Angular pass callback function to child component as @Input similar to AngularJS way

AngularJS has the & parameters where you could pass a callback to a directive (e.g AngularJS way of callbacks. Is it possible to pass a callback as an @Input for an Angular Component (something like below)? If not what would be the closest thing to what AngularJS does?

@Component({
    selector: 'suggestion-menu',
    providers: [SuggestService],
    template: `
    <div (mousedown)="suggestionWasClicked(suggestion)">
    </div>`,
    changeDetection: ChangeDetectionStrategy.Default
})
export class SuggestionMenuComponent {
    @Input() callback: Function;

    suggestionWasClicked(clickedEntry: SomeModel): void {
        this.callback(clickedEntry, this.query);
    }
}


<suggestion-menu callback="insertSuggestion">
</suggestion-menu>

I think that is a bad solution. If you want to pass a Function into component with @Input(), @Output() decorator is what you are looking for.

export class SuggestionMenuComponent {
    @Output() onSuggest: EventEmitter<any> = new EventEmitter();

    suggestionWasClicked(clickedEntry: SomeModel): void {
        this.onSuggest.emit([clickedEntry, this.query]);
    }
}

<suggestion-menu (onSuggest)="insertSuggestion($event[0],$event[1])">
</suggestion-menu>

UPDATE

This answer was submitted when Angular 2 was still in alpha and many of the features were unavailable / undocumented. While the below will still work, this method is now entirely outdated. I strongly recommend the accepted answer over the below.

Original Answer

Yes in fact it is, however you will want to make sure that it is scoped correctly. For this I've used a property to ensure that this means what I want it to.

@Component({
  ...
  template: '<child [myCallback]="theBoundCallback"></child>',
  directives: [ChildComponent]
})
export class ParentComponent{
  public theBoundCallback: Function;

  public ngOnInit(){
    this.theBoundCallback = this.theCallback.bind(this);
  }

  public theCallback(){
    ...
  }
}

@Component({...})
export class ChildComponent{
  //This will be bound to the ParentComponent.theCallback
  @Input()
  public myCallback: Function; 
  ...
}