THURSDAY, APRIL 14:

6:30 PM Dinner

Legal Sea Foods

5 Cambridge Center

Cambridge, MA 02139

FRIDAY, APRIL 15:

8:15 AM Shuttle Van from the Royal Sonesta to NBER

8:30 AM Shuttle Van from the Royal Sonesta to NBER

8:30 AM Continental Breakfast

9:00 AM REFET GURKAYNAK, BRIAN SACK, and ERIC SWANSON, Federal Reserve Board

Do Action Speak Louder than Words? The Response of Asset Prices to Monetary Policy Actions and Statements

DISCUSSANT: KENNETH KUTTNER, Oberlin College and NBER

10:00 AM Break

10:20 AM ROBERT TETLOW and BRIAN IRONSIDE, Federal Reserve Board

Real-time Model Uncertainty in the United States:

The Fed from 1996-2003

DISCUSSANT: PETER IRELAND, Boston College and NBER

11:20 AM Break

11:40 AM YURIY GORODNICHENKO, University of Michigan

MATTHEW SHAPIRO, University of Michigan and NBER

Monetary Policy When Potential Output is Uncertain:

Understanding the Growth Gamble of the 1990s

DISCUSSANT: N. GREGORY MANKIW, Harvard University and NBER

Over, Please!

Monetary Economics Program, Page 2:

12:40 PM Lunch

1:40 PM MARTIN WEITZMAN, Harvard University

A Unified Bayesian Theory of Equity Puzzles

DISCUSSANT: ANGELO MELINO, University of Toronto

2:40 PM Break

3:00 PM JEAN BOIVIN and MARC GIANNONI, Columbia University and NBER

DSGE Models in a Data Rich-Environment

DISCUSSANT: CHRISTOPHER SIMS, Princeton University and NBER

4:00 PM Adjourn

4/5/05