SEPTEMBER 22 - 25, 2020

Real Options for the Bank of Canada’s Mandate Renewal

If you registered for the conference, and are looking for information on how to access the sessions, please click here.

The COVID-19 pandemic has disrupted the world, pushing the global economy into recession and forcing countries to take on nearly unprecedented levels of public debt. Discussion and debate over the pathway to economic recovery are already underway. In this context, monetary policy is a crucial policy tool.

The Bank of Canada’s mandate is up for renewal next year, and it is time to start thinking about what monetary policy in the post-pandemic era should look like.

Join McGill University’s Max Bell School of Public Policy for a four-day conference, during which independent economists from across Canada, the United States, and Europe will examine the Bank’s mandate and explore the most credible options for the next phase of Canadian monetary policy.


Max Bell School Conference Speakers

Our speakers are experts in monetary policy, economics, and politics.

Narayana Kocherlakota

Lionel W. McKenzie

Professor of Economics

University of Rochester

Michelle Alexopoulos Max Bell School Conference

Michelle Alexopoulos

Professor of Economics

 University of Toronto

Sylvain Leduc

Executive Vice President and

Director of Research

Federal Reserve Bank of

San Francisco

Steve Ambler

Professor of Economics,

Université du Québec à Montréal

Luba Petersen

Associate Professor of Economics

Simon Fraser University

Douglas Laxton

Adjunct Professor

NOVA School of Business & Economics

Thor Koeppl Max Bell School conference

Thor Koeppl

Professor of Economics & RBC Fellow

Queen's University

Diane Bellemare

Economist and Canadian Senator


Max Bell School Conference Agenda

The conference features six presentations, a keynote, and a panel discussion

This four-day conference will feature the presentation of six possible options for the renewal of the Bank of Canada’s mandate. Each option will be thoroughly examined by one author (and all papers will be available to participants). Discussants will react to each of the policy options being presented. To conclude the conference, a final panel of policy practitioners will evaluate all the options presented, and each panelist will indicate their recommendation.

The authors’ papers, discussants’ comments and a conference summary will be published in a single edited volume — the first of a series of annual conference volumes to be published by the Max Bell School of Public Policy.


Raising the inflation target

With Luba Petersen

Reducing the inflation target

With Thor Koeppl

Targeting nominal GDP

With Steve Ambler

Adopting a dual mandate

With Douglas Laxton

Keynote Presentation: A 21st

Century Perspective on

Central Bank Credibility

With Narayana Kocherlakota

Incorporating asset prices

into the IT framework

With Sylvain Leduc

Maintaining the status quo

With Michelle Alexopoulos

Panel discussion:

Examining the options

With Various Panelists



Max Bell School Conference Registration Information

Registration for general admission is $149 and student tickets are $49

Conference tickets include early access to conference publications, networking opportunities, daily email updates, and access to conference recordings.


General ticket - $149

Student ticket - $49


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