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32nd Annual Economic Policy Conference

Monetary Policy Under Uncertainty
October 18-19, 2007

Program Information

The theme of this year's conference is "Monetary Policy Under Uncertainty." Several leading participants in this literature will present their research and commentary.

All conference events will take place at the Hilton St. Louis at the Ballpark Hotel in downtown St. Louis.

For more information about the conference or help with hotel reservations, please contact Sandra Butler at (314) 444-8591, or 1-800-333-0810, ext. 44-8591, or
Denise Cain at (314) 444-8567, or 1-800-333-0810, ext. 44-8567.

Please note that attendance is by invitation only.

Thursday, October 18, 2007
 "Welcome" Robert H. Rasche, Senior Vice President and Director of Research, Federal Reserve Bank of St. Louis
 Session 1 — "Bayesian and Adaptive Optimal Policy Under Model Uncertainty"
 Authors:Noah Williams, Princeton University
Lars E.O. Svensson, Sveriges Riksbank
 Discussants:Timothy W. Cogley, University of California, Davis
Andrew T. Levin, Board of Governors of the Federal Reserve System
 Session 2 — "Economic Projections and Rules-of-Thumb for Monetary Policy"
 Authors:Athanasios Orphanides, Central Bank of Cyprus
Volker W. Wieland, Goethe University-Frankfurt
 Discussants:Charles I. Plosser, Federal Reserve Bank of Philadelphia
Patrick Minford, Cardiff Business School
 Session 3 — "Asset Prices and the Stance of Policy"
 Authors:Frank R. Smets, European Central Bank
Marek Jarociński, European Central Bank
 Discussants:Robert G. King, Boston University
Stephen G. Cecchetti, Brandeis University
 Session 4 — "Assessing Monetary Policy Effects Using Daily Fed Funds Futures Contracts"
 Author:James D. Hamilton, University of California-San Diego
 Discussants:Alec Chrystal, City University
Kenneth N. Kuttner, Oberlin College
Friday, October 19, 2007
 Session 5 — Panel Discussion
 Panelists:John B. Taylor, Stanford University
Ben S. Bernanke, Board of Governors of the Federal Reserve System
William Poole, Federal Reserve Bank of St. Louis
 Session 6 — "Announcements and the Role of Policy Guidance"
 Author:Carl E. Walsh, University of California, Santa Cruz
 Discussants:Laurence H. Meyer, Macroeconomic Advisers
Marvin Goodfriend, Carnegie Mellon University

Conference Agenda