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The Greenspan Era: Lessons for the Future


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


The Contributors


Symposium Introduction
GEORGE A. KAHN
Vice President and Associate Director of Research, Federal Reserve Bank of Kansas City


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


Economic Performance in the Greenspan Era: The Evolution of Events and Ideas

Authors:

ALAN S. BLINDER
Professor, Princeton University

RICARDO REIS
Professor, Princeton University

Paper:  Understanding the Greenspan Standard

Discussants:

ALLAN H. MELTZER
Professor, Carnegie Mellon University

JOHN B. TAYLOR
Professor, Stanford University

General Discussion

Business Cycle Dynamics and Monetary Policy

Author:

ROBERT E. HALL
Professor, Stanford University

Paper: Separating the Business Cycle From Other Economic Fluctuations 

Discussants:

CHARLES BEAN
Executive Director and Chief Economist, Bank of England

N. GREGORY MANKIW
Professor, Harvard University

General Discussion
Current Account Imbalances: How Will They End?

Author:

SEBASTIAN EDWARDS
Professor, University of California, Los Angeles

Paper: The End of Large Current Account Deficits 

Discussants:

BARRY EICHENGREEN
Professor, University of California, Berkeley

CATHERINE L. MANN
Senior Fellow, Institute for International Economics

General Discussion
Luncheon Address

ROBERT E. RUBIN
Director, Citigroup

General Discussion
Financial Markets, Financial Fragility, and Central Banking

Author:

RAGHURAM G. RAJAN
Economic Counsellor and Director of Research, International Monetary Fund

Paper:  Has Financial Development Made the World Riskier?

Discussants:
DONALD L. KOHN  
Governor, Board of Governors of the Federal Reserve System

HYUN SONG SHIN
Professor, London School of Economics

General Discussion


Central Bank Transparency and Communications Policy 

Author:

MICHAEL WOODFORD
Professor, Columbia University

Paper: Central-Bank Communication and Policy Effectiveness

Discussant:

TIFF MACKLEM
Deputy Governor, Bank of Canada
General Discussion
Monetary Policy Strategies: A Central Bank Panel   

Panelists:

KAZUMASA IWATA
Deputy Governor, Bank of Japan

MERVYN A. KING
Governor, Bank of England

JEAN-CLAUDE TRICHET 
President, European Central Bank

General Discussion


Closing Remarks

ALAN GREENSPAN
Chairman, Board of Governors of the Federal Reserve System


 The Participants
 
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