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The Bank of Canada’s “Horse Race” of Alternative Monetary Policy Frameworks: Some Interim Results from Model Simulations. (2021). Mendes, Rhys ; Zhang, Yang ; Dorich, Jose.
In: Discussion Papers.
RePEc:bca:bocadp:21-13.

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Cited: 3

Citations received by this document

Cites: 22

References cited by this document

Cocites: 50

Documents which have cited the same bibliography

Coauthors: 0

Authors who have wrote about the same topic

Citations

Citations received by this document

  1. Harnessing the benefit of state-contingent forward guidance. (2022). Zhang, Yang ; Chu, Vivian.
    In: Staff Analytical Notes.
    RePEc:bca:bocsan:22-13.

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  2. CANVAS: A Canadian Behavioral Agent-Based Model. (2022). Hommes, Cars ; Zhang, Yang ; Siqueira, Melissa ; Poledna, Sebastian ; He, Mario.
    In: Staff Working Papers.
    RePEc:bca:bocawp:22-51.

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  3. A Horse Race of Alternative Monetary Policy Regimes Under Bounded Rationality. (2022). Wagner, Joel ; Zhang, Yang ; Schlanger, Tudor.
    In: Discussion Papers.
    RePEc:bca:bocadp:22-4.

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References

References cited by this document

  1. Acharya, S. and K. Dogra 2020. “Understanding HANK: Insights from a Prank.” Econometrica, 88 (3): 1113–1158.

  2. Acharya, S., E. Challe and K. Dogra. 2020. “Optimal Monetary Policy According to HANK.” Federal Reserve Bank of New York Staff Report No. 916.

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  5. Amano, R., T. J. Carter and L. L. Schembri. 2020. “Strengthening Inflation Targeting: Review and Renewal Processes in Canada and Other Advanced Jurisdictions.” Bank of Canada Staff Discussion Paper No. 2020‐7.

  6. Ambler, S. 2020. “Nominal GDP Level Targeting.” Paper prepared for McGill University Max Bell School Monetary Policy Online Conference, “Choosing the Right Target: Real Options for the Bank of Canada’s Mandate Renewal,” September 22–25.
    Paper not yet in RePEc: Add citation now
  7. Andrés, J., D. López‐Salido and E. Nelson. 2004. “Tobin’s Imperfect Asset Substitution in Optimizing General Equilibrium.” The Federal Reserve Bank of St. Louis Working Paper No. 2004‐003.
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  8. Bank of Canada. 2016. Renewal of the Inflation‐Control Target: Background Information. October.
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  9. Bank of Canada. 2021. “Toward 2021: Consultations with Canadians.” March 31.
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  10. Bernanke, B. S. 2017. “Monetary Policy in a New Era.” Paper presented at the Peterson Institute for International Economics Conference, “Rethinking Macroeconomic Policy,” Washington, DC, October 12–13.
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  11. Calvo, G. A. 1983. “Staggered Prices in a Utility‐Maximizing Framework.” Journal of Monetary Economics 12 (3): 383–398.

  12. Carter, T. J., R. R. Mendes and L. L. Schembri. 2018. “Credibility, Flexibility and Renewal: The Evolution of Inflation Targeting in Canada.” Bank of Canada Staff Discussion Paper No. 2018‐18.

  13. Christiano, L. J., M. Eichenbaum and C. L. Evans. 2005. “Nominal Rigidities and the Dynamic Effect of a Shock to Monetary Policy.” Journal of Political Economy 113 (1): 1–45.

  14. Coletti, D., R. Lalonde and D. Muir. 2008. “Inflation Targeting and Price‐Level‐Path Targeting in the Global Economy Model: Some Open Economy Considerations.” IMF Staff Papers 55, (2): 326–338.

  15. Corrigan, P., H. Desgagnés, J. Dorich, V. Lepetyuk, W. Miyamoto and Y. Zhang. 2021. “ToTEM III: The Bank of Canada’s Main DSGE Model for Projection and Policy Analysis.” Bank of Canada Technical Report No. 119. Djeutem, E., A. Reza and Y. Zhang. Forthcoming. “Household Heterogeneity and the Performance of Monetary Policy Frameworks.” Bank of Canada Staff Working Paper.

  16. Gabaix, X. 2019. “Behavioral Inattention.” In Handbook of Behavioral Economics and Applications, Vol. 2, edited by D. Bernheim, S. DellaVigna and D. Laibson, 261–343. Oxford: Elsevier.
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  17. Galí, J. and M. Gertler. 1999. “Inflation Dynamics: A Structural Econometric Analysis." Journal of Monetary Economics 44 (2): 195–222.

  18. Mendes, R. and S. Murchison. 2014. “Should Forward Guidance Be Backward‐Looking?” Bank of Canada Review (Autumn).

  19. Smets, F. 2003. ‘‘Monetary Price Stability: How Long Is the Medium Term?’’ Journal of Monetary Economics 50 (6): 1293–1309.

  20. Svensson, L. E. O. 1999. “Price‐Level Targeting versus Inflation Targeting: A Free Lunch?” Journal of Money, Credit and Banking 31 (3): 277–295. Swarbrick, J. and Y. Zhang. Forthcoming. “A Horse Race of Monetary Policy Strategies for Canada.” Bank of Canada Staff Discussion Paper. Wagner, J., T. Schlanger and Y. Zhang. Forthcoming. “A Horse Race of Alternative Monetary Policy Regimes Under Bounded Rationality.” Bank of Canada Staff Discussion Paper.
    Paper not yet in RePEc: Add citation now
  21. Wilkins, C. A. 2018. “Choosing the Best Monetary Policy Framework for Canada.” Speech at McGill University Max Bell School of Public Policy, Montreal, Quebec, November 20.
    Paper not yet in RePEc: Add citation now
  22. Woodford, M. 2003. Interest and Prices: Foundation of a Theory of Monetary Policy. Princeton: Princeton University Press.
    Paper not yet in RePEc: Add citation now

Cocites

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  5. The impact of monetary policy on a labor market with heterogeneous workers: The case of Chile. (2023). Madeira, Carlos ; Salazar, Leonardo.
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  9. The Impact of Monetary Policy on a Labor Market with Heterogeneous Workers: The Case of Chile. (2023). Madeira, Carlos ; Salazar, Leonardo.
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  10. Energy prices and household heterogeneity: monetary policy in a Gas-TANK. (2023). Chan, Jenny ; Kanngiesser, Derrick ; Diz, Sebastian.
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  13. A Blueprint for the Fourth Generation of Bank of Canada Projection and Policy Analysis Models. (2023). Coletti, Donald.
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