NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

Susanto Basu and Simon Gilchrist, Organizers

Royal Sonesta Hotel

5 Cambridge Parkway

PRELIMINARY PROGRAM

8:30 AM Registration and Continental Breakfast

9:00 AM ALEXEI ONATSKI Columbia University

Robust Monetary Policy under Model, Data and Shock Uncertainty in a Small Forward Looking Model of the U.S. Economy

Discussant: TIMOTHY COGLEY, Arizona State University

10:00 AM Break

10:30 AM ALEX CUKIERMAN, Tel-Aviv University

FRANCESCO LIPPI, Stanford University

Endogenous Monetary Policy with Unobserved Potential Output

Discussant: SIMON GILCHRIST, Boston University and NBER

11:30 AM ATHANASIOS ORPHANIDES and JOHN C. WILLIAMS, Federal Reserve System

Imperfect Knowledge, Inflation Expectations, and Monetary Policy

Discussant: JOHN LEAHY, Boston University and NBER

12:30 PM Lunch

1:30 PM PEDRO PABLO ÁLVAREZ-LOIS, Bank of Spain

Capacity Utilization and the Asymmetric Effects of Monetary Policy

Discussant: JOHN FERNALD, Federal Reserve Bank of Chicago

2:30 PM Break

3:00 PM ANDREAS HORNSTEIN and PIERRE-DANIEL SARTE,

Federal Reserve Bank of Richmond

Sticky Prices and Inventories: Production Smoothing Reconsidered

Discussant: MARK BILS, University of Rochester and NBER

4:00 PM Adjourn

6:00 PM Reception and Group Dinner

Royal Sonesta Hotel

SATURDAY, DECEMBER 1:

9:00 AM Continental Breakfast

9:30 AM ERIC M. LEEPER, Indiana University

TAO ZHA, Federal Reserve Bank of Atlanta

Empirical Analysis of Policy Interventions

Discussant: KENNETH WEST, University of Wisconsin and NBER

10:00 AM Break

10:30 AM MATTEO IACOVIELLO, London School of Economics

House Prices, Borrowing Constraints and Monetary Policy in the Business Cycle

Discussant: CHRISTOPHER HOUSE, University of Michigan

11:30 AM WILLIAM DUPOR, University of Pennsylvania

Nominal Price versus Asset Price Stabilization

Discussant: FREDERIC MISHKIN, Columbia University and NBER

12:30 PM Adjourn

11/8/01