NATIONAL BUREAU OF ECONOMIC RESEARCH

Pre-Conference on Inflation Targeting

November 2, 2002

Michael Woodford, Organizer

NBER

1050 Massachusetts Avenue

Cambridge, MA

PRELIMINARY PROGRAM

FRIDAY, NOVEMBER 1, 2002:

6:30 PM Dinner - Sandrine's, 8 Holyoke Street, Cambridge, MA

SATURDAY, NOVEMBER 2, 2002:

9:00 AM Continental Breakfast

9:30 AM LARS SVENSSON, Princeton University and NBER

MICHAEL WOODFORD, Princeton University and NBER

Implementing Optimal Policy through Inflation-Forecast Targeting

10:00 AM LAWRENCE CHRISTIANO, Northwestern University and NBER

MARTIN EICHENBAUM, Northwestern University and NBER

Inflation Traps and Inflation Targeting

10:30 AM LAWRENCE BALL, John Hopkins University and NBER

Empirical Evidence on Sacrifice Ratios

11:00 AM STEPHEN CECCHETTI, Ohio State University and NBER

Inflation Targeting, Price Level Targeting, and Output Variability

11:30 AM MARC GIANNONI, Columbia University

MICHAEL WOODFORD, Princeton University and NBER

Optimal Inflation Targeting Rules

12:00 PM Lunch

1:00 AM FREDRIC MISHKIN, Columbia University and NBER

JIRI JONAS, International Monetary Fund

Inflation Targeting in Transition Economies

1:30 PM CHRISTOPHER SIMS, Princeton University and NBER

Fiscal Implications of Inflation Targeting

2:00 PM MARVIN GOODFRIEND, Federal Reserve Bank of Richmond

Inflation Targeting in the U.S.

2:30 PM RICARDO CABALLERO, MIT and NBER

ARVIND KRISHNAMURTHY, Northwestern University

Inflation Targets and Exchange Rate Policy in Open Economies

3:00 PM Adjourn

10/31/02