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Organized by Marco Del Negro, Ellis Tallman, and Tao Zha. This conference was inspired by, and organized under the guidance of, the late Bruce D. Smith, University of Texas at Austin. |
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| FRIDAY, MARCH 21, 2003 | |
| 8:15 A.M. | Registration and buffet breakfast |
| 8:45 | Welcoming remarks JACK GUYNN, President and Chief Executive Officer, Federal Reserve Bank of Atlanta |
| 9:00 | Impacts of Priors on Convergence and Escapes from Nash Inflation  THOMAS J. SARGENT, New York University and Hoover Institution NOAH WILLIAMS, Princeton University Discussant: LARS PETER HANSEN, University of Chicago |
| 10:00 | Money and Prices in Models of Bounded Rationality ALBERT MARCET, Universitat Pompeu Fabra, Barcelona JUAN PABLO NICOLINI, Universidad Torquato Di Tella, Buenos Aires Discussant: MICHAEL WOODFORD, Princeton University |
| 11:00 | Coffee break |
| 11:15 | Implications for Monetary Policy of Costly Information Flow CHRISTOPHER A. SIMS, Princeton University Discussant: NARAYANA R. KOCHERLAKOTA, Stanford University |
| 12:15 P.M. | Buffet lunch |
| 1:30 | Policy Interaction, Expectations, and the Liquidity Trap GEORGE W. EVANS, University of Oregon SEPPO HONKAPOHJA, University of Helsinki Discussant: IN-KOO CHO, University of Illinois Comments |
| 2:30 | Learning About Monetary Policy Rules When Long-Horizon Expectations Matter BRUCE J. PRESTON, Princeton University Discussant: SEPPO HONKAPOHJA, University of Helsinki Comments |
| 3:30 | Coffee break |
| 4:00 | Did the Great Inflation Occur Despite Policymaker Commitment to a Taylor Rule? JAMES B. BULLARD, Federal Reserve Bank of St. Louis STEFANO EUSEPI, New York University Discussant: MARK GERTLER, New York University |
| 5:00 | Inflation Scares and Forecast-Based Monetary Policy ATHANASIOS ORPHANIDES, Federal Reserve Board of Governors JOHN C. WILLIAMS, Federal Reserve Bank of San Francisco Discussant: PETER IRELAND, Boston College Comments |
| 7:00 | Reception |
| 7:30 | Dinner and speaker |
| 8:30 | Introduction of speaker ROBERT EISENBEIS, Senior Vice President and Director of Research, Federal Reserve Bank of Atlanta Speaker: LARS E.O. SVENSSON, Princeton University Text of speech |
| SATURDAY, MARCH 22, 2003 | |
| 8:15 A.M. | Continental breakfast |
| 8:45 | Learning and Monetary Regime Shifts (links off-site) FRANK SCHORFHEIDE, University of Pennsylvania Discussant: HARALD UHLIG, Humboldt University of Berlin |
| 9:45 | Modest Policy Interventions ERIC M. LEEPER, Indiana University TAO ZHA, Federal Reserve Bank of Atlanta Discussant: LEE OHANIAN, University of California Los Angeles |
| 10:45 | Coffee break |
| 11:00 | Drifts and Volatilities: Monetary Policies and Outcomes in the Post–World War II United States TIMOTHY COGLEY, Arizona State University THOMAS J. SARGENT, New York University and Hoover Institution Discussant: MARCO DEL NEGRO, Federal Reserve Bank of Atlanta Comments |
| Noon | Final remarks BEN S. BERNANKE, Member, Federal Reserve Board of Governors |
| 12:30 P.M. | Buffet lunch |
| 2:00 | Adjournment |
| One hour is allocated for each paper and discussion: forty minutes for the paper presentation, ten minutes for the discussant, ten minutes for open floor discussion. | |