Federal Reserve Bank of St. Louis logo
Skip to main content

28th Annual Economic Policy Conference

Inflation Targeting: Prospects and Problems
October 16-17, 2003

Conference Papers

Program Information

Thursday, October 16, 2003

7:45 AM Continental Breakfast
8:30 AM Welcome
William Poole, President, Federal Reserve Bank of St. Louis
8:45 AM "Inflation Targeting: A Theoretical Evaluation"
Author:Michael Woodford, Princeton University
Discussant:Stephanie Schmitt-Grohé, Duke University
10:15 AM Break
10:30 AM"The Macroeconomic Effects of Inflation Targeting"
Authors: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
12:00 PM Lunch
1:30 PM "The Role of Policy Rules in Inflation Targeting"
Authors:Kenneth N. Kuttner, Federal Reserve Bank of New York, and
Adam S. Posen, Institute for International Economics
Discussant: Monika Piazzesi, University of Chicago
3:00 PM Break
3:15 PM"Inflation Targeting: A Critical View"
Authors:Dale W. Henderson and Jon Faust, Board of Governors of the Federal Reserve System
Discussant: Benjamin M. Friedman, Harvard University
5:00 PM Reception
6:15 PMDinner

 

Friday, October 17, 2003

8:00 AM Continental Breakfast
8:45 AM "Practical Problems and Obstacles to Inflation Targeting"
Author: Laurence H. Meyer, Center for Strategic and International Studies
Discussant: Lars E.O. Svensson, Princeton University
10:15 AM Break
10:30 AM Panel Discussion: "Inflation Targeting"
Panelists: 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
12:00 PM Lunch