NATIONAL BUREAU OF ECONOMIC RESEARCH, INC



MONETARY ECONOMICS PROGRAM MEETING



Laurence M. Ball and Christopher D. Carroll, Organizers



April 16, 2004



NBER

1050 Massachusetts Avenue

Cambridge, Massachusetts



PROGRAM



THURSDAY, APRIL 15:



7:00 PM Dinner

Legal Sea Foods

(Kendall Square)

5 Cambridge Center

Cambridge, MA 02139



FRIDAY, APRIL 16:



8:00 AM Shuttle Van Departs Royal Sonesta Hotel for 1050 Mass. Avenue.



8:30 AM Shuttle Van Departs Royal Sonesta Hotel for 1050 Mass. Avenue.



8:30 AM Continental Breakfast



9:00 AM THOMAS LAUBACH, Federal Reserve Board

New Evidence on the Interest Rate Effects of Budget Deficits and Debt

Discussant: BENJAMIN FRIEDMAN, Harvard University and NBER

10:00 AM Break



10:15 AM OLIVIER BLANCHARD, MIT and NBER

Fiscal Dominance and Inflation Targeting:

Lessons from Brazil



Discussant: FREDRIC MISHKIN, Columbia University and NBER



11:15 AM RICARDO REIS, Harvard University

Inattentive Consumers



Discussant: JOHN SHEA, University of Maryland and NBER



12:15 PM Lunch

Over, Please!





Monetary Economics Program, Page 2:



1:15 PM ADAM POSEN, Institute for International Economics

It Takes More than a Bubble to Become Japan



Discussant: TAKEO HOSHI, UC, San Diego and NBER



2:15 PM Break



2:30 PM SUSANTO BASU and MILES KIMBALL, University of Michigan and NBER

Investment Planning Costs and the Effects of Fiscal and Monetary Policy



Discussant: SIMON GILCHRIST, Boston University and NBER



3:30 PM N. GREGORY MANKIW, Council of Economic Advisers and NBER

A Conversation (No Discussant)

4:30 PM Adjourn



4/2/04