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

Understanding the Greenspan Standard

Authors:
ALAN S. BLINDER
Professor
Princeton University

RICARDO REIS
Professor
Princeton University

Discussants:

ALLAN H. MELTZER
Professor
Carnegie Mellon University

JOHN B. TAYLOR
Professor
Stanford University

General Discussion

Business Cycle Dynamics and Monetary Policy

Separating the Business Cycle From Other Economic Fluctuations

Author:
ROBERT E. HALL
Professor
Stanford University

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?

The End of Large Current Account Deficits 

Author:
SEBASTIAN EDWARDS
Professor
University of California, Los Angeles

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

Has Financial Development Made the World Riskier?

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

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

Central-Bank Communication and Policy Effectiveness

Author:
MICHAEL WOODFORD
Professor
Columbia University

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