Money, Monetary Policy, and Transmission Mechanisms
Introduction
Kevin Clinton and Walter Engert
Opening Remarks
Jack Selody
Session 1: Measuring Money
Measuring Transactions Money in a World of Financial Innovation
Jean-Pierre Aubry and Loretta Nott
Discussion: Angela Redish
Discussion: William Robson
General Discussion
Broad Money: A Guide for Monetary Policy
Kim McPhail
Discussion: Alain Paquet
Discussion: Tony S. Wirjanto
General Discussion
Monetary Aggregates and Monetary Policy
Apostolos Serletis and Terence E. Molik
Discussion: Joseph Atta-Mensah
Discussion: Seamus Hogan
General Discussion
Session 2: Policy Applications
The M1 Vector-Error-Correction Model: Some Extensions and Applications
Charleen Adam and Scott Hendry
Discussion: Stefan Gerlach
Discussion:Shamik Dhar
General Discussion
Swiss Monetary Policy under a Flexible Exchange Rate Regime: Monetary Targets in Practice
Michel Peytrignet
Discussion: Chantal Dupasquier
Discussion: Daniel Racette
General Discussion
Measuring the Stance of Monetary Policy
Ben S.C. Fung and Mingwei Yuan
Discussion: Frank Smets
Discussion: Sharon Kozicki
General Discussion
Session 3: Theory
Financial Intermediation, Beliefs, and the Transmission Mechanism
Robert Amano, Scott Hendry, and Guang-Jia Zhang
Discussion: Paul Gomme
Discussion: Sylvain Leduc
General Discussion
Credit Crunch, Bank Lending, and Monetary Policy: A Model of Financial Intermediation with Heterogeneous Projects
Mingwei Yuan and Christian Zimmermann
Discussion: Emanuela Cardia
Discussion: Shouyong Shi
The Expectations Trap Hypothesis
Lawrence J. Christiano and Christopher Gust
Discussion: Tiff Macklem
Discussion: David Andolfatto
General Discussion
Session 4: Panel Discussion
Discussion 1: Charles Freedman
Discussion 2: Marvin Goodfriend
Discussion 3: David Laidler
General Discussion
The Participants
Bank topic index: Economic Models, Financial Institutions, Monetary aggregates, Monetary Policy and Uncertainty, Monetary Policy Framework, Transmission of Monetary Policy