How to Improve Inflation Targeting in Canada ePub (Adobe DRM) download by Kevin Clinton

How to Improve Inflation Targeting in Canada

INTERNATIONAL MONETARY FUND
Publication date: September 2016
ISBN: 9781475541304
Digital Book format: ePub (Adobe DRM)

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Routine publication of the forecast path for the policy interest rate (i.e. "conventional forward guidance") would improve the transparency of monetary policy. It would also improve policy effectiveness through its influence on expectations, particularly when there is a risk of low inflation, and the policy rate is constrained by the effective lower bound. Model simulations indicate that a potent macroeconomic strategy, for returning the Canadian economy to potential, combines conventional forward guidance with a fiscal stimulus. As a response to the effective lower bound constraint, and the decline in the world equilibrium real interest rate, this strategy is preferable to raising the inflation target.
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How to Improve Inflation Targeting in Canada ePub (Adobe DRM) download by Kevin Clinton
INTERNATIONAL MONETARY FUND, September 2016
ISBN: 9781475541304
EAN:  9781475541304
ePub (Adobe DRM)
List Price: $9.00 eBook price: $6.99
How to Improve Inflation Targeting in Canada PDF (Adobe DRM) download by Kevin Clinton
INTERNATIONAL MONETARY FUND, September 2016
ISBN: 9781475541328
EAN:  9781475541328
PDF (Adobe DRM)
List Price: $9.00 eBook price: $6.99
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