Joint Bank of Canada and European Central Bank Conference on Defining price stability: Theoretical options and practical experience
Date: 26 and 27 November 2007
Venue:
European Central Bank
Conference room: CVII, Eurotower, 2nd floor
Kaiserstrasse 29
D-60311 Frankfurt am Main
Please note that the conference is by invitation only.
The maintenance of price stability is now established as the principal objective of most central banks worldwide. In pursuing this objective central banks face a wide range of theoretical and empirical issues when defining their price stability objective. These issues include: the welfare implications of alternative rates of inflation; the role of expectations and price-setting mechanisms; and the benefits and costs of defining the objective in terms of a price level rather than an inflation rate.
Against this background, the Bank of Canada and the ECB are organising a conference on the subject of “Defining price stability: Theoretical options and practical experience” on 26 and 27 November 2007. The conference seeks to bring together the latest research on the theoretical and empirical issues which arise in the context of defining price stability.
The conference is being organised by Robert Amano (Bank of Canada), Larry Christiano (Northwestern University & Federal Reserve Bank of Chicago), Gabriel Fagan (ECB) and Massimo Rostagno (ECB). It will be possible to download the papers as soon as they become available by clicking on the link below. Attendance at the conference is by invitation only.
Organisers:
Robert Amano (Bank of Canada)
Lawrence Christiano (Northwestern University & Federal Reserve Bank of Chicago)
Gabriel Fagan (European Central Bank)
Massimo Rostagno (European Central Bank)
Please address any correspondence to
Ms Iris Bettenhaeuser
DG-Research, Monetary Policy Research Division
Kaiserstrasse 29
D-60311 Frankfurt am Main.
For electronic submissions, please send an e-mail to iris.bettenhaeuser@ecb.int.
| 08:30 – 09:00 | Registration / Coffee |
| 09:00 – 09:30 | Welcome John Murray (Bank of Canada) Opening remarks Jürgen Stark (Executive Board Member, European Central Bank) en |
| Session I | Inflation and welfare Chair: John Murray (Bank of Canada) |
| 09:30 – 10:30 | Trend inflation, wage and price rigidities, and welfare Kevin Moran (Université Laval) with Robert Amano (Bank of Canada), Stephen Murchison (Bank of Canada) and Andrew Rennison (Bank of Canada) |