Monetary Policy

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Bean, C. 2005. "Monetary Policy in an Uncertain World." World Economics 6 (1): 31-53.

Cecchetti, S., A. Flores-Lagunes, and S. Krause. 2004. "Has Monetary Policy Become More Efficient? A Cross Country Analysis." NBER Working Paper No.10973.

Duguay, P. 1994. "Empirical Evidence on the Strength of the Monetary Transmission Mechanism in Canada: An Aggregate Approach." Journal of Monetary Economics 33 (1): 39-61. Also included in The Transmission of Monetary Policy in Canada, Bank of Canada, 1996.

Engert, W. and J. Selody. 1998. "Uncertainty and Multiple Paradigms of the Transmission Mechanism." Bank of Canada Working Paper No. 98-7.

Friedman, M. 1968. "The Role of Monetary Policy." American Economic Review 58 (1): 1-17.

_______. 1977. "Nobel Lecture: Inflation and Unemployment." Journal of Political Economy 85 (3): 451-72.

Hayek, F. 1945. "The Use of Knowledge in Society." American Economic Review 35 (4): 519-30.

Laidler, D. and W. Robson. 2004. Two Per cent Target: The Context, Theory, and Practice of Canadian Monetary Policy since 1991. Toronto: C.D.Howe Institute.

Leijonhufvud, A. 1977. "Costs and Consequences of Inflation." In The Microeconomic Foundations of Macroeconomics. Proceedings of a Conference held by the International Economic Association, at S'Agaro, Spain, edited by H. Harcourt. London: Macmillan.

Longworth, D. 2002. "Inflation and the Macroeconomy: Changes from the 1980s to the 1990s." Bank of Canada Review (Spring) 3-18.

Lucas, R. 1980. "Two Illustrations of the Quantity Theory of Money." American Economic Review 70 (5): 1005-14.

McCallum, B. 2004. "Long-Run Monetary Neutrality and Contemporary Policy Analysis." Institute for Monetary and Economic Studies Discussion Paper No. 2004-E-18, Bank of Japan.

Macklem, T. 2001. "A New Measure of Core Inflation." Bank of Canada Review (Autumn) 3-12.

Melzer, T. 1996. "Price Stability: An Attainable Goal for Monetary Policy." Speech to the Missouri Valley Economic Association (March).

Ragan, C. 2000. "Should We Expect Higher Growth from Lower Inflation?" Canadian Business Economics 8 (2): 19-31.

_______. 2005. "The Road Ahead for Canadian Inflation Targeting." Paper prepared for the Bank of Canada conference on "Issues in Inflation Targeting" (April).

Stuber, G. 2001. "Implications of Uncertainty about Long-Run Inflation and the Price Level." Bank of Canada Working Paper No. 2001-16.

Thiessen, G. 1996. "Uncertainty and the Transmission of Monetary Policy in Canada." In The Transmission of Monetary Policy in Canada. Ottawa: Bank of Canada, 1996.