Your browser is not supported

Our website does not support the browser you are using. For a better browsing experience update to a compatible browser like the latest browsers from Chrome, Firefox and Safari.

Monetary policy under uncertainty

This June 1998 workshop discussed monetary policy and the effects it has on uncertainties.

Past Event
Monday, 29 June 1998 to Tuesday, 30 June 1998
9:00 am - 3:00 pm
Reserve Bank of New Zealand


Output gap uncertainty: Does it matter for the Taylor rule?
Presented by: Frank Smets (Bank for International Settlements)
Discussant by: Luci Ellis (Reserve Bank of Australia)

Monetary policy with NAIRU uncertainty and endogenous credibility: Perspectives on policy rules and the gains from experimentation and transparency
Presented by: Peter Isard and Douglas Laxton (International Monetary Fraud)
Comments by: Julian Wright (University of Auckland)

The effects of potential output uncertainty on the performance of simple policy rules
Presented by: Aaron Drew and Benjamin Hunt (Reserve Bank of New Zealand)
Comments by: Ralph C Bryant (Brooking Institution)

Learning and the complexity of monetary policy rules
Presented by: Robert J Tetlow, Peter von zur Muehlen and Frederico S Finan (Board of Governors of the Federal Reserve System)
Comments by: Scott Roger (International Monetary Fraud)

Monetary rules when economic behaviour changes
Presented by: Robert Amano, Don Coletti and Tiff Macklem (Bank of Canada)
Comments by: Viv Hall (Victoria University of Wellington)

Transparency, uncertainty and monetary policy
Presented by: Hans Dillen and Jonny Nilsson (Sveriges Riksbank)
Comments by: Andreas Fischer (Swiss National Bank and CEPR)

Should uncertain monetary policymakers do less?
Presented by: Chris Salmon and Ben Martin (Bank of England)
Comments by: Hans Dillen (Sveriges Riksbank)

The implications of uncertainty for monetary policy
Presented by: Geoffrey Shuetrim and Christopher Thompson (Reserve Bank of Australia)
Comments by: Arthur Grimes (Victoria University of Wellington)