Rethinking Stabilization Policy

A symposium sponsored by the Federal Reserve Bank of Kansas City
Jackson Hole, Wyoming
  August 29 - 31, 2002

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

• The Contributors

• Symposium Summary
  GORDON H. SELLON, JR.
  Vice President and Economist,
  Federal Reserve Bank of Kansas City

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

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Changing Views About Stabilization Policy: A Historical Perspective

• The Evolution of Economic Understanding and Postwar
  Stabilization Policy Perspective
  CHRISTINA D. ROMER
  Professor, University of California at Berkeley
  
  DAVID ROMER
  Professor, University of California at Berkeley

• Commentary
  THOMAS J. SARGENT
  Professor, Stanford University and Senior Fellow,
  Hoover Institution
  
  
• General Discussion

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Is There a Role for Counter-Cyclical Fiscal Policy?

• Is There a Role for Discretionary Fiscal Policy?
  ALAN J. AUERBACH
  Professor, University of California at Berkeley

• Commentary
  MARTIN FELDSTEIN
  President and CEO, National Bureau of Economic Research
  
  
• Commentary
  FUMIO HAYASHI
  Professor, University of Tokyo
  
  
• General Discussion

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Monetary Policy in a Changing Economic Environment

• Commentary
  OTMAR ISSING
  Member of the Executive Board, European Central Bank
  
  
• Commentary
  GUILLERMO ORTÍZ MARTÍNEZ
  Governor, Bank of Mexico
  
  
• Commentary
  YUTAKA YAMAGUCHI
  Deputy Governor, Bank of Japan
  

• General Discussion

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Are There Limits to the Use of Monetary Policy For Economic Stabilization?

• Monetary Policy and Real Stabilization
  LARS E.O. SVENSSON
  Professor, Princeton University
  
  
• Commentary
  MATTI VANHALA
  Governor, Bank of Finland

• General Discussion

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Monetary and Fiscal Policy: Independence or Dependence?

• Should the European Central Bank and the Federal Reserve Be
  Concerned About Fiscal Policy?
  MATTHEW B. CANZONERI
  Professor, Georgetown University
  
  ROBERT E. CUMBY
  Professor, Georgetown University
  
  BEHZAD DIBA
  Professor, Georgetown University
  
  
• Commentary
  ALAN S. BLINDER
  Professor, Princeton University
  
  
• Commentary
  SEBASTIAN EDWARDS
  Professor, University of California at Los Angeles
  
  
• General Discussion

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Overview Panel

• Commentary
  DAVID A. DODGE
  Governor, Bank of Canada
   
• Commentary
  JACOB A. FRENKEL
  Chairman, Merrill Lynch International
   
• Commentary 
  FREDERIC S. MISHKIN
  Professor, Columbia University
  
  
• General Discussion

• The Participants

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