Reflections on the international monetary crisis

Monetary policy ; Germany ; France ; Great Britain

U.S. monetary policy in an integrating world: 1960 to 2000: discussion

Monetary policy ; Federal Open Market Committee ; Monetary policy - United States

The Debt of Developing Countries: Another Look

macroeconomics, developing countries, debt

The Allocation of "Oil Deficits"

macroeconomics, oil, deficits

A Perspective on the Debt of Deveoloping Countries

macroeconomics, developing countries debt

The French exchange stabilization fund

Foreign exchange ; Exchange Stabilization Fund

Educational Spillovers: Does One Size Fit All?

In a search model of production, where agents accumulate heterogeneous amounts of human capital, an individual worker's wage depends on average human capital in the searching population. Following this model, the authors use a large American panel data set to estimate a Mincerian wage equation augmented with terms for average human capital. They find that there is a positive and significant spillover effect, but that the effect differs by gender and population group (whites, blacks, and Hispanics), as well as educational status. The differing spillover effects can only partially be explained by occupational choice.Labour markets

Issues in Inflation Targeting: A Summary of the Bank of Canada Conference Held 28-29 April 2005

The Bank of Canada's 2005 conference focused on two critical issues: price-level targets versus inflation targets, and the appropriate level of inflation. Session topics included new methodological approaches to examining the validity of the New Keynesian Phillips curve for Canada; the monetary policy implications of border effects and the financial-accelerator model; the zero lower bound on nominal interest rates; and inflation and welfare in general-equilibrium macroeconomic models. A panel of invited speakers discussed the issues of each session, and two distinguished speakers gave their perspectives on inflation.