Commodities and monetary policy: Implications for inflation and price level targeting
| Autor: | Stephen Snudden, Dirk Muir, Donald Coletti, Paul R. Masson, René Lalonde |
|---|---|
| Rok vydání: | 2021 |
| Předmět: |
Inflation
Macroeconomics Economics and Econometrics 050208 finance Monetarism Inflation targeting media_common.quotation_subject Producer Price Index (India) 05 social sciences Monetary policy Monetary economics Relative price Monetary hegemony 0502 economics and business Economics Price level 050207 economics media_common |
| Zdroj: | Journal of Policy Modeling. 43:982-999 |
| ISSN: | 0161-8938 |
| DOI: | 10.1016/j.jpolmod.2021.02.013 |
| Popis: | We examine the relative ability of simple inflation targeting (IT) and price level targeting (PLT) monetary policy rules to minimize both inflation variability and business cycle fluctuations in Canada for shocks that have important consequences for global commodity prices. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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