ECON 1100 Lecture Notes - Basis Point, Overnight Rate, Landing Vehicle Tracked
8 Apr 2013
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Document Summary
Stabilizing the economy: the role of the central bank. 10. 1 the bank of canada: canada"s central bank. Key monetary policy objective is inflation control pursuing 2% annual inflation inflation control target of 1-3% annual inflation that is seeks to achieve by. Monetary policy objective- a central bank goal regarding a macroeconomic indicator that the bank influences. Inflation-control target- refers either to the full inflation target range of the central bank or the target midpoint. Total cpi- another way of saying the cpi (consumer price index), but adding total as an adjective emphasizes that it"s a relatively broad measure of the price level. Core cpi- measure of the price level that excludes the most volatile components of the total cpi. Total cpi inflation- rate of change of the total cpi. Core cpi inflation- rate of change of the core cpi. Monetary policy instrument- a tool or technique that a central bank uses to achieve a monetary policy objective.
