Price Adjustment and Monetary Policy
Introduction
Don Coletti
Opening Remarks
Tiff Macklem
Memorial Lecture: Contributions of John Kuszczak
William ScarthSession 1: Empirical Models of Price Adjustment
Alternative Sources of the Lag Dynamics of Inflation
Sharon Kozicki and Peter A. TinsleyDiscussion: Michel Normandin
The New Phillips Curve in Canada
Alain Guay, Richard Luger, and Zhenhua ZhuDiscussion: Jean Boivin
Session 2: The Labour Market and Price Adjustment
The Effects of Shocks in a Monetary Business Cycle Model with Unemployment
Michelle AlexopoulosDiscussion: Scott Hendry
How Certain Are We About the Role of Uncertainty in the Labour Contract Duration Decision? Evidence for Canada and Implications
Robert Fay and Sébastien LavoieDiscussion: John Knowles
Session 3: Price Adjustment and Monetary Policy
How Do Canadian Hours Worked Respond to a Technology Shock?
Lawrence J. Christiano, Martin Eichenbaum, and Robert VigfussonDiscussion: Kevin Moran
Discussion: Martin Gervais
Session 4: Small Open-Economy Models
New Keynesian, Open-Economy Models and Their Implications for Monetary Policy
David Bowman and Brian DoyleDiscussion: Frank Smets
Session 5: Price-Setting in a Small Open Economy
Monetary Policy in a Small Open Economy
Gabriel SrourDiscussion: Craig Burnside
Price-Setting and Exchange Rate Pass-Through: Theory and Evidence
Michael B. Devereux and James YetmanDiscussion: Jeannine Bailliu
Discussion: Beverly Lapham
Panel Discussion
Discussion 1: Gregor Smith
Discussion 2: Michael Woodford
Discussion 3: Pierre Duguay
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