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Papers for 28th Annual Economic Policy Conference

Inflation Targeting: Prospects and Problems

October 16-17, 2003

Thursday, October 16, 2003

"Inflation Targeting: A Theoretical Evaluation"
Michael Woodford, Princeton University
Discussant: Stephanie Schmitt-Grohé, Duke University

"The Macroeconomic Effects of Inflation Targeting"
Andrew Levin and Fabio M. Natalucci, Board of Governors of the Federal Reserve System and Jeremy M. Piger, Federal Reserve Bank of St. Louis
Discussant: Harald Uhlig, Humboldt University

"The Role of Policy Rules in Inflation Targeting"
Kenneth N. Kuttner, Federal Reserve Bank of New York
Discussant: Monika Piazzesi, University of Chicago

"Is Inflation Targeting Best-Practice Monetary Policy?"
Dale W. Henderson and Jon Faust, Board of Governors of the Federal Reserve System
Discussant: Benjamin M. Friedman, Harvard University

Friday, October 17, 2003

"Practical Problems and Obstacles to Inflation Targeting"
Laurence H. Meyer, Center for Strategic and International Studies
Discussant: Lars E.O. Svensson, Princeton University

Panel Discussion: "Inflation Targeting"
Ben S. Bernanke, Board of Governors of the Federal Reserve System
Otmar Issing, Executive Board of the European Central Bank
Donald L. Kohn, Board of Governors of the Federal Reserve System