus will be explaine...
A common view is now pervasive in policy research at universities and central banks, which one could...
This paper develops a simple model to examine conditions under which a monetary policy-making author...
Recent research has devoted significant attention to estimating the systematic components of monetar...
By analyzing the documents issued by the Bank of Canada, an original monetary policy can be seen. Th...
International audienceBy analyzing the documents issued by the Bank of Canada, a new, original, mone...
The worldwide progress in monetary policy is a great achievement and, especially considering the sit...
This paper provides a non-technical introduction to monetary policy—what it is, how it works, and wh...
Wicksell, writing around the start of the 20th century, outlined an approach to monetary policy stri...
With the demise of monetary targeting over the past 20 years in many major countries, the question h...
A highly credible monetary policy helps to reduce the degree of uncertainty that can surround the ob...
This paper outlines important lessons for monetary policy. In particular, the role of inflation targ...
International audienceThe Global Financial Crisis has reshuffled the cards for central banks through...
The debate about whether Canada should seek some form of monetary integration with the United States...
The last fifteen years have seen the emergence of widespread consensus that optimum monetary policy ...
It is a mistake to debate the merits of alternative exchange rate regimes for Canada independently o...
A common view is now pervasive in policy research at universities and central banks, which one could...
This paper develops a simple model to examine conditions under which a monetary policy-making author...
Recent research has devoted significant attention to estimating the systematic components of monetar...
By analyzing the documents issued by the Bank of Canada, an original monetary policy can be seen. Th...
International audienceBy analyzing the documents issued by the Bank of Canada, a new, original, mone...
The worldwide progress in monetary policy is a great achievement and, especially considering the sit...
This paper provides a non-technical introduction to monetary policy—what it is, how it works, and wh...
Wicksell, writing around the start of the 20th century, outlined an approach to monetary policy stri...
With the demise of monetary targeting over the past 20 years in many major countries, the question h...
A highly credible monetary policy helps to reduce the degree of uncertainty that can surround the ob...
This paper outlines important lessons for monetary policy. In particular, the role of inflation targ...
International audienceThe Global Financial Crisis has reshuffled the cards for central banks through...
The debate about whether Canada should seek some form of monetary integration with the United States...
The last fifteen years have seen the emergence of widespread consensus that optimum monetary policy ...
It is a mistake to debate the merits of alternative exchange rate regimes for Canada independently o...
A common view is now pervasive in policy research at universities and central banks, which one could...
This paper develops a simple model to examine conditions under which a monetary policy-making author...
Recent research has devoted significant attention to estimating the systematic components of monetar...