Bank of Canada working papers are theoretical or empirical works-in-progress on subjects in economics and finance. The views expressed in this paper are those of the authors. No responsibility for them should be attributed to the Bank of Canada. ii Acknowledgements We received many valuable comments from participants of the 2006 Workshop on Macroeconomic Forecasting, Analysis and Policy with Da...

The author explores the role that Taylor-type rules can play in monetary policy, given the degree of uncertainty in the economy. The optimal rule is derived from a simple infinite-horizon model of the monetary transmission mechanism, with only additive uncertainty. The author then examines how this rule ought to be modified when there is uncertainty about the parameters, the time lags, and the ...

la sciencie politique en tant que mne branche interdisciplinaire profite de toute evolution que connaissent les autres disciplines pour se renover et se raralchir. ainsi la nouvelle epistemologie et les nouveaux courants philosophiques comme hermeneutic ont eu des impacts considerable sur la science politique et son ouverture aun nouvel horizon.