Monetary Policy and Uncertainty: Adapting to a Changing Economy



A symposium sponsored by the Federal Reserve Bank of Kansas City
Jackson Hole, Wyoming
August 28 - 30, 2003

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


  • Symposium Introduction 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

Has the Business Cycle Changed?
  • JAMES H. STOCK
    Professor, Harvard University

  • MARK W. WATSON
    Professor, Princeton University

Globalization and Global Disinflation
  • KENNETH S. ROGOFF
    Economic Counsellor and Director,
    Research Department - International Monetary Fund

Wither Monetary and Financial Stability? The Implications of Evolving Policy Regimes
  • CLAUDIO BORIO
    Head of Research and Policy Analysis, Bank for International Settlements

  • WILLIAM R. WHITE
    Economic Adviser, Head of Monetary and Economic Department, Bank for International Settlements

  • Commentary
    MARK GERTLER
    Professor, New York University

Luncheon Address
  • IAN PLENDERLEITH
    Deputy Governor, South African Reserve Bank

Implications of a Changing Economic Structure for the Implementation of Monetary Policy
Panelists
  • Commentary
    VITOR GASPAR
    Director General, Research - European Central Bank

  • Commentary
    VINCENT R. REINHART
    Director, Division of Monetary Affairs - Board of Governors of the Federal Reserve System

  • Commentary
    GLENN R. STEVENS
    Deputy Governor - Reserve Bank of Australia
  • General Discussion

Implications of a Changing Economic Structure for the Strategy of Monetary Policy
  • CARL E. WALSH
    Professor, University of California, Santa Cruz

  • Commentary
    DAVID LONGWORTH
    Deputy Governor, Bank of Canada

  • Commentary
    General Discussion

Overview Panel