RDP 9806: Policy Rules for Open Economies References

Ball, L. (1997), ‘Efficient Rules for Monetary Policy’, NBER Working Paper No. 5952.

Black, R., T. Macklem and D. Rose (1997), ‘On Policy Rules for Price Stability’, paper presented at the Bank of Canada conference, Price Stability, Inflation Targets and Monetary Policy, 3–4 May, Ottawa.

Dickens, R. (1996), ‘Proposed Modifications to Monetary Policy’, Ord Minnett New Zealand Research, May.

Duguay, P. (1994), ‘Empirical Evidence on the Strength of the Monetary Transmission Mechanism in Canada: An Aggregate Approach’, Journal of Monetary Economics, 33(1), pp. 39–61.

Freedman, C. (1994), ‘The Use of Indicators and of the Monetary Conditions Index in Canada’, in T.J.T. Balino and C. Cottarelli (eds), Frameworks for Monetary Stability, International Monetary Fund.

Gerlach, S. and F. Smets (1996), ‘MCIs and Monetary Policy in Small Open Economies Under Floating Exchange Rates’, Bank for International Settlements, November.

Gruen, D. and G. Shuetrim (1994), ‘Internationalisation and the Macroeconomy’, in P. Lowe and J. Dwyer (eds), International Integration of the Australian Economy, Proceedings of a Conference, Reserve Bank of Australia, Sydney, pp. 309–363.

Hendry, D.F. (1995), Dynamic Econometrics, Oxford University Press, Oxford.

Lafleche, T. (1996), ‘The Impact of Exchange Rate Movements on Consumer Prices’, Bank of Canada Review, pp. 21–32.

Longworth, D.J. and S.S. Poloz (1986), ‘A Comparison of Alternative Monetary Policy Regimes in a Small Dynamic Open-Economy Simulation Model’, Bank of Canada Technical Report No. 42.

Reserve Bank of New Zealand (1996), Briefing on the Reserve Bank of New Zealand, October.

Svensson, L.E.O. (1997a), ‘Inflation Forecast Targeting: Implementing and Monitoring Inflation Targets’, European Economic Review, 41(6), pp. 1111–1146.

Svensson, L.E.O. (1997b), ‘Open-Economy Inflation Targeting’, Stockholm University, November.

Taylor, J.B. (1994), ‘The Inflation/Output Variability Trade-off Revisited’, in J.C. Fuhrer (ed.), Goals, Guidelines, and Constraints Facing Monetary Policymakers, Federal Reserve Bank of Boston.