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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… Click to show full abstract
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.
Keywords:
monetary policy;
price level;
inflation;
policy;
level targeting
Journal Title: Journal of Policy Modeling
Year Published: 2021
Link to full text (if available)
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Journal Title: Journal of Policy Modeling
Year Published: 2021
Link to full text (if available)
Share on Social Media: Sign Up to like & get
recommendations!