Discussion - Paul Jenkins

Central bank talk has been a topic of debate and empirical analysis within the central bank community and the economics profession for at least the thirty years that span Chuck’s career as a central banker. And what many regard as the seminal work in this area has a particularly Canadian connection. The work on bureaucratic theory and the choice of central bank goals by Acheson and Chant (1973) challenged the prevailing view in central banks that it was best to say nothing and let actions speak for themselves.