Format:
1 Online-Ressource (44 p)
ISBN:
9781475541298
Content:
Cover -- Table of Contents -- Abstract -- I. Introduction and Summary -- II. Expectations and a Threatening Dark Corner -- III. Different Kinds of Forward Guidance -- III.1. Conventional Forward Guidance -- III.2. Unconventional Forward Guidance -- III.3. Country Experiences with Unconventional Forward Guidance -- III.3.1. United Kingdom -- III.3.2. United States -- III.3.3. Canada -- IV. Model Simulations of Alternative Policy Strategies -- V. Conclusions -- Appendix I. Policy Credibility: Exchange Rate and Asset Prices as Shock Absorbers or Amplifiers
Content:
Appendix II. The New-Keynesian Model for Canada -- Boxes -- Box 1. Downward Trend in Global Equilibrium Real Interest Rate -- Tables -- Table 1. Inflation Expectations Better Anchored in IFT Countries -- Table 2. Guidance of the Fed after the Global Financial Crisis -- Table 3. Revisions to BoC Forecast for Attainment of Potential Output -- Figures -- Figure 1. Inflation and Consensus Inflation Expectations for Canada -- Figure 2. Dincer-Eichengreen Central Bank Transparency Index -- Figure 3. Oil Price and Canadian Exchange Rate -- Figure 4. Expectations as Shock Absorbers or Amplifiers
Content:
Figure 5. Inflation Paths for Different Policy Frameworks -- Figure 6. 10-Year U.S. Treasury Yield and Term Premium -- Figure 7. Predicted U.S. Unemployment Rate -- Figure 8. Optimal Control versus IFB Reaction Function -- Figure 9. Predicted Outcomes under Optimal Control with Historical Shocks -- Figure 10. Optimal Control with Negative Interest Rate or Fiscal Backstop -- Figure 11. IFB Reaction Function and Backward-Looking Inflation Expectations -- References
Note:
Description based upon print version of record
Additional Edition:
9781475541298
Additional Edition:
Print version Obstfeld, Maurice How to Improve Inflation Targeting in Canada Washington, D. C : International Monetary Fund,c2016 9781475541298
Language:
English
Keywords:
Electronic books
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