Foreword
THOMAS M. HOENIG
President, Federal Reserve Bank of Kansas City
Opening Remarks
ALAN GREENSPAN
Chairman, Board of Governors of the Federal Reserve System
Long-Term Tendencies in Budget Deficits and Debt
PAUL MASSON
Assistant Director of Research, International Monetary Fund
MICHAEL MUSSA
Director of Research, International Monetary Fund
Commentary
KUMIHARU SHIGEHARA
Head of the Department of Economics and Statistics, Organization for Economic Cooperation and Development
Table 2
What Do Budget Deficits Do?
LAURENCE BALL
Professor, Johns Hopkins University
N. GREGORY MANKIW
Professor, Harvard University
Commentary
ROBERT A. JOHNSON
Moore Capital Management
Commentary
ALLAN H. MELTZER
Professor, Carnegie-Mellon University
Monetary Policy Implications of Greater Fiscal Discipline
JOHN B. TAYLOR
Professor, Stanford University
Commentary
MERVYN KING
Chief Economist and Executive Director, Bank of England
Commentary
HELMUT SCHIEBER
Member of the Directorate, Deutsche Bundesbank
The Canadian Experience in Reducing Budget Deficits and Debt
PAUL MARTIN
Minister of Finance, Canada
Solutions for Developed Economies
ALAN J. AUERBACH
Professor, University of California, Berkeley
Solutions for Developed Economies
ALBERTO GIOVANNINI
Professor, Columbia University
Solutions for Developed Economies
PETER PETERSON
Chairman, The Blackstone Group
Solutions for Developed Economies
JURGEN STARK
Under-Secretary for International Affairs, Ministry of Finance, Germany
Public Sector Deficits and Macroeconomic Stability in Developing Economies
SEBASTIAN EDWARDS
Chief Economist, Latin American and Caribbean Regional Office, The World Bank Edwards -
Tables 1, 6, 7, and 9
Commentary
JOSE PABLO ARELLANO
Budget Director, Ministry of Finance, Chile
Commentary
JOHN FLEMMING
Warden, Wadham College, Oxford University
General Discussion
Overview Panelists
MARTIN FELDSTEIN
President, NBER
GORAN PERSSON
Minister of Finance, Sweden
JAMES D. WOLFENSOHN
President, The World Bank