C.D. Howe Institute Names Pierre Siklos to its Monetary Policy Council

    TORONTO, Jan. 10 /CNW/ - William Robson, president and CEO of the C.D.
Howe Institute, today announced a new member of the Institute's prestigious
Monetary Policy Council (MPC). He is Dr. Pierre Siklos, Professor of Economics
at Wilfrid Laurier University.
    Dr. Siklos specializes in macroeconomics with an emphasis on the study of
inflation, central banks, and financial markets, as well as a focus on applied
time-series analysis. His research has been published in a variety of
international journals and he has been a consultant to many institutions and
central banks. He has also been a visiting lecturer at several universities in
Europe, North America, Australia, and New Zealand. His Money and Banking
textbook, now in its 5th edition, is the leading textbook in this field in
Canada. He is the Managing Editor of the North American Journal of Economics
and Finance. In 2008 he will be chairholder of the Bundesbank Foundation of
International Monetary Economics.
    "Pierre Siklos's research on monetary policy and its effects on financial
markets and the economy is outstanding," said Mr. Robson, who is the MPC's
non-voting chair. "He is one of Canada's foremost experts on central banking
in Canada and abroad. The MPC's ability to comment effectively on the Bank of
Canada's actions will be much stronger for his participation."
    Dr. Siklos replaces Tim O'Neill of O'Neill Strategic Economics, who has
been a member of the MPC since its inception in 2003.
    The MPC comprises 12 of Canada's most distinguished financial-market and
monetary economists. By convening to discuss the Bank of Canada's target for
the overnight rate - the benchmark interest rate it uses to influence monetary
conditions in Canada - shortly before each of the Bank's interest-rate
announcements, the Council provides a regular, independent assessment of the
Bank's stance as it seeks to achieve its 2 percent inflation target.
    More information on the MPC's membership and activities is available at:

    The C.D. Howe Institute is Canada's leading independent, nonpartisan,
nonprofit economic policy research institution. Its individual and corporate
members are drawn from business, universities and the professions.

For further information:

For further information: William B.P. Robson, President and CEO, C.D.
Howe Institute, (416) 865-1904, cdhowe@cdhowe.org

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