The Bank of Canada's Monetary Policy Framework : Have Recent Changes Enhanced Central Bank Credibility? /

In recent years the Bank of Canada has made important changes in the way it conducts monetary policy. In particular, the bank has adopted explicit inflation targets and introduced significant changes to its operational framework designed to increase transparency and reduce market uncertainty. This p...

Mô tả đầy đủ

Chi tiết về thư mục
Tác giả chính: Ito, Takatoshi
Tác giả khác: Gonzalez-Hermosillo, Brenda
Định dạng: Tạp chí
Ngôn ngữ:English
Được phát hành: Washington, D.C. : International Monetary Fund, 1997.
Loạt:IMF Working Papers; Working Paper ; No. 1997/171
Truy cập trực tuyến:Full text available on IMF
Miêu tả
Tóm tắt:In recent years the Bank of Canada has made important changes in the way it conducts monetary policy. In particular, the bank has adopted explicit inflation targets and introduced significant changes to its operational framework designed to increase transparency and reduce market uncertainty. This paper examines the key issues associated with the recent changes in the Bank of Canada's monetary policy framework and analyzes various indicators of central bank credibility.
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Mô tả vật lý:1 online resource (20 pages)
Định dạng:Mode of access: Internet
số ISSN:1018-5941
Truy cập:Electronic access restricted to authorized BRAC University faculty, staff and students