Foreword
THOMAS M. HOENIG
President
Federal Reserve Bank of Kansas City
The Contributors
Symposium Summary
GORDON H. SELLON, JR.
Vice-President & Economist
Federal Reserve Bank of Kansas City,
CHARMAINE R. BUSKAS
Research Associate
Federal Reserve Bank of Kansas City
Opening Remarks
ALAN GREENSPAN
Chairman
Board of Governors of the Federal Reserve System
Challenges for Monetary Policy: New and Old
MERVYN KING
Deputy Governor
Bank of England
Commentary
JOHN TAYLOR
Professor
Stanford University
Monetary Policy and Asset Price Volatility
BEN BERNANKE
Professor
Princeton University
MARK GERTLER
Professor
New York University
Commentary
RUDIGER DORNBUSCH
Professor
Massachusetts Institute of Technology
Panel: Practical Experience with Asset Bubbles and Financial Crises
Monetary Policy in a Transition to a Floating Exchange Rate: Remarks on the Recent Brazilian Experience
Panelist: ARMINIO FRAGA
President
Central Bank of Brazil
The Czech Experience with Asset Bubbles and Financial Crises
Panelist: JOSEF TOSOVSKY
Governor
Czech National Bank
Asset Price and Monetary Policy: Japan's Experience
Panelist: YUTAKA YAMAGUCHI
Deputy Governor
Bank of Japan
Luncheon Address
Economic and Monetary Union in Europe - The Challenges Ahead
WILLEM DUISENBERG
President
European Central Bank
How Should Monetary Policy Be Conducted in an Era of Price Stability?
LARS SVENSSON
Professor
Institute for International Economic Studies, Stockholm University
Commentary
ALLAN MELTZER
Professor
Carnegie-Mellon University
Commentary
MICHAEL WOODFORD
Professor
Princeton University
Exchange Rates and Financial Fragility
BARRY EICHENGREEN
Professor
University of California - Berkeley
RICARDO HAUSMANN
Chief Economist
Inter-American Development Bank
Commentary
MARTIN FELDSTEIN
President
National Bureau of Economic Research
Overview Panelists
STANLEY FISCHER
First Deputy Managing Director
International Monetary Fund
JACOB FRENKEL
Governor
Bank of Israel
ANDREW CROCKETT
General Manager
Bank for International Settlements