Information in Financial Asset Prices
Introduction
Kevin Clinton and Mark Zelmer
1. Extracting Information for Monetary Policy Strategy
Asset Pricing in Consumption Models: A Survey of the Literature
Benoît CarmichaelDiscussion: Maral Kichian
Discussion: Jason Wei
Extraction of Expected Inflation from Canadian Forward Rates
Joseph Atta-Mensah and Mingwei YuanDiscussion: Arturo Estrella
Discussion: Angelo Melino
Yield and Inflation Differentials between Canada and the United States
Ben Fung and Eli RemolonaDiscussion: Nicola Anderson
Discussion: Mark Flood
Central Bank Policy, Inflation, and Stock Prices
Ronald GiammarinoDiscussion: William Barker
Discussion: Jacques Lussier
2. Extracting Information for Monetary Policy Implementation
Towards a New Measure of Interest Rate Expectations in Canada: Estimating a Time-Varying Term Premium
Toni Gravelle, Philippe Muller, and David StréliskiDiscussion: Mark Chandler
Discussion: Alan White
Alexander Levin, Des Mc Manus, and David Watt
Discussion: Glen Donaldson
Discussion: Michael Narayan
Confidence Intervals and Constant-Maturity Series for Probability Measures Extracted from Options Prices
William Melick and Charles ThomasDiscussion: Jerry Hanweck
Discussion: Richard Black
Pitfalls and Opportunities for the Conduct of Monetary Policy in a World of High-Frequency Data
Pierre SiklosDiscussion: Lloyd Atkinson
Discussion: John Murray
3. Wrap-Up
Wrap-Up Discussion: Charles Freedman
Wrap-Up Discussion: Frank Milne
Response and General Discussion
The Participants
Bank topic index: Monetary and Financial Indicators