Sveriges Riksbank-IIES Conference on Monetary Policy Rules
Stockholm, June 12-13, 1998

Sveriges Riksbank (Bank of Sweden) and the Institute for International Economic Studies organized a conference on Monetary Policy Rules in Stockholm, June 12-13, 1998. The program for the conference is given below. Revised versions of the papers have been published in Journal of Monetary Economic 43(3), June1999 , where complete papers on line are available.

Program

Opening Remarks, Urban Bäckström, Sveriges Riksbank

International Experiences with Different Monetary Policy Regimes, Frederic Mishkin, Columbia University, IIES Seminar Paper No. 648, August 1998, PDF (0.1 MB).
Revised version for Journal of Monetary Economics, December 1998, PDF (0.1 MB).
Discussant: Charles Goodhart, London School of Economics

The Robustness and Efficiency of Monetary Policy Rules as Guidelines for Interest Rate Setting by the European Central Bank, John Taylor, Stanford University, IIES Seminar Paper No. 649, August 1998, PDF (0.7 MB).
Discussant: Leonardo Leiderman, Bank of Israel

Money Growth Targeting, Jürgen von Hagen, University of Bonn, IIES Seminar Paper No. 643, July 1998, PDF (0.1 MB).
Discussant: Stephen Cecchetti, Federal Reserve Bank of New York

Nominal Income Targeting in an Open-Economy Optimizing Model, Bennett T. McCallum and Edward Nelson, Carnegie-Mellon University, IIES Seminar Paper No. 644, August 1998, PDF (0.2 MB).
Discussant: Glenn Rudebusch, Federal Reserve Bank of San Francisco

Tradeoffs Between Inflation and Output-Gap Variances in an Optimizing- Agent Model, Dale Henderson (with Christopher Erceg and Andrew Levin), Board of Governors of the Federal Reserve System, IIES Seminar Paper No. 650, September 1998, PDF (0.6 MB).
Discussant: Stefan Gerlach, BIS

Inflation Targeting as a Monetary Policy Rule, Lars Svensson, IIES, IIES Seminar Paper No. 646, August 1998, PDF (0.5 MB).
Revised version for Journal of Monetary Economics, December 1998, PDF (0.4 MB).
Discussant: Alan Blinder, Princeton University

Pioneering Price Level Targeting: the Swedish Experience 1931-37, Claes Berg, Sveriges Riksbank, and Lars Jonung, Stockholm School of Economics, IIES Seminar Paper No. 642, July 1998, PDF (0.1 MB).
Revised version for Journal of Monetary Economics, December 1998, PDF (0.2 MB).
Discussant: Mervyn King, Bank of England

Conclusions for monetary policy and the ECB
Chair: Lars Heikensten, Sveriges Riksbank
Panel: Alan Blinder, Princeton University; Donald Brash, Reserve Bank of New Zealand; Otmar Issing, European Central Bank; Mervyn King, Bank of England; Guido Tabellini, Bocconi University

Organizing Committee:
Claes Berg, Chief Economist and Head of Economics Department, Sveriges Riksbank
Torsten Persson, Professor, IIES, Stockholm University
Lars E.O. Svensson, Professor, IIES, Stockholm University
Anders Vredin, Head of Research Department, Sveriges Riksbank

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