New Challenges for Monetary Policy

A symposium sponsored by the Federal Reserve Bank of Kansas City
Jackson Hole, Wyoming
  August 26-28, 1999

• Foreword
  THOMAS M. HOENIG
  President, Federal Reserve Bank of Kansas City

• The Contributors

• Symposium Summary
  GORDON H. SELLON, JR.
  Vice-President & Economist, Federal Reserve Bank of Kansas City,
  CHARMAINE R. BUSKAS
  Research Associate, Federal Reserve Bank of Kansas City

• Opening Remarks
  ALAN GREENSPAN
  Chairman, Board of Governors of the Federal Reserve System

• Challenges for Monetary Policy: New and Old
  MERVYN KING, Deputy Governor
  Bank of England

• Commentary
  JOHN TAYLOR, Professor
  Stanford University

• General Discussion

• Monetary Policy and Asset Price Volatility
  BEN BERNANKE, Professor
  Princeton University
  MARK GERTLER, Professor
  New York University

• Commentary
  RUDIGER DORNBUSCH, Professor
  Massachusetts Institute of Technology

• General Discussion

PANEL:

• Practical Experience with Asset Bubbles and Financial Crises
  
  Monetary Policy in a Transition to a Floating Exchange Rate: Remarks on the Recent Brazilian Experience
  Panelist: ARMINIO FRAGA, President Central Bank of Brazil
  
  The Czech Experience with Asset Bubbles and Financial Crises
  Panelist: JOSEF TOSOVSKY, Governor Czech National Bank
  
  Asset Price and Monetary Policy: Japan's Experience
  Panelist: YUTAKA YAMAGUCHI, Deputy Governor Bank of Japan

• General Discussion

LUNCHEON ADDRESS:

• Economic and Monetary Union in Europe - The Challenges Ahead
  WILLEM DUISENBERG, President
  European Central Bank

• How Should Monetary Policy Be Conducted in an Era of Price Stability?
  LARS SVENSSON, Professor
  Institute for International Economic Studies, Stockholm University

• Commentary
  ALLAN MELTZER, Professor
  Carnegie-Mellon University

• Commentary
  MICHAEL WOODFORD, Professor
  Princeton University

• General Discussion

• Exchange Rates and Financial Fragility
  BARRY EICHENGREEN, Professor
  University of California - Berkeley
  RICARDO HAUSMANN, Chief Economist
  Inter-American Development Bank

• Commentary
  MARTIN FELDSTEIN,President
  National Bureau of Economic Research

• General Discussion

Overview Panelists

• STANLEY FISCHER, First Deputy Managing Director
  International Monetary Fund
• JACOB FRENKEL, Governor
  Bank of Israel
• ANDREW CROCKETT, General Manager
  Bank for International Settlements

• General Discussion

• The Participants

Back to top                Symposium home