New Frontiers in Monetary Policy Design

NOTE: The papers listed here are reproduced as submitted by their respective authors, and do not necessarily reflect the opinions or policies of the Bank of Canada. Papers submitted by persons not in the employ of the Bank of Canada may be subject to the copyright policies of the submitters' organizations and/or countries, and therefore should not be reproduced in whole or in part without the permission of the author(s). Papers are presented in the language of the authors only.

"Risk Premium Shocks and the Zero Bound on Nominal Interest Rates"

Presentation: Robert Amano and Malik Shukayev

"Limitations on the Effectiveness of Forward Guidance at the Zero Lower Bound"

Presentation: Andrew Levin, David López-Salido, Tack Yun, and Edward Nelson

"Downward Wage Rigidity and Optimal Steady State Inflation"

Presentation: Gabriel Fagan and Julián Messina

"Inflation, Nominal Debt, Housing and Welfare"

Presentation: Shutao Cao, Césaire Meh, Yasuo Terajima, and José-Víctor Ríos-Rull

"Endogenous Rule-of-Thumb Price-Setters and Monetary Policy"

Presentation: Robert Amano, Rhys Mendes, and Stephen Murchison

"Price-Level Targeting and Risk Management in a Low-Inflation Economy"

Presentation: Roberto Billi