NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.
SUMMER INSTITUTE 2001
Monetary Economics Workshop
Ben Bernanke, Organizer
Royal Sonesta Hotel
5 Cambridge Parkway
Cambridge, Massachusetts
July 16-July 20, 2001
PRELIMINARY PROGRAM
MONDAY, JULY 16:
12:00 N Lunch
1:00 PM ARGIA SBORDONE, Rutgers University
An Optimizing Model of U.S. Wage and Price Dynamics
2:00 PM Break
2:15 PM SHARON KOZICKI, Federal Reserve Bank of Kansas City
P.A. TINSLEY, University of Cambridge
Imperfect Policy Credibility and Tests of the Expectations Hypothesis
3:15 PM Adjourn
TUESDAY, JULY 17:
12:00 N Lunch
1:00 PM N. GREGORY MANKIW, Harvard University and NBER
RICARDO REIS, Harvard University
Sticky Information versus Sticky Prices:
A Proposal to Replace the New Keynesian Phillips Curve
2:00 PM Break
2:15 PM LAURENCE BALL and ROBERT MOFFITT, Johns Hopkins University and NBER
Productivity Growth and the Phillips Curve
3:15 PM Adjourn
SI01 ME Program
page two
WEDNESDAY, JULY 18:
12:00 N Lunch
1:00 PM European Central Bank Project on Monetary Policy Transmission in Europe:
A Progress Report
IGNAZION ANGELONI, Deputy Director General, Research
European Central Bank Research Staff
3:30 PM Adjourn
6:00 PM Clambake
Harvard Faculty Club
20 Quincy Street
Cambridge, MA
THURSDAY, JULY 19:
12:00 N Lunch
1:00 PM LARS E. O. SVENSSON, Stockholm University and NBER
What is Wrong with Taylor Rules?
Using Judgment in Monetary Policy Through Targeting Rules
2:00 PM Break
2:15 PM CARL WALSH, UC, Santa Cruz
The Output Gap and Optimal Monetary Policy
3:15 PM Adjourn
FRIDAY, JULY 20:
12:00 N Lunch
1:00 PM MICHAEL DOTSEY and ANDREAS HORNSTEIN,
Federal Reserve Bank of Richmond
Optimal Time-Consistent Monetary Policy with State-Dependant Pricing
2:00 PM Break
2:15 PM AVINASH DIXIT, Princeton University
LUISA LAMBERTINI, UC, Los Angeles
Fiscal Discretion Destroys Monetary Commitment
3:15 PM Adjourn
06/27/01