___________ 1987. Credit Rationing and Effective Supply Failures. Economic Journal 97 (June): 327-52.
- ___________ 2002. The Changing Face of Central Banking. Evolutionary Trends Since World War II. Cambridge: Cambridge University Press.
Paper not yet in RePEc: Add citation now
- ___________ 2008. Not Quite as Advertized: Canada's Managed Float in the 1950s and Bank of Canada Intervention. European Review ofEconomic History (forthcoming).
Paper not yet in RePEc: Add citation now
- ____________ 2008a. Inflation Targeting Around the World. Emerging Markets Finance and Trade (forthcoming).
Paper not yet in RePEc: Add citation now
- ____________ 2008b. Meeting Maastricht: Nominal Convergence of the New Member States Toward EMU. Paper prepared for DG-EFCIN, European Commission. January.
Paper not yet in RePEc: Add citation now
- _____________ 2007. Better Late Than Never: Towards a Systematic Review of Canada's Monetary Policy Regime. C.D. Howe Institute Commentary No. 252. July.
Paper not yet in RePEc: Add citation now
_____________ 2007. Globalization and Monetary Policy: Missions Impossible. Written version of a talk given at the conference `The International Dimensions of Monetary Policy. Giron, Spain. June.
_____________ 2007a. The Explanatory Power of Monetary Policy Rules. NBER Working Paper 13685. December.
- _____________ 2008 a. Food and Energy Prices: Why the Bank of Canada Should Stay Focused on the CPI. C.D. Howe Institute c-brief, 21 April 2008.
Paper not yet in RePEc: Add citation now
- _____________ 2008. Fixing the Exchange Rate: Still a Bad Idea. C.D. Howe Institute c-brief. January.
Paper not yet in RePEc: Add citation now
- _____________ 2008. The Impacts of Globalization on Monetary Policy. Prepared for presentation at the Banque de France Symposium on Globalization, Inflation and Monetary Policy. 7 March.
Paper not yet in RePEc: Add citation now
- ______________ 2004. Workshop on Neutral Interest Rate, 9-10 September. Ottawa.
Paper not yet in RePEc: Add citation now
- _______________ 2008a. Credit Crunch Handcuffs Banks. Globe and Mail, 2 May.
Paper not yet in RePEc: Add citation now
- _________________________ 2006. Inflation Targeting and the 1MB 16 March, available from www.imf.org.
Paper not yet in RePEc: Add citation now
Annett, Anthony, Jorg Decressin, and Michael Deppler. 2005, Reforming the Stability and Growth Pact, IMF Policy Discussion Paper 2005/2.
- April 2009 Busby, Colin, and William B.P Robson. Near Hits and Big Misses: Canada's 2009 Fiscal Accountability Rankings. C.D. Howe Institute Backgrounder 117.
Paper not yet in RePEc: Add citation now
April 2009 Hart, Michael. Potholes and Paperwork: Improving Cross-Border Integration and Regulation of the Automotive Industry. C.D. Howe Institute Commentary 286.
April 2009 Laidler, David. The Bank of Canada Needs to Nurture those Green Shoots of Recovery. C.D. Howe Institute c-brief.
- April 2009 Laurin, Alexandre. Débâcle a la Caisse : Que faire avec le Régime de rentes du Québec? C.D. Howe Institute c-brief.
Paper not yet in RePEc: Add citation now
April 2009 Smith, Gregor. The Missing Links: Better Measures oflnflation and Inflation Expectations in Canada. C.D. Howe Institute Commentary 287.
- Ball, Laurence and N. Sheridan. 2005, Does Inflation Targeting Matter? in The Inflation Targeting Debate, Eds. Ben S. Bernanke and Michael Woodford (Chicago: University of Chicago Press), pp. 249.76.
Paper not yet in RePEc: Add citation now
Balliu, Jeannine, and Eiji Fujii. 2004, Exchange Rate Pass-Through and the Inflation Environment in Industrial Countries: An Empirical Investigation, Bank of Canada working paper 2004-2 1. June.
- Bank for International Settlements. 2007, 77~ Annual Report. Basel: Switzerland, available at www.bis.org.
Paper not yet in RePEc: Add citation now
- Bank of Canada. 2006. Renewal of the Inflation-Control Target, November.
Paper not yet in RePEc: Add citation now
- Bean, Charles. 2004. Some Current Issues in UK Monetary Policy. Speech given to the Institute of Economic Affairs, London. 28 July.
Paper not yet in RePEc: Add citation now
Bernanke, Ben, and Frederic Mishkin (1992), Central Bank Behavior and the Strategy of Monetary Policy: Observations from Six Industrialized Countries. In 0. Blanchard and S. Fischer, eds. NBER Macroeconomics Annual 1992. Cambridge: The MIT Press.
- Bernanke, Ben, and Michael Woodford. 1997. Inflation targeting and Monetary Policy, Journal ofMoney, Credit and Banking 29: 653-84.
Paper not yet in RePEc: Add citation now
- Bernanke, Ben. 2004. The Great Moderation. Remarks delivered at the meetings of the Eastern Economics Association, 20 February, available at www.federalreserve.gov/BOARDDOCS/SPEECHES/ 2004/20040220/default.htm Bernanke, Ben, Thomas Laubach, Frederic Mishkin, and Adam Posen. 1999. Inflation Targeting: Lessons fiom the International Experience. Princeton, New Jersey: Princeton University Press.
Paper not yet in RePEc: Add citation now
Blanchard, Olivier, and John Simon. 2001. The Long and Large Decline in US Output Volatility. Brookings Papers on Economic Activity, No. 1, pp. 13 5-164.
- Blinder, Allan. 2004. The Quiet Revolution: Central Banking Goes Modern. New Haven and London: Yale University Press.
Paper not yet in RePEc: Add citation now
- Bollard, Alan, and Chris Hunt. 2008. Coping with Shocks -A New Zealand Perspective, A Background paper for an Address to the Canterbury Employers' Chamber of Commerce, Christchurch, 25 January, available at www.rbnz.govt.nz/speeches/3208927.html.
Paper not yet in RePEc: Add citation now
Borio, Claudio, and Andrew Filardo. 2007. Globalisation and Inflation: New Cross-Country Evidence on the Global Determinants of Domestic Inflation. Bank for International Settlements (BIS) Working Paper No. 227.
Borio, Claudio, and Philip Lowe. 2002. Asset Prices, Financial and Monetary Stability: Exploring the Nexus. BIS Working Paper 114.
- Bouakez, Hafedh, and Nooman Rebei. 2005. Has Exchange Pass-Through Really Declined in Canada? Bank of Canada Working Paper 2005-29. October.
Paper not yet in RePEc: Add citation now
- Burdekin, Richard C.K., and Pierre L. Siklos. 2008. What Has Driven China's Monetary Policy Since the 1990s? Investigating the People's Bank Policy Rule. Journal of International Money and Finance 27 (September 2008): 847-59. ___________________________________ 2004. Deflation. Cambridge: Cambridge University Press.
Paper not yet in RePEc: Add citation now
- Business Week. 2004. Why the Specter of Inflation Shouldn't Scare Investors. 26 April.
Paper not yet in RePEc: Add citation now
Cürdia, Vasco, and Michael Woodford. 2008. Credit Frictions and Optimal Monetary Policy. Paper prepared for the 2008 Annual BIS Conference Whither Monetary Policy? June.
- Carmichael, Kevin. 2008. G7 Blindsides Currency Markets. Globe and Mai 1, 14 April.
Paper not yet in RePEc: Add citation now
- Carney, Brian. 2008. Bernanke is Fighting the Last War. Wall Street Journal, 18 October.
Paper not yet in RePEc: Add citation now
- Carney, Mark. 2008. The Implications of Globalization for the Economy and Public Policy. Remarks to the British Columbia Chamber of Commerce and the Business Council of British Columbia, 18 February, available from www.bankofcanada.ca.
Paper not yet in RePEc: Add citation now
Clarida, R. J. 2001. The Empirics of Monetary Policy Rules in Open Economies. InternationalJournal ofFinance and Economics6: 315-323.
Coenen, Günter, Giovanni Lombardo, Frank Smets and Roland Straub. 2008. International Transmission and Monetary Policy Cooperation. ECB Working Paper No. 858. January.
Collins, Sean, and Pierre Siklos. 2004. Optimal Monetary Policy Rules and Inflation Targets: Are Australia, Canada, and New Zealand Different from the U.S.? Open Economies Review 15 (October): 347-62. Commentary 292 /29 C.D. Howe Institute Côté, Denise, and Carlos de Resende. 2008. Globalization and Inflation: The Role of China. Bank of Canada Working Paper 2008-35. October.
- Crow, John. 2002. Making Money. Toronto: John Wiley & Sons.
Paper not yet in RePEc: Add citation now
Detken, C., and F. Smets. 2004. Asset Price Booms and Monetary Policy. In H. Siebert (ed.), Macroeconomic Policies in the World Economy, Berlin: Springer.
Dincer, Nergiz, and Barry Eichengreen. 2007. Central Bank Transparency: Where, Why, and What Effects? NBER Working Paper 13003. March.
- Dodge, David. 2005. Monetary Policy and Exchange Rate Movements. Remarks to the Vancouver Board of Trade, 17 February, available at www.bankofcanada.calen/ speeches/2005/spOS- 1 .html.
Paper not yet in RePEc: Add citation now
Drazen, Allan, and Paul Masson. 1994. Credibility of Policies Versus Credibility of Policymakers. Quarterly Journal of Economics 109: 735-64.
Dungey, Mardi, Renée Fry, Brenda Gonzáles-Hermosillo, and Vance Martin. 2004. Empirical Modeling of Contagion: A Review of Methodologies. IMF Working Paper WP/04/78. May.
- Economist. 2004. Shocking. March 25.
Paper not yet in RePEc: Add citation now
Eichengreen, Barry, and Ricardo Hausmann. 1999. Exchange Rates and Financial Fragility. In New Challenges for Monetary Policy. Kansas City: Federal Reserve Bank of Kansas City, pp. 329-68.
- Eijffinger, Sylvester. 2007. Financial Stability and the Role of the Central Bank. Briefing Paper for the Monetary Dialogue of June 2007 by the Committee on Economic and Monetary Affairs of the European Parliament with the President of the European Central Bank. June.
Paper not yet in RePEc: Add citation now
Favero, Carlo. 2001. Applied Macroeconometrics. Oxford: Oxford University Press.
- Filardo, Andrew. 2008. Asset Price Bubbles and Monetary Policy: A Multivariate Extension. Presented at the Viessmann-Munster-Norges Bank Workshop Fundamental and Non-Fundamental Asset Price Dynamics: Where Do We Stand? February.
Paper not yet in RePEc: Add citation now
- Fisher, Irving. 1934. Stable Money. New York: Adelphi Co.
Paper not yet in RePEc: Add citation now
- Fisher, Richard. 2008. Comments on Stylized Facts of Globalization and World Inflation. Remarks for a panel discussion at the International Symposium of the Banque de France on Globalization, Inflation, and Monetary Policy. Paris, 7 March.
Paper not yet in RePEc: Add citation now
- Frankel, Jeffrey. 2007. The Effect of Monetary Policy on Real Commodity Prices. In John Campbell (ed.). Asset Prices and Monetary Policy. Chicago: University of Chicago Press.
Paper not yet in RePEc: Add citation now
Friedman, Benjamin. 2004. Why the Federal Reserve Should Not Adopt Inflation Targeting. InternationalFinance 7 (1): 129-36.
Fuhrer, J., and H. Tootell. 2004. Eyes on the Prize: How Did the Fed Respond to the Stock Market? Public Policy Discussion Paper No. 04-2, June, Federal Reserve Bank of Boston.
Goldberg, Linda, and C. Tille. 2008. Macroeconomic Interdependence and the Role of the Dollar. Federal Reserve Bank of New York Staff Report no. 316. February.
- Goodhart, Charles. 1984. Monetary Theory and Practice: The UK Experience. London: Macmillan.
Paper not yet in RePEc: Add citation now
- Greenspan, Alan. 2007. The Age of Turbulence. New York: The Penguin Press.
Paper not yet in RePEc: Add citation now
- Hetzel, Robert L. 2008. The Monetary History of the Federal Reserve. Cambridge: Cambridge University Press.
Paper not yet in RePEc: Add citation now
- Hodgson, Glen, and Anne Park Shannon. 2007. Mission Impossible: Stellar Canadian Performance in the Canadian Economy. Conference Board of Canada.
Paper not yet in RePEc: Add citation now
- Ihrig, Jane, Steven B. Kamin, Deborah Lindner, and Jaime Marquez. 2007. Some Simple Tests of the Globalization and Inflation Hypothesis, Federal Reserve Board International Financial Discussion Papers 2007-89 1.
Paper not yet in RePEc: Add citation now
- Intergovernmental Group of 25 on International Monetary Affairs and Development. 2008. Communiqué, available from www.imf.org/xternal/np/cm/2008/041108.htm.
Paper not yet in RePEc: Add citation now
- International Monetary Fund. 2008. World Economic Outlook, April, available from www.imf.org _______________________ 2008. GlobalFinancial Stability Report, October, available from www.imf.org.
Paper not yet in RePEc: Add citation now
Issing, Otmar. 2008. In Search of Monetary Stability: The Evolution of Monetary Policy. Paper given at the Seventh BIS Annual Conference, 26-27 June. Available from http://www.bis.org/events/conf080626/ programme.htm. /30 Commentary 292 Independent * Reasoned * Relevant CD. Howe Institute Jung, Yonseung. 2007. Can the New Open Economy Macroeconomic Model Explain Exchange Rate Fluctuations? Journal ofinternationalEconomics 72: 38 1-408.
July 2009 Banerjee, Robin, and William B.P. Robson. Faster, Younger, Richer? The Fond Hope andSobering Reality of Immigration's Impact on Canada ~ Demographic and Economic Future. C.D. Howe Institute Commentary 291.
- June 2009 Busby, Colin, and Alexandre Laurin. Getting Off the Rollercoaster: A Stable Funding Framework for the El Program C.D. Howe Institute c-brief.
Paper not yet in RePEc: Add citation now
June 2009 Crow, John. A Bank for All Seasons: The Bank of Canada and the Regulatory Challenge. C.D. Howe Institute c-brief.
- June 2009 Doern, Bruce, and Robert Morrison. Canada's Nuclear Crossroads: Steps to a Viable Nuclear Energy Industry. C.D. Howe Institute Commentary 290.
Paper not yet in RePEc: Add citation now
Kamenik, Ondra, Heesun Kiem, Vladimir Klyuev, and Douglas Laxrton. 2008. Why Is Canada's Price Level So Predictable? IMF Working Paper WP/08/25. January.
- King, Mervyn. 2000. Balancing the Economic See Saw. Speech to the Plymouth Chamber of Commerce and Industry's 1 87th Anniversary Banquet, 18 April, available at www.bankofengland.co.uk/publications/ speeches/2000/speech82.htm.
Paper not yet in RePEc: Add citation now
- Kohn, Donald. 2008. Implications of Globalization for the Conduct of Monetary Policy. At the International Symposium of the Banque de France, Paris, France, 7 March, available at http://www.federalreserve.gov/ newsevents/speech/kohn2008O3O7a.htm Lahart, Justin. 2008. Fed Rethinks Stance on Popping Bubbles. Wall Street Journal, 17 October.
Paper not yet in RePEc: Add citation now
- Laidler, David, and Shay Aba. 2002. Productivity and the Dollar: Commodities and Exchange Rate Connection. C.D. Howe Institute Commentary No. 158, February.
Paper not yet in RePEc: Add citation now
- Laidler, David. 2004. Sticking to its Knitting: Why the Bank of Canada Should Focus on Inflation Control, not Financial Stability. C.D. Howe Commentary No. 196. February.
Paper not yet in RePEc: Add citation now
- Mahadeva, Lavan, and Gabriel Sterne, eds. 2000. Monetary Policy Frameworks in a Global Context. London: Routledge.
Paper not yet in RePEc: Add citation now
March 2009 Johnson, David. Collateral Damage: The Impact of Work Stoppages on Student Performance in Ontario. C.D. Howe Institute c-brief.
March 2009 Laurin, Alexandre. A Balancing Act: Making the Canadian Secured Credit Facility Work. C.D. Howe Institute c-brief.
March 2009 Laurin, Alexandre. Cleaning Up the Books: A Proposal for Revamping Corporate Group Taxation in Canada. C.D. Howe Institute Commentary 284. Commentary 292 /33 aft acw 0U83U0 `03U010J4 2iflUI3O12~J zwpoaj 3~3S LUOX L9 M'S IFYI uopa~qqnj `MP.) aD
March 2009 Poschmann, Finn. Sales Tax Reform in Ontario: The Time is Right. C.D. Howe Institute c-brief.
March 2009 Robson, William B.P. To the Next Level: From Gold Standard to Inflation Targets - to Price Stability? C.D. Howe Institute Commentary 285.
May 2009 Dachis, Benjamin. Low-Carbon Fuel Standards: Driving in the Wrong Direction. C.D. Howe Institute c-brief.
May 2009 de Oliveira, Claire. Good Health to All: Reducing Health Inequalities among Children in High-and Low-Income Canadian Families. C.D. Howe Institute Commentary 288.
May 2009 Moussaly-Sergich, Karim, and François Vaillancourt. Extra Earning Power: The Financial Returns to University Education in Canada. C.D. Howe Institute c-brief.
May 2009 Steele, Marion, and François Des Rosiers. Building Affordable Rental Housing in Unaffordable Cities: A Canadian Low-Income Housing Tax Credit. C.D. Howe Institute Commentary 289.
- Meltzer, Allan. 2002. A History of the Federal Reserve (Chicago: University of Chicago Press).
Paper not yet in RePEc: Add citation now
- Meltzer, Allan. 2008. That 70's Show. Wall Street Jou ma1 Online. 28 February, http://online.wsj.com/articleI SB 1204162 13296398435.html.
Paper not yet in RePEc: Add citation now
Mihaljek, Dubravko, and Marc Klau. 2001. A Note on the Pass-Through From Exchange Rates and Foreign Price Changes to Inflation in Selected Emerging Market Economies. BIS papers No. 8, November.
- Minder, Raphael. 2008. Thai Minister Hits at Central Bank. Financial Times, 30 July.
Paper not yet in RePEc: Add citation now
Mishkin, Frederic, and Klaus Schmidt-Hebbel. 2007. Does Inflation Targeting Make A Difference? NBER working paper 12876. January.
Mishkin, Frederic, and Miguel Savastano. 2000. Monetary Policy Strategies for Emerging Market Economies: Lessons from Latin America. NBER Working Paper 7617.
Murray, John, Lawrence Schembri, and Pierre St. Amant. 2003. Revisting the Case for Flexible Exchange Rates in North America. North American Journal ofEconomics and Finance, 14 (April): 207-40.
Orphanides, Athanasios, and John C. Williams. 2003. Inflation Scares and Forecast-Based Monetary Policy. Working Paper. July.
- Papademos, Lucas. 2008. Globalisation and Central Bank Policies. Speech at the Bridge Forum Dialogue, Luxembourg, 22 January. Available from http://www.ecb.int/press/key/date/2008/html/ spO8O 122_2.en.html.
Paper not yet in RePEc: Add citation now
- Poole, William. 2006. The Fed's Monetary Policy Rule. Review of the Federal Reserve Bank of St. Louis, 88 (January/February): 1-12.
Paper not yet in RePEc: Add citation now
Powell, James. 1999. A History of the Canadian Dollar. Available at www.bankofcanada.ca/eu/dollar.booki index.html Ramey, Garey, and Valerie. 1995. Cross-Country Evidence of the Link Between Growth and Volatility. American Economic Review 85 (December): 1138-51.
- Reserve Bank of New Zealand. 1992. Monetary Policy and the New Zealand Financial System, 3rd Edition.Wellington: Reserve Bank of New Zealand.
Paper not yet in RePEc: Add citation now
- Rose, Andrew K. 2007. A Stable International Monetary Regime Emerges: Inflation Targeting is Bretton Woods Reversed. Journal oflnternationalMoney and Finance 26: 663-68 1.
Paper not yet in RePEc: Add citation now
- Roubini, Nouriel. 2006. Why Central Banks Should Burst Bubbleas. Stern School of Business and Roubini Global Economics. January.
Paper not yet in RePEc: Add citation now
Sack, Brian, and Volker Wieland. 2000. Interest-rate Smoothing and Optimal Monetary Policy: A Review of Recent Empirical Evidence. Journal ofEconomics and Business 52 (January-April): 205-228.
Saunders, Douglas. 2008. Wanted: A New Financial World Order. Globe and Mail, 18 October. Commentary 292 /31 C.D. Howe Institute Sekine, Toshitaka. 2006. Time-Varying Exchange Rate PassThrough: Experiences of Some Industrial Countries. BIS Working Paper 202. March.
Siklos, Pierre, and Martin Bohl. 2008. Asset Prices as Indicators of Euro Area Monetary Policy: An Empirical Assessment of Their Role in a Taylor Rule. International Journal ofEconomics and Finance 13(2008): 247-65.
Siklos, Pierre. 2000. Is the MCI A Useful Signal of Monetary Policy Conditions? An Empirical Investigation. International Finance 3: 413-37.
- Singleton, John, with Arthur Grimes, Garry Hawke, and Frank Holmes. 2006. Innovation and Independence. The RBNZ 1973-2002. Auckland: Auckland University Press.
Paper not yet in RePEc: Add citation now
- Stein, Ben. 2008. Can the Fed Answer All the Alarms?, New York Times, 22 June 2008, http://www.nytimes.com/2008/06/22/business/ 22every.html?scp= 5 &sq=ben+stein&st=nyt.
Paper not yet in RePEc: Add citation now
- Stiglitz, Joseph. 2008. The Urgent need to Abandon Inflation targeting, Business Day, 8 May.
Paper not yet in RePEc: Add citation now
- Taylor, John B. 2008a. Monetary Policy and the State of the Economy. Testimony before the Committee on Financial Services, U.S. House of Representatives, 26 February.
Paper not yet in RePEc: Add citation now
To order this publication please contact: Renouf Publishing Company Limited, 5369 Canotek Road, Ottawa, Ontario K1J 9J3; or the C.D. Howe Institute, 67 Yonge St., Suite 300, Toronto, Ontario M5E 1J8. The full text of this publication is also available on the Institute's website at www.cdhowe.org. /32 Commentary 292 July 2009 Busby, Colin, and William B.P. Robson. Equipping Ourselves in Tough Times: Canada's Improved Business Investment Performance. C.D. Howe Institute c-brief.
- Trichet, Jean-Claude. 2008. The Financial Turbulence: Where Do We Stand? Speech delivered at the Economic Club of New York, 14 October. Available at www.ecb.int/press/key/date/2008/html/ sp2008lO l4en.html.
Paper not yet in RePEc: Add citation now
- Volcker, Paul, and Toyoo Gyohten. 1992. Changing Fortunes. The Worlds Money and the Threat to American Leadership. New York: Random House.
Paper not yet in RePEc: Add citation now
- Weber, Axel A. 2008. Globalization, Monetary Policy and the Euro. Speech at the Norges Bank conference Jarle Bergo Colloquium: Globalisation and Monetary Policy. Oslo, 7 March.
Paper not yet in RePEc: Add citation now
- White, William R. 2008. Globalization and the Determinants of Domestic Inflation. BIS Working Paper 250. March.
Paper not yet in RePEc: Add citation now
- Wicksell, Knut. 1898. Interest and Prices. A Study of the Causes Regulating the Value ofMoney. (Reprint) New York: A.M. Kelly.
Paper not yet in RePEc: Add citation now
- Woodford, Michael. 2003. Interest and Prices (Princeton, N.J.: Princeton University Press. CD. Howe Institute Commentary is a periodic analysis of, and commentary on, current public policy issues. James Fleming edited the manuscript; Stephanie McLaughlin prepared it for publication. As with all Institute publications, the views expressed here are those of the author and do not necessarily reflect the opinions of the Institute's members or Board of Directors. Quotation with appropriate credit is permissible.
Paper not yet in RePEc: Add citation now