Publications and Research

2000 conference

Price Stability and the Long-Run Target for Monetary Policy

Proceedings of a seminar held by the Bank of Canada, June 2000

Session 1:
Downward Nominal-Wage Rigidity and the Phillips Curve at Low Inflation

Downward Nominal-Wage Rigidity: A Critical Assessment and Some New Evidence for Canada (PDF)
Jean Farès and Thomas Lemieux

Discussion:
Allan Crawford

Discussion:
Wayne Simpson

General Discussion

What Happened to the Phillips Curve in the 1990s in Canada? (PDF)
Paul Beaudry and Matthew Doyle

Discussion:
Steven James

Discussion:
Jeffrey Fuhrer

General Discussion

Session 2:
Issues in the Design of Explicit Targets for Price Stability

When Is Price-Level Targeting a Good Idea? (PDF)
Richard Barnett and Merwan Engineer

Discussion:
Jean Boivin

General Discussion

Price-Level Targeting—The Role of Credibility (PDF)
Dinah Maclean and Hope Pioro

Discussion:
Jerzy D. Konieczny

General Discussion

Session 3:
What Have We Learned About Price Stability?

Issues in Inflation Targeting (PDF)
Frederic S. Mishkin

What Have We Learned About Price Stability? (PDF)
Michael Parkin

Discussion:
Peter Howitt

Discussion:
W. Craig Riddell

General Discussion

The Participants (PDF)