Feedback Rules for Inflation Control: An Overview of Recent Literature

Jamie Armour and Agathe Côté
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Agathe Côté: Bank of Canada, https://www.bankofcanada.ca/

Bank of Canada Review, 2000, vol. 1999-2000, issue Winter, 43-54

Abstract: Feedback rules are rules aimed at guiding policy-makers as they face the problem of keeping inflation close to a desired path without causing variability elsewhere in the economy. These rules link short-term interest rates, controlled by the central bank, to the rate of inflation and/or its deviation from a target rate. The authors describe the most popular types of feedback rules and review some simulation results.

Date: 2000
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