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Inflation-Forecast Targeting : Applying the Principle of Transparency

Author/Editor: Kevin Clinton, Charles Freedman, Michel Juillard, Ondrej Kamenik, Douglas Laxton, Hou Wang.

Release Date:June, 2015

Many central banks in emerging and advanced economies have adopted an inflation-forecast targeting (IFT) approach to monetary policy, in order to successfully establish a stable, low-inflation more...



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A Model for Full-Fledged Inflation Targeting and Application to Ghana

Author/Editor: Kevin Clinton, Jihad Dagher, Ondrej Kamenik, Douglas Laxton, Ali Alichi, Marshall Mills.

Release Date:January, 2010

A model in which monetary policy pursues full-fledged inflation targeting adapts well to Ghana. Model features include: endogenous policy credibility; non-linearities in the inflation process; and a more...



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Constructing Forecast Confidence Bands During the Financial Crisis

Author/Editor: Kevin Clinton, Marianne Johnson, Huigang Chen, Ondrej Kamenik, Douglas Laxton.

Release Date:September, 2009

We derive forecast confidence bands using a Global Projection Model covering the United States, the euro area, and Japan. In the model, the price of oil is a stochastic process, interest rates have a more...



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A Small Quarterly Projection Model of the US Economy

Author/Editor: Igor Ermolaev, Michel Juillard, Ioan Carabenciov, Charles Freedman, Douglas Laxton, Ondrej Kamenik, Dmitry Korshunov.

Release Date:December, 2008

This is the first of a series of papers that are being written as part of a project to estimate a small quarterly Global Projection Model (GPM). The GPM project is designed to improve the toolkit for more...



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A Small Quarterly Multi-Country Projection Model

Author/Editor: Jared Laxton, Igor Ermolaev, Charles Freedman, Ondrej Kamenik, Michel Juillard, Douglas Laxton, Ioan Carabenciov, Dmitry Korshunov.

Release Date:December, 2008

This is the second of a series of papers that are being written as part of a larger project to estimate a small quarterly Global Projection Model (GPM). The GPM project is designed to improve the more...



Price: $18.00
A Small Quarterly Multi-Country Projection Model with Financial-Real Linkages and Oil Prices

Author/Editor: Michel Juillard, Charles Freedman, Dmitry Korshunov, Douglas Laxton, Ondrej Kamenik, Ioan Carabenciov, Igor Ermolaev, Jared Laxton.

Release Date:December, 2008

This is the third of a series of papers that are being written as part of a larger project to estimate a small quarterly Global Projection Model (GPM). The GPM project is designed to improve the more...



Price: $18.00
Why is Canada's Price Level So Predictable?

Author/Editor: Vladimir Klyuev, Heesun Kiem, Ondrej Kamenik, Douglas Laxton.

Release Date:January, 2008

One of the pioneers of inflation targeting (IT), the Bank of Canada is now considering a possibility of switching to price-level-path targeting (PLPT), where past deviations of inflation from the more...



Price: $18.00