The monetary policy transmission mechanism and policy rules in Canada
The inflation targeting regime in place in Canada requires a clear understanding of the monetary policy transmission mechanism and a way to exploit knowledge of that mechanism in making policy decisions. This paper describes the Bank of Canada's current undestanding of the monetary policy trans...
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| Autores principales: | , |
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| Formato: | Artículo |
| Lenguaje: | eng |
| Publicado: |
Banco Central de Chile
2019
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| Materias: | |
| Acceso en línea: | https://hdl.handle.net/20.500.12580/3661 |
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| Sumario: | The inflation targeting regime in place in Canada requires a clear understanding of the monetary policy transmission mechanism and a way to exploit knowledge of that mechanism in making policy decisions. This paper describes the Bank of Canada's current undestanding of the monetary policy transmission mechanism as well as our research, in the context of a model based on that understanding, to identify policy rules to help guide the formulation of monetary policy. |
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