NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

How Important is Money in the Conduct of Monetary Policy?

Michael Woodford

NBER Working Paper No. 13325
Issued in August 2007

---- Acknowledgements -----

Prepared for the Conference in Honor of Ernst Baltensperger, University of Bern, June 8, 2007. An earlier version was presented as the 2006 W.A. Mackintosh Lecture, Queen's University, Canada. I would like to thank Jordi Gali, Stefan Gerlach, Charles Goodhart, Otmar Issing, Robert E. Lucas, Jr., Klaus Masuch, Bennett McCallum, Rick Mishkin, Ed Nelson, Christian Noyer, Athanasios Orphanides, Lucrezia Reichlin, Julio Rotemberg, Gregor Smith, Lars Svensson, Harald Uhlig, Volker Wieland and an anonymous referee for helpful discussions and comments on earlier drafts, while absolving them of any responsibility for the opinions expressed, and the (U.S.) National Science Foundation for research support through a grant to the National Bureau of Economic Research. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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