Price Stability and the Long-Run Target for Monetary Policy
Introduction
Allan Crawford
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
Jean Farès and Thomas Lemieux
Discussion: Allan Crawford
Discussion: Wayne Simpson
General Discussion
What Happened to the Phillips Curve in the 1990s in Canada?
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?
Richard Barnett and Merwan EngineerDiscussion: Jean Boivin
General Discussion
Price-Level Targeting—The Role of Credibility
Dinah Maclean and Hope PioroDiscussion: Jerzy D. Konieczny
General Discussion
Session 3: What Have We Learned About Price Stability?
Issues in Inflation Targeting
Frederic S. MishkinWhat Have We Learned About Price Stability?
Michael ParkinDiscussion: Peter Howitt
Discussion: W. Craig Riddell
General Discussion
Bank topic index: Monetary Policy Framework