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...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Ito, Takatoshi
Weitere Verfasser: Gonzalez-Hermosillo, Brenda
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 1997.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 1997/171
Online Zugang:Full text available on IMF
Beschreibung
Zusammenfassung: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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Beschreibung:1 online resource (20 pages)
Format:Mode of access: Internet
ISSN:1018-5941
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