The San Francisco Fedís Research Department organized two conferences
in 2000, both of which were cohosted with the Stanford Institute
of Economic Policy Research at Stanford University.
One was a two-day conference focusing on whether the U.S. economy
has undergone a structural change and what the implications are
for monetary policy. Papers covered a range of topics, from the
role of information technology in the boom of the late 1990s to
optimal monetary policy rules.
The second conference was a one-day workshop. Researchers offered
different explanations of the recent behavior of the stock market.
Among the explanations were those that emphasized the role of the
technology revolution and those that suggested that the market might
be experiencing a "bubble."
These conferences bring professional economists from the Federal
Reserve System and from research institutions together with policymakers
from the U.S. and abroad. Many of the papers presented are "works
in progress" and therefore represent the latest research on
policy-related issues. Attendance at all of the conferences is by
invitation only. In addition, the papers are chosen from submissions
by a select group of noted researchers.
In this section are the conference agendas as well as summaries
of the two conferences that appeared in our FRBSF Economic Letter.