Conference on Monetary Policy Rules in Stockholm June 12 - 13, 1998

Sveriges Riksbank – IIES Conference on Monetary Policy Rules,
Stockholm, June 12-13, 1998
Preliminary Programme

Sveriges Riksbank and the Institute for International Economic Studies will organize a conference on Monetary Policy Rules in Stockholm, June 12-13, 1998. The programme of the conference is given below;

Friday, June 12

Opening
Governor Urban Bäckström, Sveriges Riksbank

International Experiences with Different Monetary Policy Regimes
Author: Prof Frederic Mishkin, Columbia University
Discussant: Prof Charles Goodhart, London School of Economics

The Robustness and Efficiency of Monetary Policy Rules as Guidelines for Interest Rate Setting by the European Central Bank
Author: Prof John Taylor, Stanford University
Discussant: Prof Leonardo Leiderman, Bank of Israel

Money Growth Targeting
Author: Prof Jürgen von Hagen, University of Bonn
Discussant: Prof Stephen Cecchetti, Federal Reserve Bank of New York

Nominal Income Targeting in an Open-Economy Optimizing Model
Authors: Prof Bennett McCallum and Dr Edward Nelson, Carnegie-Mellon University
Discussant: Dr Glenn Rudebusch, Federal Reserve Bank of San Francisco

Output-gap and Price Inflation Volatilities: Reaffirming Tradeoffs in an Optimizing Model
Author: Dr Dale Henderson (with Cristopher Erceg and Andrew Levin) Board of Governors of the Federal Reserve System
Discussant: Dr Stefan Gerlach, BIS

Saturday, June 13


Inflation Targeting as a Monetary Policy Rule
Author: Prof Lars E.O. Svensson, IIES
Discussant: Prof Alan Blinder, Princeton University

Pioneering Price Level Targeting: the Swedish Experience 1931-1937
Authors: Dr Claes Berg, Sveriges Riksbank and Prof Lars Jonung,Stockholm School of Economics
Discussant: Prof Mervyn King, Bank of England


PANEL: Conclusions for Monetary Policy and the ECB

Chair: Dr Lars Heikensten, Deputy Governor, Sveriges Riksbank

Panel: Prof Alan Blinder, Princeton University
Prof Otmar Issing, Member of the Board, Deutsche Bundesbank
Prof Mervyn King, Executive Director, Bank of England
Prof Guido Tabellini, Bocconi University
Dr Donald Brash, Governor, Reserve Bank of New Zealand

ORGANIZING COMMITTEE:


Claes Berg, Chief Economist and Head of Economics Department, Sveriges Riksbank
Torsten Persson, Professor, IIES, Stockholm University
Lars E.O. Svensson, Professor, IIES, Stockholm University
Anders Vredin, Head of Research Department, Sveriges Riksbank

ORGANIZING SECRETARY:

Loulou Wallman, Senior Economist, Economics Department, Sveriges Riksbank