The primary goal of this day-long workshop was to explore a range of issues related to monetary policy frameworks – namely the role and objectives of monetary policy, the specification and effectiveness of monetary policy tools, transparency and communications, and lessons learned from other central banks. Examining these topics will help shape the Bank’s broader research agenda, including issues that may be relevant for the 2021 renewal of the inflation-control agreement with the Government of Canada.
The workshop, which took place at the Bank of Canada, comprised a series of lively and thought-provoking panel discussions. Webcast live, the invited audience included academics, other central bankers, private sector economists and financial market experts, labour union representatives, senior officials from government departments and Crown agencies, representatives from policy think tanks, and the media.
The day-long workshop, held at the Bank, brought out wide-ranging views on the goals of monetary policy, the effectiveness of monetary policy tools, the role of transparency and communications, and lessons learned from other central banks.
Senior Deputy Governor Carolyn A. Wilkins reviews key themes discussed by participants at the workshop “Monetary Policy Framework Issues: Toward the 2021 Inflation-Target Renewal”.
See #BoC2021 on Twitter to follow the discussion about this workshop.
Thursday, 14 September 2017
|08:50 - 09:00||Welcome Remarks
Lawrence Schembri (Bank of Canada)
|09:00 - 10:15||The Role and Objectives of Canadian Monetary Policy
Chair: Rhys Mendes (Bank of Canada)
|10:45 - 12:00||The Scope and Effectiveness of Monetary Policy Tools
Chair: Sylvain Leduc (Bank of Canada)
|13:30 - 14:45||Monetary Policy Transparency and Communication
Chair: Timothy Lane (Bank of Canada)
|15:15 - 16:45||Lessons from Other Central Banks
Chair: Carolyn A. Wilkins (Bank of Canada)
Carolyn A. Wilkins (Bank of Canada)