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Adopting Price-Level Targeting under Imperfect Credibility in ToTEM
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References

  • 1977Rules Rather than Discretion: The Inconsistency of Optimal Plans7,896 cited
  • 1983Staggered prices in a utility-maximizing framework7,892 cited
  • 2005INTEREST AND PRICES: FOUNDATIONS OF A THEORY OF MONETARY POLICY5,508 cited
  • 1999The Science of Monetary Policy: A New Keynesian Perspective4,927 cited
  • 2003Macroeconomic Expectations of Households and Professional Forecasters1,170 cited
  • 2001Transparency and Credibility: Monetary Policy With Unobservable Goals428 cited
  • 2004Technology Shocks in the New Keynesian Model391 cited
  • 1990Modern Business Cycle Theory381 cited
  • 2002Openness, imperfect exchange rate pass-through and monetary policy334 cited
  • 2005Inflation Stabilization and Welfare: The Case of a Distorted Steady State325 cited
  • 2006Discretionary monetary policy and the zero lower bound on nominal interest rates321 cited
  • 2004Staggered prices and trend inflation: some nuisances309 cited
  • 1996Price Level Targeting vs. Inflation Targeting: A Free Lunch?285 cited
  • 2001Imperfect Credibility and Inflation Persistence184 cited
  • 2021ToTEM: The Bank of Canada's New Quarterly Projection Model153 cited

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  • 2006An investigation of the gains from commitment in monetary policy151 cited
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    • 2009What is the Ideal Monetary Policy Regime? Improving the Bank of Canada's Inflation-targeting Program20 cited
    • 2014Exchange rate and price dynamics in a small open economy - the role of the zero lower bound and monetary policy regimes19 cited
    • 2012Price-level targeting rules and financial shocks: The case of Canada16 cited