Publications and Research

2002 conference

Price Adjustment and Monetary Policy

Proceedings of a conference held by the Bank of Canada, November 2002

Introduction

Don Coletti

Opening Remarks (PDF)
Tiff Macklem

Memorial Lecture: Contributions of John Kuszczak (PDF)
William Scarth

Session 1:
Empirical Models of Price Adjustment

Alternative Sources of the Lag Dynamics of Inflation (PDF)
Sharon Kozicki and Peter A. Tinsley

Discussion: (PDF)
Michel Normandin

General Discussion (PDF)

The New Phillips Curve in Canada (PDF)
Alain Guay, Richard Luger, and Zhenhua Zhu

Discussion: (PDF)
Jean Boivin

General Discussion (PDF)

Session 2:
The Labour Market and Price Adjustment

The Effects of Shocks in a Monetary Business Cycle Model with Unemployment (PDF)
Michelle Alexopoulos

Discussion: (PDF)
Scott Hendry

General Discussion (PDF)

How Certain Are We About the Role of Uncertainty in the Labour Contract Duration Decision? Evidence for Canada and Implications (PDF)
Robert Fay and Sébastien Lavoie

Discussion: (PDF) John Knowles

General Discussion (PDF)

Session 3:
Price Adjustment and Monetary Policy

How Do Canadian Hours Worked Respond to a Technology Shock? (PDF)
Lawrence J. Christiano, Martin Eichenbaum, and Robert Vigfusson

Discussion: (PDF)
Kevin Moran

Discussion: (PDF)
Martin Gervais

General Discussion (PDF)

Session 4:
Small Open-Economy Models

New Keynesian, Open-Economy Models and Their Implications for Monetary Policy (PDF)
David Bowman and Brian Doyle

Discussion: (PDF)
Frank Smets

General Discussion (PDF)

Session 5:
Price-Setting in a Small Open Economy

Monetary Policy in a Small Open Economy (PDF)
Gabriel Srour

Discussion: (PDF)
Craig Burnside

General Discussion (PDF)

Price-Setting and Exchange Rate Pass-Through: Theory and Evidence (PDF)
Michael B. Devereux and James Yetman

Discussion: (PDF)
Jeannine Bailliu

Discussion: (PDF)
Beverly Lapham

General Discussion (PDF)

Panel Discussion

Discussion 1:
Gregor Smith

Discussion 2:
Michael Woodford

Discussion 3:
Pierre Duguay

The Participants

Bank topic index: Business Fluctuations and Cycles, Credibility, Econometric and Statistical Methods, Economic Models, Exchange Rates, Inflation and Prices, International Topics, Labour Markets, Monetary Policy Framework, Productivity