Publications and Research

2003 conference

Macroeconomics, Monetary Policy, and Financial Stability

A festschrift in Honour of Charles Freedman

Proceedings of a conference held by the Bank of Canada, June 2003

Special Guest Speaker

The LM Curve: A Not-So-Fond Farewell (PDF)
Benjamin M. Friedman

Session 1:
Macroeconomics and Monetary Policy

The Bank of Canada and the Inflation-Unemployment Trade-Off (PDF)
Pierre Fortin

Discussion: (PDF)
Tiff Macklem

What I Learned at the Fed (PDF)
Laurence H. Meyer

Discussion: (PDF)
David Longworth

Session 2:
The Conduct of Monetary Policy

Optimal Policy with Low-Probability Extreme Events (PDF)
Lars E.O. Svensson

Discussion: (PDF)
Pierre Duguay

Monetary Policy Without Money: Hamlet Without the Ghost (PDF)
David Laidler

Discussion: (PDF)
Jack Selody

Special Guest Speakers

John W. Crow and Gordon G. Thiessen (PDF)

Session 3:
Monetary Policy Processes and Transparency

What Is the Monetary Policy Committee Attempting to Achieve? (PDF)
Charles Goodhart

Discussion: (PDF)
John Murray

Central Bank Talk: Does It Matter and Why? (PDF)
Donald L. Kohn and Brian P. Sack

Discussion: (PDF)
Paul Jenkins

Session 4:
Financial Stability

Policy Remedies for Conflicts of Interest in the Financial System (PDF)
Frederic S. Miskin

Discussion: (PDF)
Ron Parker

Are Changes in Financial Structure Extending Safety Nets? (PDF)
William R. White

Discussion: (PDF)
Clyde Goodlet

Closing Remarks

Reflections on Three Decades at the Bank of Canada
Charles (Chuck) Freedman

The Participants

Bank topic index: Financial Institutions, Financial Markets, Financial Stability, Financial System Regulation and Policies, Inflation and Prices, Interest Rates, Labour Markets, Market Structure and Pricing, Monetary Aggregates, Monetary Policy Framework, Monetary Policy Implementation, Productivity, Transmission of Monetary Policy, Uncertainty and Monetary Policy,