Friday, March 2, 2001 – Saturday, March 3, 2001
Asset Prices, Exchange Rates, and Monetary Policy
Stanford University
March 2-3, 2001
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) |
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| Discussants: | CLIVE GRANGER, University of California, San Diego CHRISTOPHER SIMS, Princeton University |
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| 10:30 A.M. | Break | ||
| 11:00 A.M. |
KAI LEITEMO, Central Bank of Norway |
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| Discussants: | PIERPAOLO BENIGNO, New York University ANDREW ROSE, University of California, Berkeley |
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| Bechtel Center | |||
| 12:30 P.M. | Lunch | ||
| Donald L. Lucas Conference Center Afternoon Session Chair: JOHN TAYLOR, Stanford University |
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| 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) |
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| Discussants: | RICHARD CLARIDA, Columbia University JEFFREY FUHRER, Federal Reserve Bank of Boston |
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| 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 |
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| Discussants: | BEN BERNANKE, Princeton University ANDREW FILARDO, Federal Reserve Bank of Kansas City |
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| 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 |
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| Saturday, March 3 Donald L. Lucas Conference Center Morning Session Chair: GLENN RUDEBUSCH, Federal Reserve Bank of San Francisco |
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| 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 |
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| Discussants: | RICARDO CABALLERO, Massachusetts Institute of Technology MICHAEL KUMHOF, Stanford University (PDF – 32KB) |
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| 10:15 A.M. | Break | ||
| 10:30 A.M. | BENNETT McCALLUM, Carnegie-Mellon University Inflation Targeting and the Liquidity Trap (PDF – 229KB) |
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| Discussants: | LARS SVENSSON, Stockholm University CARL WALSH, University of California, Santa Cruz |
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| 12:00 P.M. | Buffet Lunch | ||