Hosted by the Bank of Canada, the primary goal of this day-long workshop is 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, taking place at the Bank of Canada, will comprise a series of lively and thought-provoking panel discussions. It will be webcast live. The invited audience will include 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.
CIGI senior fellows Kevin Carmichael and Pierre Siklos will participate as panelists on the topic of monetary policy transparency and communication.
Kevin Carmichael is a senior fellow at the Centre for International Governance Innovation and the national business columnist at the Financial Post.
Pierre Siklos is a CIGI senior fellow. His research interests include applied time series analysis and monetary policy, with a focus on inflation and financial markets. Pierre is a research associate at Australian National University’s Centre for Macroeconomic Analysis and a senior fellow at the Rimini Centre for Economic Analysis.