Federal Reserve Bank of San Francisco
Stanford Institute for Economic Policy Research
Asset Prices, Exchange Rates, and Monetary Policy
Stanford University
March 2-3, 2001
Conference
Summary
AGENDA
Friday, March 2
Donald L. Lucas Conference Center
Morning Session Chair: JACK BEEBE, Federal Reserve Bank of San Francisco
| 8:15 A.M. |
Continental Breakfast |
| 8:55 A.M. |
Welcoming Remarks: JOHN TAYLOR, Stanford
University |
| 9:00 A.M. |
JAMES H. STOCK, Harvard University
MARK W. WATSON, Princeton University
Forecasting Output and Inflation: The Role
of Asset Prices (Appendix) |
| |
Discussants: |
CLIVE GRANGER, University of California, San Diego
CHRISTOPHER SIMS, Princeton University |
| 10:30 A.M. |
Break |
| 11:00 A.M. |
KAI LEITEMO, Central Bank of Norway
ULF SÖDERSTRÖM, Central Bank of Sweden
Simple Monetary Policy Rules and Exchange
Rate Uncertainty
(PDF - 594KB)
|
| |
Discussants: |
PIERPAOLO BENIGNO, New York University
ANDREW ROSE, University of California, Berkeley |
| Bechtel Center |
| 12:30 P.M. |
Lunch |
Donald L. Lucas Conference Center
Afternoon Session Chair: JOHN TAYLOR, Stanford University |
| 2:00 P.M. |
NICOLETTA BATINI, Bank of England
RICHARD HARRISON, Bank of England
STEPHEN P. MILLARD, Bank of England
Monetary Policy Rules for an Open Economy
(PDF - 347KB)
Technical Annexes
(PDF - 43KB) |
| |
Discussants: |
RICHARD CLARIDA, Columbia University
JEFFREY FUHRER, Federal Reserve Bank of Boston |
| 3:30 P.M. |
Break |
| 4:00 P.M. |
CHARLES GOODHART, London School of Economics
BORIS HOFMANN, University of Bonn
Asset Prices, Financial Conditions and the
Transmission of Monetary Policy |
| |
Discussants: |
BEN BERNANKE, Princeton University
ANDREW FILARDO, Federal Reserve Bank of Kansas City |
| Schwab Center |
| 5:30 P.M. |
Reception |
| 6:30 P.M. |
Dinner
Introduction: ROBERT PARRY, President, Federal Reserve Bank of San
Francisco
Speaker: JOHN LIPSKY, Chief Economist, J.P. Morgan and Company |
Saturday, March 3
Donald L. Lucas Conference Center
Morning Session Chair: GLENN RUDEBUSCH, Federal Reserve Bank of San
Francisco |
| 8:00 A.M. |
Continental Breakfast |
| 8:45 A.M. |
MARK GERTLER, New York University
SIMON GILCHRIST, Boston University
FABIO NATALUCCI, New York University
External Constraints on Monetary Policy and
the Financial Accelerator |
| |
Discussants: |
RICARDO CABALLERO, Massachusetts Institute of Technology
MICHAEL KUMHOF, Stanford University (PDF -
32KB) |
| 10:15 A.M. |
Break |
| 10:30 A.M. |
BENNETT McCALLUM, Carnegie-Mellon University
Inflation Targeting and the Liquidity Trap
(PDF - 229KB) |
| |
Discussants: |
LARS SVENSSON, Stockholm University
CARL WALSH, University of California, Santa Cruz |
| 12:00 P.M. |
Buffet Lunch |
|
